Human Genome Sciences Begins Delivery of First-in-Class Anthrax Treatment to U.S. Strategic National Stockpile
Delivery of 20,000 Doses of ABthrax Will Bring at Least $150 Million in Revenue to HGS
| Source: Human Genome Sciences, Inc.
ROCKVILLE, MD--(Marketwire - February 2, 2009) - Human Genome Sciences,
Inc. (NASDAQ : HGSI ) today announced that it has begun delivery of
20,000 doses of its human monoclonal antibody drug ABthrax™
(raxibacumab) to the U.S. Strategic National Stockpile for use in the
treatment of inhalation anthrax.
ABthrax is a first-in-class treatment for anthrax, and the first
procurement under Project BioShield of a product discovered and developed
after the September 11, 2001 terrorist attacks. It specifically targets
the deadly toxins released within the human body by Bacillus anthracis that
are the real culprits in anthrax-related deaths. ABthrax is being
developed under a contract entered into in 2006 with the Biomedical
Advanced Research and Development Authority (BARDA) of the Office of the
Assistant Secretary for Preparedness and Response (ASPR), U.S. Department
of Health and Human Services (HHS).
"We believe ABthrax offers a significant step forward in the treatment of
inhalation anthrax and could play an important role in strengthening
America's arsenal against bioterrorism," said H. Thomas Watkins, President
and Chief Executive Officer, HGS. "From a business perspective, this
announcement is strategically important for HGS, because it marks our
Company's first product sales. We expect to receive $150 million in
revenue soon after completion of our delivery to the Strategic National
Stockpile. We are pleased with the progress of our partnership with the
U.S. Government, which has resulted in this important milestone, and we are
hopeful that fulfillment of this initial order will result in a long-term
relationship involving additional deliveries of ABthrax to the Stockpile."
ABthrax represents a new way to address the anthrax threat. While
antibiotics can kill the anthrax bacteria, they are not effective against
the deadly toxins that the bacteria produce. ABthrax targets anthrax
toxins after they are released by the bacteria into the blood and tissues.
In an inhalation anthrax attack, people may not know they are infected with
anthrax until the toxins already are circulating in their blood, and it may
be too late for antibiotics alone to be effective.
"We are delighted to have fulfilled this important milestone under our
contract with the U.S. Government and we hope we are making a significant
contribution to our nation's security," said James H. Davis, Ph.D., J.D.,
Executive Vice President and General Counsel, HGS, and leader of the
Company's ABthrax program with the U.S. Government. "We are particularly
pleased with the relationship we have had with BARDA in the development of
ABthrax, and we look forward to continuing to work together."
For more information, please visit: http://www.firstlinemedia.com/epk/hgs.