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Products and technology Thorium The Thorium platform – new potential opportunities for alpha-pharmaceuticals An important objective for Algeta during 2010 has been to develop and implement a strategy with the aim of building a future pipeline of novel targeted cancer product candidates beyond Alpharadin®. This strategy leverages Algeta’s world-leading expertise and intellectual property around the use of alpha-emitters and its targeted therapeutic approach for the treatment of cancer. Initially, Algeta is focused on the development of the Thorium platform with the aim of building additional product opportunities based on its alpha-pharmaceutical platform and its targeted therapeutic approach for the treatment of cancer. This work is at an early preclinical feasibility stage, however Algeta believes that alpha-emitters have the potential to offer a number of unique advantages over conjugated cytotoxic drugs as the payloads in targeted cancer therapies that may lead to an enhanced clinical effect. These benefits include increased potency and an ability to overcome drug resistance by virtue of their direct tumorkilling mechanism of action (see page 16). Thorium-227, which forms the basis of Algeta’s second alpha-pharmaceutical platform, is a radionuclide that emits high-energy alpha particles, but is not inherently tumor-targeting. However, by linking thorium-227 to tumor-targeting molecules such as monoclonal anti bodies, Algeta has the potential to create preclinical candidates for a future pipeline of novel alpha-pharmaceuticals that specifically seek and destroy cancer cells while minimizing damage to surrounding healthy tissues. The process is shown schematically in the figure below. Market opportunity There is increasing focus by drug companies on the development of next-generation targeted cancer therapeutics where cancer-killing payloads are attached to ‘naked’ tumor-targeting antibodies, in an attempt to maximize the effectiveness of therapy. Conjugation of thorium-227 to targeting molecules has the potential to enhance the effectiveness of treatment for a wide and broad variety of cancer types. Therefore, the technology has the potential to generate variety of proprietary drug candidates for development by Algeta. Proof of Concept Preclinical data supporting this concept have been presented at scientific conferences in recent years, including at the European Association of Nuclear The Goals of Targeted Alpha Therapy Monoclonal antibody (mAb) Cancer cell Tumor-targeting thorium-227 conjugate The short range of alpha particles kills cancer cells within 2–10 cell diameters. 20 Medicine meeting in October 2010. In these studies, Algeta and its academic collaborators have generated promising results that demonstrate the targeted cancer cell-killing effect of thorium-227 conjugated to tumor-targeting antibodies such as trastuzumab and rituximab in validated models of breast cancer and lymphoma, respectively. Using the HER-2 monoclonal antibody trastuzumab as an example, the studies have demonstrated: • Target specificity: thorium-227-trastuzumab selectively targeted and bound HER-2 presenting tumor cells in vitro and in mice with HER-2 positive tumors • Tumor cell-killing effect: thorium227-trastuzumab exerted a measurable and dose-dependent therapeutic effect by killing HER-2 positive breast cancer cells to which it was bound and had a significant effect on tumor growth at low doses • Indication of safety: blood toxicity of thorium-227-trastuzumab, determined from measuring white blood cell counts in the mouse models, was modest and temporary. This is believed to be a result of the targeted and localized mode of action of thorium-227-trastuzumab. Advancing the Platform The ability to link thorium-227 to tumor-targeting molecules is funda mental for the development of these new alpha-pharmaceuticals. Algeta has significant expertise in binding (chelating) thorium-227 and conjugating it to the tumor-targeting molecules having already demonstrated proof of concept of such conjugates using non-proprietary chelators as noted above. In October 2010, in order to further improve the attachment of thorium-227 to the tumor-targeting molecules, Algeta entered into a technology access agreement with Lumiphore, Inc. (Richmond, CA, USA). The agreement provides Algeta with exclusive access to the US firm’s novel, patented Lumi4® chelator technology, which will be evaluated for its ability to bind thorium227 and link it to tumor-targeting molecules. Under the option agreement, Algeta will assess whether the Lumi4® technology offers advantages that could produce enhanced conjugates when compared Products and technology Annual Report 2010 to those successfully employed in the previous thorium-227 feasibility studies. Key benefits may include more rapid, efficient and cost-effective chelation and conjugation processes, and increased conjugate stability. In addition, use of the technology if applied successfully, is anticipated to extend Algeta’s proprietary position around its Thorium platform. Development team strengthened In a further move to accelerate the development of its Thorium platform, Algeta appointed Dr. Lars Abrahmsén as Senior Vice President, Protein Therapeutics. Dr. Abrahmsén was previously CSO of Affibody AB, a Swedish company developing proprietary tumor-targeting molecules for thera peutic and diagnostic purposes. He has a wealth of experience in protein engineering, including monoclonal antibody production and conjugation, gained at Affibody, Genentech and Pharmacia. Over the past 20 years, working primarily in oncology, Dr. Abrahmsén has led several projects from discovery through preclinical development and into the clinic, building expertise in technologies for conjugation of therapeutic payloads to monoclonal antibodies and other targeting molecules. 21