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DALCOR PHARMA LICENSES A LATE-STAGE INVESTIGATIONAL CARDIOVASCULAR DRUG FOLLOWING MAJOR DISCOVERY BY MONTREAL HEART INSTITUTE (MHI) SCIENTISTS
Montreal (ots/PRNewswire) - - New company DalCor to sponsor global phase III clinical trial to be led by MHI
DalCor Pharmaceuticals Canada Inc. (DalCor) and the Montreal Heart Institute (MHI) announced today a collaboration in principle to conduct an international Phase III clinical trial which could result in a major clinical advance in cardiovascular personalised medicine. This program is part of a major effort by DalCor and its backers, who include significant private capital, to bolster the economy of Quebec by investing in the region's health care capabilities.
The trial will seek to validate the clinical efficacy of dalcetrapib, an investigational medicine that according to a recently published analysis by the MHI could reduce cardiovascular morbidity and mortality by as much as 39% in patients with a documented recent Acute Coronary Syndrome and with the appropriate genetic profile. This Phase III clinical study will screen more than 30,000 patients across 30 countries in order to identify 5,000 patients having the appropriate genetic profile that is expected to benefit from dalcetrapib. DalCor estimates that $250 million will be required to complete the project. MHI will be retained by DalCor as the lead academic Clinical Research Organization for the Phase III trial. The trial will be conducted in collaboration with the Montreal Health Innovations Coordinating Centre (MHICC), a division of the MHI, and other international Contract Research Organizations.
Cardiovascular disease, including coronary atherosclerosis, is the leading cause of death in the world. Recent results published this past January by MHI researchers led by Drs Jean-Claude Tardif and Marie-Pierre Dubé in Circulation: Cardiovascular Genetics indicated that patients with certain genotypes exhibited a benefit in terms of reduced cardiovascular risk when treated with dalcetrapib as compared to placebo. "Our Dal-GenE study is prospectively testing dalcetrapib in patients with a documented recent acute coronary syndrome and a specific genetic profile", said Dr. Jean-Claude Tardif, Director of the Research Center at MHI, Professor of Medicine at the University of Montreal and holder of the Canada Research Chair in personalized medicine. Typically, precision therapy results in better patient outcomes and potential reduction in costs. "As part of this project, DalCor also funds MHI to further investigate this investigational drug's activity and increase the potential of personalised medicine options for our patients beyond the scope of this initial Phase III trial", Dr Tardif added.
"This is a landmark study which can shift the paradigm of personalized treatment for patients with cardiovascular disease based on genomics and demonstrates the leadership of the Montreal Heart Institute in the treatment of cardiovascular disease and its position of excellence in advancing precision medicine," said Dr. Denis Roy, Chief Executive Officer of the Montreal Heart Institute.
DalCor, a company developed by Sanderling Ventures, LLC, has licensed dalcetrapib from Roche. DalCor is a part of a Sanderling program dedicated to help bolster the biomedical industry in Quebec. This program has plans to form as many as eight companies in Quebec, representing a potential investment of more than $500 million. "DalCor is the fifth new company to be formed in Quebec by Sanderling Ventures since September 2013 representing a major portion of our investment strategy for Quebec," stated Dr. Robert McNeil, Managing Director of Sanderling and DalCor's CEO. "MHI's recent new genetic discovery significantly improves the probability of a successful Phase III study. We are confident in the ability of MHI to lead this important international clinical trial."
About DalCor Pharmaceuticals
DalCor is initially focused on cardiovascular drugs providing precision medicine to patients through identification of patient populations that derive clinical benefits. By integrating clinical and genetic insights, DalCor and its partners intend to deliver superior outcomes in clinical medicine while reducing cost for the healthcare system.
About the Montreal Heart Institute
Founded in 1954 by Dr. Paul David, the Montreal Heart Institute constantly aims for the highest standards of excellence in the cardiovascular field through its leadership in clinical and basic research, ultra-specialized care, professional training and prevention. It is affiliated with the Université de Montréal.
About the Montreal Heart Institute Foundation
The mission of the Montreal Heart Institute Foundation is to raise and administer funds to support the Institute's priority and innovative projects and help its fight against cardiovascular disease, the number-one cause of death worldwide. Since its creation in 1977, the Foundation has donated almost $200 million to the Montreal Heart Institute.
About Sanderling Ventures
Founded in 1979, Sanderling is among the oldest investment firms dedicated to building new life science and biomedical companies. Sanderling's unique approach combines a specialized investment focus [http://www.sanderling.com/specialization.php] with active management [http://www.sanderling.com/active.php] and long-term commitment to building sustainable important companies. The firm seeks to ensure the highest rates of return for its investors and the creation of sustainable new companies for the communities in which it invests. Since its inception, Sanderling has supported over 90 biomedical companies from very early stage start-ups, through commercial development, earning consistently high rates of return on its venture investments.
Sanderling has built significant new companies from early stage technologies and has consistently brought these products to market, and achieved successful outcomes for both its portfolio companies and investors.
The office of Sanderling Ventures Canada, located on Sherbrooke Street in Montreal, is managed by its Venture Partners Louise Proulx, Ph.D., Michael Dixon, CPA, CA and Gordon Shore, Ph.D. Sanderling is proud to have the support of its important Canadian Limited Partners, including BDC Capital, a subsidiary of the Business Development Bank of Canada, the Fonds de solidarité FTQ and Knight Therapeutics Inc.
Information: Montreal Heart Institute Lise Plante MBA Communications and Marketing Director Montreal Heart Institute Foundation Phone: +1-514-376-3330, extension 3898 firstname.lastname@example.org facebook.com/institutcardiologiemontreal | @ICMtl DalCor Pharmaceuticals Inc. Louise Proulx, Ph.D Chief Development Officer Phone: +1-514-564-6474, extension 221 email@example.com http://www.dalcorpharma.com Sanderling Ventures Charlotte Shropshire Director of Institutional Investment Phone: +1-650-401-2006 firstname.lastname@example.org http://www.sanderling.com