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November 24, 2008

Poniard Pharmaceuticals Taps Baxter Oncology for Commercial Supply of Picoplatin

  • Poniard Pharmaceuticals contracted with Baxter Oncology for the commercial manufacture and supply of injectable picoplatin drug product. Poniard is developing picoplatin, its lead product candidate, as a potential new platform product for the treatment of solid tumors. The company is evaluating picoplatin in four clinical trials, including an ongoing pivotal Phase III trial in small-cell lung cancer, Phase II trials in colorectal and prostate cancers, and a Phase I trial of an oral formulation.

    Earlier this year, Poniard entered into an agreement with W. C. Heraeus to manufacture picoplatin active pharmaceutical ingredient (API) and be ready to ship commercial quantities of picoplatin by 2009. Heraeus is the current manufacturer of picoplatin API for the company's four ongoing clinical trials.