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Company Interview Excerpt
MICHAEL FONSTEIN – CLEVELAND BIOLABS, INC. (CBLI)


Full article published: 10/06/2008


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TWST: May we start with a short history and an overview of your company?
Dr. Fonstein: Cleveland BioLabs is five years old. The company started as a spinoff of the Cleveland Clinic and it is now over two years since we went public on NASDAQ. The company develops two types of drugs. One type is tissue protectors that protect healthy tissues in our body from a variety of stresses, including radiation and chemotherapy. Obviously, this can be further divided into additional indications. One is when we experience radiation as a result of nuclear accident or deliberate attack, which could be called a defense application. Another is where our body experiences radiation or chemotherapy as part of anti-cancer treatment, where such a drug could increase tolerance to treatment and therefore improve regimens. It is also worth noting that these tissue-protecting drugs are selective in protecting healthy tissues and not tumor cells. The other type of drugs we are developing are pure anti-cancer drugs. The foundation that connects both types of drugs is our proprietary understanding of how to control the regulated cell death process, called apoptosis, which allows us to treat cancer cells and healthy cells differently. Our lead anti-cancer compound just completed a Phase II trial in hormone refractory prostate cancer and our anti-radiation drug is about to enter human safety trials. In the first quarter of 2010, we expect to get results of the first arm of our extended safety trial for radiation protection, which may sound early, but this is the stage of only human trial required for a defense application. This means that we would expect to have a sellable drug in approximately two years.

TWST: Would you comment on the pathway for the radiation drug as far as the non- medical application is concerned?
Dr. Fonstein: This application follows the FDA's animal efficacy rule that was established in 2002 as a pathway to develop drugs whose efficacy would be unethical to test in humans. Really, it's hard to imagine that the FDA would condone irradiating humans using whole-body radiation just to show that you can save even the vast majority of them. This approval pathway consists of three critical elements. The first is demonstrated efficacy in two animal species, with the most advanced species in this case being non-human primates. In this area we have extensive proof of principle. The next major component is safety in humans. Obviously to get there, you need to show safety in animals first, which we have done, and we are about to start human trials. In animal studies, our drug showed a tremendous therapeutic window between active dose and toxic dose, which was almost 1,000 times in rodents. The third component is the study of biomarkers in human volunteers, because we need to show that what is happening in humans is relevant to what protects the animals tested in efficacy trials. The fact that we well understand the mechanism of action behind the high efficacy of our drug plays a critical role here. In fact, I should mention that our extensive knowledge about our drug's mechanisms of action led to the recent publication of a feature article in Science magazine, which is an amazing achievement.

 

Tickers included in this excerpt: CBLI

 

For more information call (212) 952 7433. The Wall Street Transcript does not endorse any of the comments made by interviewees, and does not make stock recommendations.