| Experimental 
HIV Maturation Inhibitor Bevirimat Demonstrates Good Antiviral Activity and Favorable 
Safety Profile By 
Liz Highleyman Different 
classes of antiretroviral drugs 
attack HIV at different stages of its lifecycle. The currently approved classes 
target HIV entry into cells (fusion and CCR5 inhibitors), integration of the viral 
genome (integrase inhibitors), copying of viral genetic material from RNA to DNA 
(reverse transcriptase inhibitors), and processing of viral proteins (protease 
inhibitors). The 
investigational drug bevirimat 
(formerly PA-457) is a maturation inhibitor that interferes with the assembly 
and budding of functional new viral particles that can infect additional CD4 cells. 
Specifically, it targets the HIV Gag capsid SP-1 cleavage site. Phase 2 bevirimat 
data were presented last week at the 48th International 
Conference on Antimicrobial Agents and Chemotherapy (ICAAC 2008) in Washington, 
DC A prior 10-day 
study showed that 200 mg once-daily bevirimat monotherapy produced a 1 log reduction 
in HIV viral load. A separate retrospective analysis showed that patients without 
key baseline Gag polymorphisms (mutations) at positions Q369, V370, or T371 were 
more likely to respond to bevirimat. Database screening indicated that about one-third 
of treatment-experienced HIV patients in North American and European carry at 
least 1 of the Gag polymorphisms associated with bevirimat resistance.  In 
the Phase 2 double-blind, randomized, dose-escalation study described at ICAAC 
(Study 203), 59 treatment-experienced patients with at least 1 primary resistance 
mutation received 14 days of bevirimat (n = 46) or placebo (n = 13) as functional 
monotherapy added to a failing background regimen. All had a viral load > 2000 
copies/mL at baseline. Participants 
initially received a 400 mg bevirimat tablet or placebo. After it was determined 
that the original tablet formulation had trouble delivering an adequate concentration 
of the drug, the study was modified and patients received liquid bevirimat at 
doses of 250, 300, 350, or 400 mg once-daily, or else placebo.  In 
a second stage of the study with an amended study design, 29 treatment-experienced 
and treatment-naive patients were prospectively screened for the key Gag mutations 
linked to bevirimat resistance, which were present in about half. All were treated 
with a 300 mg dose of liquid bevirimat or placebo for 14 days.  Most 
study participants (95%) were men, the mean age was 47 years, the baseline viral 
load was about 4.25 log10 copies/mL, and the baseline CD4 count was 319 cells/mm3 
in the bevirimat arms and 393 cells/mm3 in the placebo arms. Results 	
 
     In the initial stage of the study, log10 
viral load reductions at week 2 were as follows:
  
     Bevirimat 400 mg tablets: 0.36 log; 
     Bevirimat 250 mg liquid: 0.63 log;
  
     Bevirimat 300 mg liquid: 1.02 log;
  
     Bevirimat 350 mg liquid: 0.62 log;
  
     Bevirimat 400 mg liquid: 44 log;
  
     Placebo: 0.1 log.
  
 
     The mean CD4 cell increase was 20 cells/mm3 
in the combined bevirimat arms and 6 cells/mm3 in the placebo arm.
  
     All patients who received at least 250 
mg of liquid bevirimat achieved trough levels (lowest level between doses) greater 
than 20 mcg/mL.
 
  
     In the second stage, among patients treated 
with 300 mg liquid bevirimat, average viral load reduction were as follows:
 
  
 
     8 treatment-experienced patients with 
the key Gag polymorphisms: 0.65 log;
  
     10 treatment-experienced patients without 
key mutations: 1.10 log;
 
  
     9 treatment-naive patients: 1.04 log.
  
 
     About 90% of patients with bevirimat trough 
levels of at least 20 mcg/mL and without the key Gag mutations had viral load 
reductions of at least 0.5 log, including about 75% with > 1.0 log reduction 
(group mean 1.18 log).
  
     Overall, 65% of patients receiving bevirimat 
and 89% receiving placebo experienced at least 1 adverse event (AE).
 
  
     For patients in the bevirimat and placebo 
arms, respectively, the most common AEs were diarrhea (20% vs 38%), nausea (17% 
vs 15%), and headache (9% vs 23%); all were rated as mild.
 
  
     More patients taking bevirimat had elevated 
glucose (8% vs 0%), but more in the placebo arm had elevated triglycerides (7% 
vs 23%).
 
  
     7% of patients taking bevirimat had abnormal 
dreams and 3% experienced dizziness, compared with none in the placebo group.
 These 
findings led the study investigators to conclude, "Through 2 weeks bevirimat 
and placebo were similarly well tolerated, and responder patients with bevirimat 
troughs > 20 mcg/mL had a high magnitude viral load reduction." In 
a related 14-day pharmacokinetics/pharmacodynamics study, researchers found that 
bevirimat exhibited predictable and linear pharmacokinetics. They determined that 
the maximum antiviral effect of was observed at doses < 400 mg/day. 
 Based on these 
results Panacos Pharmaceuticals is planning Phase 3 clinical trials, most likely 
using a new lower-dose tablet formulation that appears to have better bioavailability, 
to confirm the utility of bevirimat in treatment-experienced HIV patients.  In 
addition, Panacos last week announced data from another trial (Study 204) in which 
participants received 200 mg or 300 mg twice-daily bevirimat using a 50 mg tablet. 
An excerpt from the company's recent press release is reprinted below: | Panacos 
Announces Preliminary Resultsof Bevirimat Study 204
 Results 
confirm bevirimat tablet formulation dosed twice daily achieves target plasma 
levels Watertown, 
Mass. -- October 27, 2008 -- Panacos Pharmaceuticals, Inc. (NASDAQ: PANC) announced 
today the bevirimat Study 204 achieved its primary objective by demonstrating 
bevirimat plasma levels in HIV-positive patients to be in a target range for virologic 
reduction. Bevirimat is a novel HIV-1 Gag maturation inhibitor in Phase 2b testing, 
and the data from the successful completion of this study will be used to optimize 
the bevirimat tablet dose for future Phase 2 as well as Phase 3 registration trials. After 
14 days of bevirimat treatment given twice daily [BID] at doses of 200 mg or 300 
mg (using the 50 mg tablet), 100% of 32 treatment-naive and treatment-experienced 
patients in Study 204 had bevirimat plasma concentrations well above the previously 
identified minimum target of 20 mcg/mL. In addition, bevirimat's safety profile 
was comparable to earlier studies where it had been indistinguishable from placebo. Taken 
in combination with the recent bioavailability data from Study 114, which utilized 
the newly developed 100 mg tablets, these findings from Study 204 indicate that 
upcoming Phase 2 and Phase 3 registration trials will utilize a convenient patient-friendly 
bevirimat formulation that consistently attains plasma levels in a desirable range. "Study 
204 was an important clinical milestone for Panacos and validated that twice daily 
dosing with a tablet formulation is a viable option to bring our patients to plasma 
levels well above the previously established target concentration required to 
have a treatment response. In addition, the short-term safety profile remains 
very encouraging and is similar to earlier studies, comparable to placebo. All 
of the data generated to date consistently point to the value of bevirimat as 
a useful component of antiviral drug regimens for people living with HIV," 
stated Alan W. Dunton, MD, President and Chief Executive of Panacos. "We 
plan to initiate Study 205, our extended-duration trial of bevirimat in 100 mg 
tablets, in the first half of 2009." Study 
204 was a 14-day trial in 32 HIV patients (26 treatment-naive and 6 treatment-experienced) 
conducted in Australia. Patients received bevirimat 50 mg tablet doses of either 
200 mg or 300 mg given twice a day for 14 days. Patients were not screened for 
inclusion based on the presence or absence of Gag polymorphisms, although this 
data was collected. The primary endpoint of the study was pharmacokinetics (i.e., 
Cmin, the level of bevirimat measured at Day 14 in blood plasma). Viral load also 
was measured. Patients who wished to continue treatment after Day 14 and include 
bevirimat in their optimized regimen were given that option, if they had achieved 
a 0.5 log10 viral load reduction after 2 weeks of bevirimat monotherapy. As 
noted, bevirimat was well-tolerated with the rate and type of adverse events similar 
to earlier studies. There were no serious adverse events and no adverse event-related 
discontinuations. Bevirimat 
was well absorbed; all 32 patients exceeded the minimum target plasma concentration 
of 20 mcg/mL. Patients receiving 200 mg BID had a mean Cmin of 47 mcg/mL, and 
patients receiving 300 mg BID had a mean Cmin of 74 mcg/mL. In 
the 26 treatment-naive patients, the mean viral load reduction was -0.74 log10 
copies/mL, with individual responses up to -2.05 log10 copies/mL. In the treatment-naive 
patients who were free of Gag polymorphisms at positions 369, 370 or 371 (which 
the company has determined to be the predictors of response to bevirimat), the 
mean viral load reduction was -0.93 log10 copies/mL. In the treatment-naive patients 
with Gag polymorphisms at one or more of these three positions, the mean viral 
load reduction was -0.60 log10 copies/mL. These results continue to support the 
use of Gag polymorphisms to determine response to bevirimat, and the company plans 
to refine this genotyping approach further. In 
the six treatment-experienced patients, the virologic data are not being included 
in the overall analysis because they stopped their prior treatment regimen just 
three days before beginning bevirimat monotherapy treatment, which resulted in 
highly variable viral load dynamics. Their data are being used for safety and 
pharmacokinetic analysis. Based 
on a review of three independent North American and European patient data sets 
comprising 1,034 HIV-positive patients, 62% of patients are free of baseline Gag 
polymorphisms at codons 369, 370 or 371. While only 14 of the 32 patients in Study 
204 from four clinics in Sydney, Australia, were free of these same polymorphisms, 
this does not significantly impact the growing database being used to assess the 
prevalence of Gag polymorphisms worldwide. Panacos' 
Development Programs Panacos' 
lead compound, bevirimat (PA-457), is the first in the new class of HIV drugs 
under development called maturation inhibitors, discovered by Company scientists 
and their academic collaborators. Bevirimat is designed to have potent activity 
against a broad range of HIV strains, and studies have shown bevirimat is a potent 
inhibitor of HIV isolates that are resistant to currently approved drugs. Panacos 
has completed 15 clinical studies with bevirimat in nearly 650 patients and healthy 
volunteers, showing significant reductions in viral load in HIV-infected patients 
and a promising safety profile. It is currently in Phase 2b clinical studies. 
The company previously determined the optimal dose range of bevirimat and identified 
patient response predictors to bevirimat, which now have been confirmed in multiple 
laboratory analyses and the prospective study. Panacos has recently developed 
a tablet formulation of bevirimat that demonstrates bioavailability and pharmacokinetics 
comparable to that of the previous solution formulation (Study 114). The company 
completed its Phase 2b study of bevirimat (Study 204) that confirmed an optimal 
dose can be achieved with a twice daily dose of bevirimat tablets. Efficacy and 
additional safety obtained from Study 204 support the 100 mg bevirimat tablet 
formulation should be studied further in HIV patients. In 
addition to bevirimat, the Company has a second-generation program in HIV maturation 
inhibition that includes compounds with activity against HIV containing Gag polymorphisms. 
Panacos has also selected a lead compound, PA-161, for preclinical development 
in its oral HIV fusion inhibitor program. For 
more information, visit www.panacos.com | 
 11/04/08 References J 
Lalezari; S McCallister, M Gigliotti, and others. A Phase 2 Safety and Efficacy 
Study of Bevirimat (BVM) in Heavily Treatment Experienced HIV+ Patients Identifies 
the Target Phase 3 Study Profile. 48th International Conference on Antimicrobial 
Agents and Chemotherapy (ICAAC 2008). Washington, DC. October 25-28, 2008. Abstract 
H-891. DE Martin, 
l Wang-Smith, EP Acosta, and others. Pharmacokinetics/ Pharmacodynamics of Bevirimat 
(BVM) in a 14-Day Functional Monotherapy Trial in HIV-Infected Patients. Abstract 
A-954. Other 
sourcePanacos Pharmaceuticals. Panacos Announces Preliminary Results of 
Bevirimat Study 204. Press release. October 27, 2008.
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