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Implicit Awarded US $16.3 Million U.S. Government Contract to Develop Immunomodulatory Drug for Biodefense Threats
Date:10/20/2007

BRISBANE, Australia and SEATTLE, Oct. 20 /PRNewswire-USNewswire/ -- Implicit Bioscience announced today that it has been awarded a US$16.34 million (AU$18.2million) contract payable over 37 months from the United States Defense Threat Reduction Agency (DTRA) to develop its clinical stage drug oglufanide disodium as a broad spectrum therapeutic for the treatment of a number of intracellularbacterial diseases.

Among these diseases is melioidosis which is the most common cause of death from bacterial pneumonia in Australia's Northern Territory and is endemic in South East Asia. The agent causing this disease is found in the soil of Australia's Top End, and is considered by US federal agencies to be a high priority threat to national security because it can be weaponized and results in high mortality rates. Researchers within the Infectious Diseases and Immunopathogenesis Research Group at Queensland's James Cook University working with Implicit scientists recently investigated the ability of oglufanide to protect against melioidosis in an animal model.

"With two clinical trials using oglufanide in hepatitis C patients in Brisbane and Melbourne already well underway, we are delighted to be able to contribute to international strategic security efforts, while sharing the cost of some common development tasks for our drug with the US government," said Garry Redlich, Implicit's CEO. "Contracts such as this serve to leverage our shareholder funds, while potentially providing the near term protection to front-line responders in a biothreat emergency."

As well as managing teams of researchers and clinicians in Brisbane, Implicit will subcontract academic, commercial and US military groups in Canada and the USA. The contract was awarded through the DTRA 2007 Transformational Medical Technologies Initiative (TMTI) program, whose mission is to protect the warfighter from conventional or genetically engineered biological threats, known or emergent, by acc
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SOURCE Implicit Bioscience
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