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PIPELINE

CovX-Bodies have potential applications in a wide range of therapeutic areas. The company has generated a product pipeline and CovX scientists have validated CovX-Bodies against multiple targets in in vivo and in vitro models in a variety of therapeutic areas. CovX’s pipeline is initially focused on well-defined targets which inhibit tumor angiogenesis and modulate metabolic disorders.

CVX-045:  A THROMBOSPONDIN-1 MIMETIC COVX-BODY 

CVX-045 is a proprietary long-lasting Thrombospondin-1 ("TSP-1") mimetic CovX-Body that has shown compelling preclinical efficacy in multiple xenograft models. CVX-045 is a fusion protein composed of two TSP-1 mimetic peptides covalently bonded to CovX’s unique antibody scaffold via a proprietary linker. With an IND approval date of January 22, 2007, an open label dose escalation Phase 1 trial started at three U.S. centers in February 2007.

TSP-1 is a negative regulator of angiogenesis that has gained increasing attention as a therapeutic target within oncology. Exciting preclinical data for CovX’s TSP-1 mimetic therapeutic (CVX-045) provides a clear rationale for development in human clinical trials. CVX-045 has the potential to define and dominate a class of anti-angiogenic therapeutics outside of the VEGF arena, providing substantial benefits when applied to combination therapy and VEGF resistant tumors.  

CVX-060:  A SELECTIVE ANGIOPOIETIN-2 ANTAGONIST COVX-BODY

CVX-060 is a proprietary long-lasting CovX-Body that exquisitely binds Angiopoietin-2 ("Ang2") and has the potential
to be a best-of-class anti-angiogenic therapeutic.  CVX-060 is the fusion of two Ang2 sequestering peptides incorporating a linker with CovX’s proprietary antibody.  The IND for CVX-060 was approved on October 19, 2007 and
a Phase 1 clinical trial is expected to start enrolling in the fourth quarter 2007. 

There is a growing body of evidence that supports the role of Ang2 in angiogenesis.  Over-expression of Ang2 is known to assist in the mediation of angiogenesis and correlates with a poor prognosis in many solid tumors. There is also increasing evidence that Ang2 plays an important role in liquid tumors. CVX-060 has strong in vitro binding, in vivo efficacy, in vivo pharmacokinetic properties, and a high selectivity of Ang2 over Ang1.

CVX-060 substantially inhibits tumor growth and microvascular formation in xenograft models and is particularly effective when dosed in combination with either traditional cytotoxics or molecularly targeted agents such as Avastin™.

CVX-096: A LONG-ACTING GLP-1 MIMETIC COVX-BODY

CovX has completed extensive preclinical work on GLP-1 and exendin peptides using the CovX-Body technology. Our lead candidate, CVX-096, has demonstrated clear superiority via a 66 hour intravenous half life in rodents, high potency and excellent subcutaneous bioavailability.

 

We expect to initiate formal toxicology studies in the fourth quarter of 2007 and file an IND in the second half of 2008. Attractive profit margins are made possible by a low cost of goods. Furthermore, many clinical and manufacturing risks have been removed by virtue of our more advanced clinical programs – as all CovX-Bodies use the same scaffold antibody.