Catalyst Pharmaceutical Partners Reports Successful Completion of Type B
Breakthrough Therapy Meeting With FDA on Firdapse Tablets Development Program
First Meeting With FDA Since Receiving Breakthrough Therapy Designation for
Anticipated Timeline for NDA Submission Remains on Track
CORAL GABLES, Fla., Jan. 6, 2014 (GLOBE NEWSWIRE) -- Catalyst Pharmaceutical
Partners, Inc. (Catalyst) (Nasdaq:CPRX), a specialty pharmaceutical company
focused on developing safe and effective, approved medicines targeting orphan
neuromuscular and neurological diseases, today announced the successful
completion of a Type B meeting with the U.S. Food and Drug Administration
(FDA) about Firdapse™ tablets (Amifampridine), its lead product being
evaluated for the treatment of Lambert Eaton Myasthenic Syndrome (LEMS).
Catalyst provided FDA with an update on the development program for Firdapse,
which received Breakthrough Therapy designation from the FDA in August 2013.
The Company also confirmed with FDA the clinical, nonclinical, and chemistry
and manufacturing controls requirements that FDA will require to approve a New
Drug Application (NDA) for Firdapse.
"Catalyst remains committed to completing our late-stage clinical trial of
Firdapse as expeditiously as possible and working with the FDA to provide a
complete NDA filing," said Patrick McEnany, President and CEO of Catalyst. "We
believe that data obtained to date demonstrate the clinical value and benefit
of Firdapse for LEMS patients, who today have no safe and effective, approved
drug to treat their disease."
This Type B meeting with the FDA was Catalyst's first meeting as the sponsor
of the IND for Firdapse. Catalyst will file rolling submissions of the NDA
modules as completed in anticipation of receiving a priority review of its NDA
The Company provided a briefing package to the FDA that described all
completed, in-progress, and planned preclinical studies, clinical studies, and
drug manufacturing activities. This package included summaries of 54
preclinical studies, six clinical studies, and information related to drug
manufacturing (the clinical supplies and the to-be marketed commercial
product). The FDA concurred that the Company's completed, in-progress, and
planned development activities represented a nearly complete package of
information that would be needed for a complete NDA.
Catalyst also will submit data from additional in-vitro preclinical studies.
Based on the discussions at this meeting and based on past communications and
meetings with the FDA about Firdapse, all of these studies and remaining
development activities constitute information needed to file a complete NDA
and seek approval for Firdapse. The Company does not anticipate that these
additional studies will impact the NDA filing timeline or materially add to
its forecast of the aggregate development costs for Firdapse.
The Company and FDA also discussed the acceptability of the primary and
secondary endpoints specified in the protocol for the ongoing Phase 3 trial.
FDA requested a slight modification in the analyses to be conducted for the
endpoints, which the Company believes will not require any changes in the data
being collected or the number of patients needed to complete enrollment.
Update on Phase 3 Clinical Trial Status
The Company anticipates meeting previously disclosed timelines for submission
and approval of an NDA for Firdapse for the treatment of LEMS.
In order to accelerate the enrollment in this clinical trial, over the last
few months the Company has expanded the on-going clinical trial that was
initiated by BioMarin Pharmaceutical, Inc. (Nasdaq:BMRN), to include many more
sites internationally. The initiation of these clinical trial sites in
numerous different countries has presented challenging logistical, contractual
and regulatory issues that are nearing closure. These issues included site
identification followed by numerous IRB/ethics committee filings, contracts,
clinical trial applications, translations, IRB approvals, multilingual drug
labeling, and other multinational issues.
There are currently 22 active sites with a sufficient number of already
identified LEMS patients to complete enrollment of the trial, based on the
screening, enrollment, and randomization success metrics achieved to date. As
a result, the Company expects to complete screening and enrollment of the
clinical trial during this quarter and to report top line data from the trial
in the third quarter of this year.
About Catalyst Pharmaceutical Partners
Catalyst Pharmaceutical Partners, Inc. is a specialty pharmaceutical company
focused on the development and commercialization of novel prescription drugs
targeting rare (orphan) neuromuscular and neurological diseases, including
Lambert-Eaton Myasthenic Syndrome (LEMS), infantile spasms, and Tourette
Syndrome. Catalyst's lead candidate, Firdapse™ for the treatment of LEMS, is
currently undergoing testing in a global, multi-center, pivotal Phase 3 trial
and recently received Breakthrough Therapy Designation from the U.S. Food and
Drug Administration (FDA). In 2012, Catalyst licensed Firdapse from BioMarin
and Catalyst assumed management of the Phase 3 pivotal trial, initiated by
BioMarin. Firdapse is the first and only European approved drug for
symptomatic treatment in adults with LEMS.
Catalyst is also developing a potentially safer and more potent vigabatrin
analog (designated CPP-115) to treat infantile spasms, and epilepsy, as well
as other neurological conditions associated with reduced GABAergic signaling,
like post-traumatic stress disorder and Tourette Syndrome. CPP-115 has been
granted U.S. orphan drug designation for the treatment of infantile spasms by
the FDA and has been granted E.U. orphan medicinal product designation for the
treatment of West Syndrome by the European Commission.
This press release contains forward-looking statements. Forward-looking
statements involve known and unknown risks and uncertainties, which may cause
Catalyst's actual results in future periods to differ materially from
forecasted results. A number of factors, including the timing of completion of
Catalyst's currently ongoing Phase 3 trial of Firdapse™, whether the Phase 3
trial will be successful, whether the receipt of breakthrough therapy
designation for Firdapse will expedite the development and review of Firdapse
by the FDA, whether FDA will give any NDA for 3,4-DAP priority review, or
accept rolling submissions of the NDA modules as completed, whether the
product will be found to be safe and effective, whether an NDA for Firdapse
will ever be accepted for filing by the FDA, the timing of any such NDA filing
or acceptance, whether Catalyst will be the first company to receive an
approval for 3,4-DAP, giving it 7-year marketing exclusivity for its product,
whether any of Catalyst's product candidates will ever be approved for
commercialization or successfully commercialized, and those other factors
described in Catalyst's Annual Report on Form 10-K for the fiscal year 2012
and other filings with the U.S. Securities and Exchange Commission (SEC),
could adversely affect Catalyst. Copies of Catalyst's filings with the SEC are
available from the SEC, may be found on Catalyst's website or may be obtained
upon request from Catalyst. Catalyst does not undertake any obligation to
update the information contained herein, which speaks only as of this date.
CONTACT: Media/Investor Contacts
Donna LaVoie or David Connolly
Patrick J. McEnany
Catalyst Pharmaceutical Partners, Inc.
Chief Executive Officer
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