( BRISBANE Australia May 29 2007 /PRN...)Positive Final Data from HyCAMP Phase II Trial in Metastatic,Colorectal,Health

BRISBANE, Australia, May 29, 2007 /PRNewswire/ -- Phase II results exceed expectations - Alchemia prepares for FDA talks on HyCAMP(TM)

Australian drug development company Alchemia Limited will commence discussions with the US Food and Drug Administration (FDA) following the successful conclusion of the Phase II clinical trial of its metastatic colorectal cancer treatment, HyCAMP(TM).

The final data from the randomized Phase II clinical trial in 80 patients with metastatic colorectal cancer treated with HyCAMP(TM) versus Camptosar(R) shows:

    - HyCAMP(TM) exerted superior anti-cancer activity with a significantly

      greater number of patients with observed tumour responses


    - A statistically significant increase in 'time to treatment failure'

      demonstrating that HyCAMP(TM) patients were able to stay on treatment

      longer due to reduced toxicity and increased efficacy


    - A significantly longer period (+116%) of 'progression-free survival' for

      patients receiving HyCAMP(TM)*


    - Patients on HyCAMP(TM) were able to receive therapy for a median of

      three times longer than those receiving Camptosar(R)*


    - A clinically significant trend towards longer overall survival for

      patients receiving HyCAMP(TM)


    - HyCAMP(TM) patients received less doses of anti-diarrheal medication

      than Camptosar(R) patients


    - This data was announced to the ASX on April 26 2007

Alchemia Chief Executive Officer, Dr Peter Smith said, "The fact that we are seeing statistically significant improvements in efficacy end-points from such a small study is a reflection of the substantial increase in anti-tumour activity seen with HyCAMP(TM). Generally, much larger studies would be required to show such effects. This data is an exceptional validation of our HyACT(TM) drug delivery technology platform and its application to the treatment of cancer
'"/>