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Intarcia and Quintiles Sign Letter of Intent for Innovative Global Collaboration to Advance ITCA 650 in Type 2 Diabetes
Date:10/21/2011

HAYWARD, Calif., Oct. 21, 2011 /PRNewswire/ -- Intarcia Therapeutics, Inc. today announced the signing of a letter of intent with Quintiles, the world's leading biopharmaceutical services company, to collaborate on the global Phase 3 program for Intarcia's ITCA 650 (DUROS® subcutaneous continuous delivery of exenatide). The program aims to demonstrate multiple advancements in GLP-1 therapy to better address the unmet needs of the almost 350 million people worldwide suffering from Type 2 diabetes – a debilitating and deadly disease. ITCA 650 utilizes a matchstick-size, subcutaneous mini-pump that allows smooth continuous delivery of exenatide from a once-yearly placement. This novel delivery of GLP-1 therapy has been shown to improve HbA1c, weight loss, tolerability and also virtually ensures patient compliance and adherence. By improving the clinical profile and removing the self-injection barrier to use, ITCA 650 would also hold promising potential for use in earlier lines of therapy.

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Upon execution of the definitive agreement, Quintiles will initiate a global Phase 3 program including the six clinical studies that will form the basis of international regulatory submissions. This alliance is the first of a planned two-step partnering strategy, as Intarcia finalizes its late-stage discussions with global pharma companies in the diabetes field. This will form a unique and powerful three-way alliance dedicated to the development and commercialization of ITCA 650 around the world.

"The prospect of a once-yearly, improved GLP-1 therapy could be a game-changer in one of the industry's largest and most rapidly growing therapeutic categories," said Kurt Graves, Executive Chairman of Intarcia's Board of Directors. "P
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SOURCE Intarcia Therapeutics, Inc.
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