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-   -   Opexa Cancels Tovaxin Clinical Trial (https://www.neurotalk.org/multiple-sclerosis/60689-opexa-cancels-tovaxin-clinical-trial.html)

tovaxin_lab_rat 11-24-2008 07:33 PM

Opexa Cancels Tovaxin Clinical Trial
 
Opexa filed a form 8K with the SEC today to cancel the open label clinical trial for Tovaxin. We have all been receiving phone calls today letting us know that due to lack of funding the clinical trial is over.

Guess it's back to square one for me and about 100 others....:(

Quote:

Form 8-K for OPEXA THERAPEUTICS, INC. 24-Nov-2008
Costs Associated with Exit or Disposal Activities

Item 2.05. Costs Associated with Exit or Disposal Activities On November 21, 2008, the board of directors of Opexa Therapeutics (the "Company") approved a restructuring plan to terminate the one-year open label extension of the TERMS Phase IIb Clinical Trial of Tovaxin� therapy for multiple sclerosis (OLTERMS). The trial was enrolled with patients that had previously completed one year in the TERMS, Tovaxin Phase IIb multi-center, randomized, double blind, placebo-controlled trial. The Company is terminating OLTERMS in order to focus all of its financial resources on completing clinical data analysis, future clinical trial planning and seeking a development partner for Tovaxin. As a result of these circumstances, the Company will immediately reduce its staff of 29 to approximately 10 people. Personnel-related restructuring charges of approximately $120,000 are expected to be incurred in the fourth quarter of 2008. Employees directly affected by the restructuring plan will be provided with severance payments and continuation of benefits. The Company is exploring its strategic alternatives, including a clinical development partnership, merger with or acquisition by another company, further restructuring of the Company, or sale of the Company's assets and liquidation of the Company.
The personnel-related restructuring charges that the Company expects to incur are subject to a number of assumptions and actual results may differ. The Company may also incur other material charges not currently contemplated due to the events that may occur as a result of, or associated with, the restructuring plan.
This Form 8-K contains forward-looking statements that are based on our management's current expectations, but actual results may differ materially due to various factors. There are significant risks and uncertainties in our operations including the lack of available capital and uncertainty regarding the restructuring costs. For additional information about the factors that affect our business, please see the company's latest Form 10-K filed March 18, 2008. The Company undertakes no duty to update forward-looking statements.

http://biz.yahoo.com/e/081124/opxa8-k.html

Jules A 11-24-2008 07:37 PM

How disappointing! :(

tovaxin_lab_rat 11-24-2008 07:40 PM

I don't even know what I am going to do at this point. The rug has just been pulled out from under me...all of us. We sort of saw it coming, but figured something would happen and funding would come. But guess not. It goes to show you what the press can do to a small pharma company.

SallyC 11-24-2008 08:12 PM

So Sorry, Cheryl. I hope something positive comes up for you.

Want some of my LDN?

barb02 11-24-2008 08:14 PM

IHow disappointing! I am so sorry to hear this. I know we were all so hopeful that it would be the one. I just want to say thank you for your participation, and hope you can figure out your next step.

tovaxin_lab_rat 11-24-2008 08:27 PM

Quote:

Originally Posted by SallyC (Post 413838)
So Sorry, Cheryl. I hope something positive comes up for you.

Want some of my LDN?

That's probably my next step...not sure what I am going to do. It was being discussed before this clinical trial came open and I qualified for it.

Just have to talk to my neuro...have a call in to her for tomorrow.

ewizabeth 11-24-2008 10:17 PM

You're just so awesome for taking part in this trial and putting so much into it. I'm sorry it ended. :(

:hug::hug::hug:

lady_express_44 11-24-2008 10:20 PM

:(

It's not "drug", so does it even need FDA approval to be marketed?

So, it just fades away as an option?

:(

Cherie

watsonsh 11-24-2008 10:24 PM

I am so sorry to hear that FG :(:hug:

tovaxin_lab_rat 11-24-2008 10:29 PM

Quote:

Originally Posted by lady_express_44 (Post 413902)
:(

It's not "drug", so does it even need FDA approval to be marketed?

So, it just fades away as an option?

:(

Cherie

Yes it does require FDA approval. It's a vaccine, a blood product, and thus FDA approval is required. Clinical trials are required. They have applied for a patent and who knows, if they get more funding, they could reapply and get approval to continue the Phase III open label trial.

NurseNancy 11-24-2008 10:40 PM

i'm sorry about this cheryl.
i hope you and your dr will come up with another option that helps you.

SandyC 11-24-2008 10:41 PM

Sorry to hear this. I hope your neuro is open to the LDN theory. Jim's doctor is investigating it as we speak. He has some neuro friends in Cali he's talking to.

Victor H 11-24-2008 11:04 PM

Now that just sucks.:mad:

I hope that something else comes your way fast.:hug:

-Vic

TwoKidsTwoCats 11-25-2008 12:11 AM

Wow. That just stinks they had to stop the trial. My neuro offered to get me enrolled in it. I just wasn't ready to take on all that was required for it. So I have followed your posts hoping this would offer more hope than we have seen with the others.

Cheryl, I hope they find something for you soon. :hug:

Twinkletoes 11-25-2008 01:47 AM

Awwww, (((Cheryl))), how disappointing for you. And all of us who were following your Tovaxin trial. I'm so sorry. :(

But at least now you can take drugs to relieve your cold symptoms, etc. I know you've really struggled with illness during this trial.

:hug::hug::hug:

Desinie 11-25-2008 08:50 AM

I'm sorry to hear this too, Cheryl. Hope your neuro's agreeable to the LDN.

soxmom 11-25-2008 09:19 AM

Im sorry Cheryl.:( :hug::hug:

tovaxin_lab_rat 11-25-2008 09:37 AM

Thanks everyone. It's going to be interesting for all of us. Especially those who were in the trial and not receiving the vaccine and who have just started the open label and have received at least two doses. I feel bad for everyone.

It's sad when a company is $200k short and these mismanaged big companies are getting bailout money....:o

Who knows the real story...anyway....I've got to stay positive. I've had too much negative in my life in the past couple of weeks.

tante 11-25-2008 09:40 AM

I know my reaction is unreasonable, but I was chilled and angered by the tone of the report that was filed.

I guess that it's focus had to be on costs and fiscal intentions, but if they could speak to the issue of severance and continuing benefits, why could they not address the realities faced by the 100 or so MS patients who have done so much to get their product this far, only to be dumped.

At least offer a word of recognition, of thanks, to the human "lab rats" they used.

Sorry for my grumble Cheryl, and even sorrier about your news.

:hug:

tovaxin_lab_rat 11-25-2008 09:44 AM

Quote:

Originally Posted by tante (Post 414093)
I know my reaction is unreasonable, but I was chilled and angered by the tone of the report that was filed.

I guess that it's focus had to be on costs and fiscal intentions, but if they could speak to the issue of severance and continuing benefits, why could they not address the realities faced by the 100 or so MS patients who have done so much to get their product this far, only to be dumped.

At least offer a word of recognition, of thanks, to the human "lab rats" they used.

Sorry for my grumble Cheryl, and even sorrier about your news.

:hug:

That's because Form 8K is only about fiscal issues. It's an SEC filing. But thanks for the thought. :D

We are all receiving phone calls from site coordinators who are compassionate and caring. At least I didn't have to talk to the one who has been following me who cannot answer any questions!!! That was the big plus!!!

lady_express_44 11-25-2008 11:10 AM

There is some recent good news about the trial to date though, so maybe they will eventually be able to turn things around:

"Opexa Therapeutics, Inc. announced additional positive data from the company's Phase IIb TERMS clinical trial (Tovaxin(R) for Early Relapsing Multiple Sclerosis).

The latest analysis focused on a prospective group of patients (n=50) with an annualized relapse rate (ARR) of greater than 1 at study entry which is comparable to ARR baselines of patients in previous Tovaxin studies. These findings demonstrate a statistically significant improvement in disability as measured by the Expanded Disability Status Scale (EDSS) (p=0.045) for patients treated with Tovaxin as compared to those receiving placebo. In this group, 28.1 percent of patients treated with Tovaxin showed an improvement in EDSS as compared to only 5.6 percent in the placebo group.

Additionally, there was an 88 percent reduction in the level of brain atrophy and a more than 20 percent reduction in the number of gadolinium (Gd) lesions progressing to black holes in the Tovaxin group, which may suggest a beneficial neuroprotective effect. Overall, the analysis shows that patients treated with Tovaxin demonstrated a benefit across all clinical and magnetic resonance imaging (MRI) endpoints (primary, secondary and tertiary) in this patient population.

...

http://www.msrc.co.uk/index.cfm?fuse...ow&pageid=1312 "

I agree with your point about the disadvantages of being a small company though, vs. the financial backing, experience, and resources of the large pharma's. :(

Cherie

tovaxin_lab_rat 11-25-2008 12:17 PM

From what I understand, there are many of us who did well on Tovaxin. I can attest to the fact that I personally did very well. I think just the ARR decline from 4 relapses prior to Tovaxin to 1 during the trial is significant.

If one were to factor in the $$ savings for the 3 less exacerbations per year, that alone is enough to get anyone's attention. That's 3 less IVSM infusions, 2 weeks x 3 for each infusion of time lost working (when you are self employed that's significant), let alone all the other collateral costs for medical care, medications, etc., that go along with an exacerbation.

The only thing that I have failed to notice any change in is fatigue. But that could be due to many things - B12 deficiency, stress, heat, working too much, stress, taking on a new business, stress. Did I mention stress? :(

I think Opexa marketing or press people could have done a better job of focusing on those of us who did well on the drug instead of allowing the press to focus on the one part of the data that was so insignficant that it ended up being a runaway train. :mad:

Just my thoughts....for what they are worth now...zip. :rolleyes:

Gazelle 11-25-2008 02:39 PM

Just got back from the birth of my new grandbaby and saw this. :hug: FG, that sucks.

Here's to finding something else. Let's see what you and your neuro come up with.

In the meantime, "Here's mud in your eye!"

tovaxin_lab_rat 11-25-2008 05:45 PM

Quote:

Originally Posted by Gazelle (Post 414241)
Just got back from the birth of my new grandbaby and saw this. :hug: FG, that sucks.

Here's to finding something else. Let's see what you and your neuro come up with.

In the meantime, "Here's mud in your eye!"

Congrats on the new grand daughter! :hug:

Right now we're doing 3 days of IVSM to get me out of this damn flare...then we go from here!

IVSM for Thanksgiving anyone!!

dmplaura 11-25-2008 08:28 PM

Wow, that is super crappy news. Sorry to hear about this :(

Taffy 11-25-2008 11:06 PM

Oh...CG a new baby...goo, goo...oh....I forgot...FG.....:eek:

You know what really burns me about this whole thing?

How am I going to get you to come over to this side of the world to see poor old Taffy?:(

:hug:

Guess I will be driving to Boise someday!

tovaxin_lab_rat 11-25-2008 11:44 PM

Quote:

Originally Posted by Taffy (Post 414456)
Oh...CG a new baby...goo, goo...oh....I forgot...FG.....:eek:

You know what really burns me about this whole thing?

How am I going to get you to come over to this side of the world to see poor old Taffy?:(

:hug:

Guess I will be driving to Boise someday!

Bribe me with mints...:D

You know I will come over there to see you! I came over there before the trial! :hug:

RedPenguins 11-26-2008 01:01 AM

Oh Cheryl, I am SO saddened to read this (especially on the heels of my posting about my good experience).

I cannot imagine the anger, frustration, fear, etc. that must be going on for you right now. It downright sucks.

Okay, I was more poignant the FIRST time that I wrote this post before my internet crashed....and of course, I can't remember what I wrote! Sorry.

I don't really have words to express my sadness and sorrow for what has happened. I hope you can find an equally positive or better treatment experience soon!!

If you need anything....I'm an email away.

~Keri

tovaxin_lab_rat 11-26-2008 10:14 AM

Quote:

Originally Posted by RedPenguins (Post 414487)
Oh Cheryl, I am SO saddened to read this (especially on the heels of my posting about my good experience).

I cannot imagine the anger, frustration, fear, etc. that must be going on for you right now. It downright sucks.

Okay, I was more poignant the FIRST time that I wrote this post before my internet crashed....and of course, I can't remember what I wrote! Sorry.

I don't really have words to express my sadness and sorrow for what has happened. I hope you can find an equally positive or better treatment experience soon!!

If you need anything....I'm an email away.

~Keri

Thanks Keri. It is a disappointment but hey! Life goes on...

;)

Once I get through this 3 day IVSM, I will be a little more positive about what's next...

MSCherokee 11-27-2008 07:48 AM

Cheryl,

I'm so sorry to hear about Tovaxin. I just saw my neuro on November 25 and he mentioned that he had been running a Tovaxin trial but was no longer involved - didn't mention the rest. :(

tovaxin_lab_rat 11-27-2008 02:28 PM

Quote:

Originally Posted by MSCherokee (Post 415247)
Cheryl,

I'm so sorry to hear about Tovaxin. I just saw my neuro on November 25 and he mentioned that he had been running a Tovaxin trial but was no longer involved - didn't mention the rest. :(

Now you know the rest of the story...sad but true.

:(

Judy2 11-29-2008 03:50 AM

Sorry to be late coming in here Cheryl, but wanted you to know that I sympathize with you. After going through so much of the trial so faithfully and enduring other physical problems, I can't imagine your frustration. Guess it's the same old problem going around these days.......money, money, money. Hope you feel better soon and be sure to keep LDN in mind.....it's cheap, cheap, cheap......and really seems to be slowing progression down, at least for me. Good luck!! :)

Koala77 11-29-2008 04:03 AM

Please forgive me for being late coming into this thread FG, but I've been a bit pre-occupied this week because my DH is in hospital.

I'm sorry to read that the trial has been cancelled through lack of funding, especially as you say you were doing well on the vaccine. That really is the pits when it's just mere money standing in the way of either a cure, or something that can alleviate the debilitating symptoms of MS.

As one ex-lab rat to another..... I thank you for giving it a try. No drugs would be available today if people like us didn't put ourselves through the wringer for the benefit of others.

Incase anyone is interested.... the drug trials for me were the interferons.... way back in the late 1970's / early 1980's, and those trials led to the ABC drugs that we now have on the market.

tovaxin_lab_rat 11-29-2008 02:14 PM

Quote:

Originally Posted by Judy (Post 416772)
Sorry to be late coming in here Cheryl, but wanted you to know that I sympathize with you. After going through so much of the trial so faithfully and enduring other physical problems, I can't imagine your frustration. Guess it's the same old problem going around these days.......money, money, money. Hope you feel better soon and be sure to keep LDN in mind.....it's cheap, cheap, cheap......and really seems to be slowing progression down, at least for me. Good luck!! :)

Thanks! I am just finishing 3 days of IVSM so will be having a follow up appt with my neuro soon to discuss future treatment...not sure what will be in the wind for me...

Quote:

Originally Posted by Koala77 (Post 416790)
Please forgive me for being late coming into this thread FG, but I've been a bit pre-occupied this week because my DH is in hospital.

I'm sorry to read that the trial has been cancelled through lack of funding, especially as you say you were doing well on the vaccine. That really is the pits when it's just mere money standing in the way of either a cure, or something that can alleviate the debilitating symptoms of MS.

As one ex-lab rat to another..... I thank you for giving it a try. No drugs would be available today if people like us didn't put ourselves through the wringer for the benefit of others.

Incase anyone is interested.... the drug trials for me were the interferons.... way back in the late 1970's / early 1980's, and those trials led to the ABC drugs that we now have on the market.

Us lab rats have to stick together! :hug:

You've had a lot on your plate later so no need to apologize!!! Not sure what is going to happen with the drug company but time will tell!

Thanks for your volunteer time as a lab rat as well! Fun times, huh?

Taffy 11-30-2008 11:03 AM

Dangling a bag of mints....I wonder if we can get that Princess to come up here again sometime?

Dangling a BOX of mints....:D

Natalie8 12-01-2008 10:04 PM

Hi Cheryl, I've been super busy and out of the country over the holidays so I just read your report. What really crappy news!!! :( and :mad:
That is just such a plain old bummer. Thanks though for being a lab rat for everyone--I know this whole trial has been ups and downs. Take care of yourself on the IVSM--hopefully you are feeling better soon.
:hug: :hug: :hug: :hug:

tovaxin_lab_rat 12-01-2008 10:10 PM

Quote:

Originally Posted by Natalie8 (Post 418022)
Hi Cheryl, I've been super busy and out of the country over the holidays so I just read your report. What really crappy news!!! :( and :mad:
That is just such a plain old bummer. Thanks though for being a lab rat for everyone--I know this whole trial has been ups and downs. Take care of yourself on the IVSM--hopefully you are feeling better soon.
:hug: :hug: :hug: :hug:

Thanks Natalie.

Doing the bruised body feeling right now after the 'roids...drinking lots of fluids but hey! I can hold a pencil again...there are ++'s to everything! :D

hollym 12-03-2008 10:53 AM

Sorry to read about this. I can't really think of anything brilliant or hopeful to say right now, but I do hope things look up for you soon.

watsonsh 12-03-2008 11:46 AM

Quote:

Originally Posted by Taffy (Post 417380)
Dangling a bag of mints....I wonder if we can get that Princess to come up here again sometime?

Dangling a BOX of mints....:D

Grabs mints and runs :eek:

I sure hope she meant this princess :D

Sorry about the hide yak FG but she started it

tovaxin_lab_rat 12-03-2008 02:11 PM

Quote:

Originally Posted by shelley (Post 418876)
Grabs mints and runs :eek:

I sure hope she meant this princess :D

Sorry about the hide yak FG but she started it

ha ha ha! What other "princess eats mints?"


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