Threshold Pharmaceuticals Presents Preclinical Results in Two Scientific Presentations at AACR Translational Cancer Medicine Meeting

TH-302 Enhances Efficacy of Two Antiangiogenic Agents and, in a Separate Study, Demonstrates Selectivity in Pancreatic Cancer by Targeting a Distinct Tumor Compartment From That of Gemcitabine


REDWOOD CITY, Calif., July 12, 2010 (GLOBE NEWSWIRE) -- Threshold Pharmaceuticals, Inc. (Nasdaq:THLD), today announced two preclinical presentations on its clinical stage hypoxia-activated prodrug, TH-302, at the American Association for Cancer Research (AACR) Translational Cancer Medicine Meeting, being held July 11 to 14, 2010, in San Francisco, CA. The preclinical presentations describe new findings regarding the efficacy of TH-302 when combined with multi-kinase inhibitors that inhibit VEGF signaling, as well as the efficacy of TH-302 in combination with gemcitabine in models of pancreatic cancer.

"These results extend our understanding of the breadth of TH-302's anticancer activity," said Charles Hart, Ph.D., Threshold's vice president of biology. "In addition, the observations noted in the preclinical study of TH-302 in combination with antiangiogenic agents provide a strong translational rationale for combining TH-302 with these agents to potentially increase treatment benefit to patients."

Poster A42, C.P.Hart et al., (Antiangiogenic-induced increase in tumor hypoxia in RCC and NSCLC human tumor xenografts and its selective targeting by the hypoxia-activated prodrug TH-302: a model for clinical exploration?) studied the hypothesis that TH-302 would exhibit enhanced efficacy in the context of an antiangiogenic-mediated increase in tumor hypoxia and potentiate the antitumor efficacy of the antiangiogenic. All combination therapy treatment groups (TH-302 plus sunitinib or sorafenib) exhibited superior efficacy compared to the corresponding monotherapy groups.

Poster A22, J.D.Sun et al., (Hypoxia-dependent antitumor activity of TH-302, a hypoxia-activated prodrug, in preclinical pancreatic xenograft models) supports the hypothesis that TH-302 and gemcitabine work in a complementary manner by targeting two distinct tumor compartments, thus adding support for hypoxic compartment selectivity of the mechanism of action of TH-302.

Sunitinib and sorafenib are multikinase antiangiogenic agents that are known to increase the degree and severity of hypoxia in tumors. TH-302 is a prodrug that is selectively activated by deep hypoxia. The experiments reported here demonstrate for the first time that TH-302 can enhance the activity and efficacy of both agents in translational preclinical cancer models and provide a strong rationale for evaluating combinations of TH-302 with anti-angiogenic agents in patients living with cancer.

Both posters will be presented today from 5:00 p.m.-7:00 p.m. PDT during Poster Session A. Copies of the posters may be obtained by calling the Company.

About Threshold Pharmaceuticals

Threshold is a biotechnology company focused on the discovery and development of drugs targeting Tumor Hypoxia, the low oxygen condition found in microenvironments of most solid tumors. This approach offers broad potential to treat most solid tumors. By selectively targeting tumor cells, we are building a pipeline of drugs that hold promise to be more effective and less toxic to healthy tissues than conventional anticancer drugs. For additional information, please visit our website (www.thresholdpharm.com).

Forward-Looking Statements

Except for statements of historical fact, the statements in this press release are forward-looking statements, including statements regarding the mechanism of action and anti-tumor activity of TH-302, pre-clinical study results and plans, and potential therapeutic uses and benefits of TH-302. These statements involve risks and uncertainties that can cause actual results to differ materially from those in such forward-looking statements. Potential risks and uncertainties include, but are not limited to, Threshold's ability to commence its anticipated clinical trials, the time and expense required to conduct such clinical trials and analyze data, the possibility that results from Threshold's clinical trials and pre-clinical studies will not be confirmed in subsequent trials, potential adverse side effects, issues arising in the regulatory or manufacturing process and the results of such clinical trials (including product safety issues and efficacy results). Further information regarding these and other risks is included under the heading "Risk Factors" in Threshold's Quarterly Report on Form 10-Q, which was filed with the Securities Exchange Commission on May 6, 2010 and is available from the SEC's website (www.sec.gov) and on our website (www.thresholdpharm.com) under the heading "Investors." We do not intend to update any forward-looking statement made in this news release.



            

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