CRANBURY, N.J., April 15, 2015 /PRNewswire/ -- Oncobiologics, Inc., a biotherapeutics company focused on developing and commercializing biosimilars, today announced that clinical development for ONS-1045, an Avastin®/bevacizumab biosimilar candidate, is underway with dosing completed in its pivotal pharmacokinetic (PK) study. This study is currently being conducted at the Center for Human Drug Research (CHDR) in Leiden, The Netherlands.
ONS-1045 is being studied in a 3-arm single-dose PK study in healthy male volunteers to compare it against both the US- and EU-sourced Avastin® reference products, and the two reference products to each other. This 3-way PK assessment, designed to assess PK, safety and tolerability, is the first step in the global clinical development program for Oncobiologics' second of eleven biosimilar candidates.
Avastin is a monoclonal antibody that binds to the vascular endothelial growth factor (VEGF) and is approved in multiple markets for the treatment of various cancers including metastatic colorectal and non-squamous non-small cell lung cancers.
"The ONS-1045 PK study is our second clinical study start in less than one year. This is an important demonstration of Oncobiologics' development capabilities, as the company continues to advance its multi-asset biosimilar pipeline," commented Oncobiologics Founder & CEO, Pankaj Mohan, Ph.D.
The company has begun preparing for the global Phase III program and expects the PK study results to be available in time to enable initiation of a Phase III study in Q4 2015.
About Oncobiologics, Inc. and the BioSymphony™ Model
Oncobiologics is a privately-held biopharmaceutical company focused on the advancement of its pipeline of 11 biosimilar products, two of which are currently in clinical development. Led by a team of biopharmaceutical experts, Oncobiologics operates from a state-of-the-art 50,000 sq. ft. fully-integrated R&D and in-house manufacturing facility in Cranbury, NJ. The company employs its BioSymphony™ biosimilars business model to achieve accelerated development and technical excellence in order to create affordable medicines for patients around the world. The aggregate market value at time of patent expiry for the molecules in Oncobiologics' pipeline is projected to be in excess of $100 Billion.
For more information, please visit www.oncobiologics.com
Forward Looking Statements
The scientific information in this news release related to pipeline products is preliminary and investigative. These potential products are not approved by the U.S. Food and Drug Administration or any other regulatory body, and no conclusions can or should be drawn regarding the safety or effectiveness of the product candidates.
SOURCE Oncobiologics, Inc.