Pegylated 
                  Interferon Lambda Boosts Response with Few Side Effects
                
                   
                    | SUMMARY: 
                      Hepatitis C patients taking an experimental interferon formulation 
                      -- pegylated interferon lambda -- had higher rates of rapid 
                      and early virological response, with fewer flu-like symptoms 
                      and blood cell deficiencies, according to a report at EASL 
                      2011. | 
                
                Current 
                  standard therapy for chronic hepatitis 
                  C virus (HCV) infection, pegylated 
                  interferon alfa (Pegasys or PegIntron) plus ribavirin, cures 
                  only about half of people with hard-to-treat HCV genotype 1 
                  and can cause difficult side effects including flu-like symptoms, 
                  depression, and loss of red and white blood cells (anemia and 
                  neutropenia, respectively).
                Interferon 
                  lambda is a cytokine (chemical messenger) produced by immune 
                  cells in response to viral infection; as a type III interferon, 
                  it uses a different signalling pathway than type I interferons 
                  such as interferon alfa. Because interferon lambda uses a receptor 
                  present on fewer types of cells, it is predicted to have better 
                  tolerability.
                At 
                  the European Association for the Study of the Liver's International 
                  Liver Congress (EASL 2011) last week 
                  in Berlin researchers presented findings from a Phase 2b trial 
                  comparing pegylated interferon lambda vs pegyalted interferon 
                  alfa in more than 500 chronic hepatitis C patients with various 
                  HCV genotypes.
                Below 
                  is an edited excerpt from a press release issued by interferon 
                  lambda develop Bristol-Myers Squibb describing the study and 
                  its findings.
                Investigational 
                  Compound PEG-Interferon Lambda Achieved Higher Response Rates 
                  with Fewer Flu-Like and Musculoskeletal Symptoms and Cytopenias 
                  Than PEG-Interferon Alfa in Phase IIb Study of 526 Treatment-Naive 
                  Hepatitis C Patients
                
                   
                    |  | Higher 
                      virologic response rates achieved at 4 weeks (RVR) and maintained 
                      through 12 weeks of treatment (cEVR) across all genotypes 
                      studied | 
                   
                    |  | Data 
                      presented at The International Liver Congress in Berlin | 
                
                Princeton, 
                  N.J. -- April 2, 2011 -- Bristol-Myers Squibb Company (NYSE: 
                  BMY) today announced results from the Phase IIb EMERGE clinical 
                  trial, in which treatment with the investigational compound 
                  PEG-Interferon lambda and ribavirin achieved higher rates of 
                  rapid virologic response (RVR) [undetectable viral load (HCV 
                  RNA <25 IU/mL) at week 4] in genotypes 1, 2, 3, and 4, and 
                  complete early virologic response (cEVR) [undetectable viral 
                  load at week 12] in genotypes 1 and 4 than the standard regimen 
                  of PEG-Interferon alfa and ribavirin in treatment-naive patients 
                  chronically infected with hepatitis C (HCV). 
                  
                  In this study, there were fewer flu-like and musculoskeletal 
                  symptoms and cytopenia [blood cell deficiency], as well as fewer 
                  interferon and ribavirin dose reductions for anemia in the PEG-Interferon 
                  lambda arms up to 12 weeks. Rates of serious adverse events, 
                  depression and other common adverse events (incidence > 
                  10%) were similar across treatment arms up to week 12. 
                  
                  The EMERGE study findings were presented in a late-breaker oral 
                  session at the International Liver Congress (ILC), the 46th 
                  annual meeting of the European Association for the Study of 
                  the Liver (EASL) in Berlin, Germany. 
                  
                  "There is a significant unmet medical need for more therapies 
                  that can benefit more hepatitis C patients. This is especially 
                  true for patients with HCV genotypes 1 and 4, who generally 
                  have lower response rates to treatment with PEG-Interferon alfa 
                  and ribavirin than patients with other genotypes," said 
                  Stefan Zeuzem, MD, chief of the department of medicine and professor 
                  of medicine at the Johann Wolfgang Goethe University Hospital 
                  in Frankfurt, Germany. "The EMERGE study results demonstrate 
                  that PEG-Interferon lambda may have the potential to help address 
                  this unmet need, and support further studies of this new type 
                  of investigational interferon." 
                  
                  PEG-Interferon lambda is the first investigational type III 
                  interferon. Interferon lambda mediates antiviral activity through 
                  a receptor that is distinct from that used by interferon alfa 
                  and is present on fewer cell types within the tissues of the 
                  body. This restricted distribution of the interferon lambda 
                  receptor offers the potential for more targeted delivery of 
                  interferon therapy. 
                  
                  Study Results 
                  
                  Viral Response: HCV Genotypes 1 and 4 
                  
                  In this study, HCV genotype 1 and 4 patients treated with PEG-Interferon 
                  lambda achieved statistically significant (p<0.05) higher 
                  rates of cEVR (primary study endpoint) versus PEG-Interferon 
                  alfa at all doses [lambda 240 mcg: 56.3% (n=103), lambda 180 
                  mcg: 55.9% (n=102), lambda 120 mcg: 55.0% (n=100) vs. alfa: 
                  37.9% (n=103)]. These statistically significant (p<0.05) 
                  higher viral response rates were seen as early as four weeks 
                  of treatment, with greater rates of RVR at the two higher doses 
                  of PEG-Interferon lambda (lambda 240 mcg: 16.5%, lambda 180 
                  mcg: 14.7%, lambda 120 mcg: 6.0% vs. alfa: 5.8%). 
                  
                  Viral Response: HCV Genotypes 2 and 3 
                  
                  In patients with HCV genotypes 2 and 3, treatment with all doses 
                  of PEG-Interferon lambda achieved cEVR rates similar to PEG-Interferon 
                  alfa [lambda 240 mcg: 83.3% (n=30), lambda 180 mcg: 96.6% (n=29), 
                  lambda 120 mcg: 90% (n=30), and alfa: 86.2%, (n=29)]. Statistically 
                  significant (p<0.05) higher rates of RVR were achieved at 
                  the two higher doses of PEG-Interferon lambda (lambda 240 mcg: 
                  66.7%, lambda 180 mcg: 75.9%, lambda 120 mcg: 43.3% vs. alfa: 
                  31%). 
                  
                  Safety 
                  
                  In this study, rates of adverse events commonly associated with 
                  interferon treatment were lower with PEG-Interferon lambda than 
                  with PEG-Interferon alfa. These adverse events included flu-like 
                  symptoms (lambda 240 mcg: 9.7%; lambda 180 mcg: 9.9%; lambda 
                  120 mcg: 12.5%; alfa: 42.9%), musculoskeletal symptoms (lambda 
                  240 mcg: 14.2%; lambda 180 mcg: 14.5%; lambda 120 mcg: 18.0%; 
                  alfa: 46.6%), neutropenia < 750/mm3 (lambda 240 mcg: 0.0%; 
                  lambda 180 mcg: 0.8%; lambda 120 mcg: 0.0%; alfa: 15.2%), anemia 
                  with hemoglobin < 10 g/dL (lambda 240 mcg: 12.9%; lambda 
                  180 mcg: 15.4%; lambda 120 mcg: 20.5%; alfa: 43.9%.) and thrombocytopenia 
                  < 50K/mm3 (lambda 240 mcg: 0.0%; lambda 180 mcg: 0.0%; lambda 
                  120 mcg: 0.0%; alfa: 14.4%). 
                  
                  The proportion of patients that required interferon dose reductions 
                  were: lambda 240 mcg: 12.7%; lambda 180 mcg: 3.8%; lambda 120 
                  mcg: 0.8%; alfa: 18.8%, and the proportion of patients that 
                  withheld and/or reduced ribavirin were: lambda 240 mcg: 11.2%; 
                  lambda 180 mcg: 4.6%; lambda 120 mcg: 10.2%; alfa: 20.3%. The 
                  proportion of patients who required ribavirin dose reductions 
                  for anemia were: lambda 240 mcg: 0.7%; lambda 180 mcg: 1.5%; 
                  lambda 120 mcg: 2.3%; alfa: 12.8%. 
                  
                  Rates of serious adverse events, depression and other common 
                  adverse events (> 10%) were similar across treatment 
                  arms. Higher rates of elevated liver enzymes [AST or ALT >5x 
                  the upper limit of normal (ULN)] were seen in the highest-dose 
                  PEG-Interferon lambda treatment arm compared with PEG-Interferon 
                  alfa (lambda 240 mcg: 17.4%; lambda 180 mcg: 2.3%; lambda 120 
                  mcg: 0.8%; alfa: 7.6%), and direct bilirubin was also elevated 
                  (>1.2 mg/dL) in the highest-dose PEG-Interferon lambda treatment 
                  arm compared with PEG-Interferon alfa (lambda 240 mcg: 7.6%; 
                  lambda 180 mcg: 3.9%; lambda 120 mcg: 0.8%; alfa: 0.8%); all 
                  resolved spontaneously without sequelae or following interferon 
                  dose modification and/or discontinuation. 
                  
                  About the EMERGE Phase IIb Study 
                  
                  
                  The EMERGE study is a two-part, randomized, controlled, multicenter, 
                  phase II study of PEG-Interferon lambda in 526 treatment-naive 
                  patients with chronic hepatitis C genotype 1, 2, 3 or 4. Part 
                  one of EMERGE was a Phase IIa study, and results were previously 
                  presented at the American Association for the Study of Liver 
                  Diseases (AASLD) 2010 Liver Meeting. Part two of EMERGE is an 
                  ongoing, blinded Phase IIb study designed to evaluate the safety, 
                  efficacy, and pharmacokinetics of PEG-Interferon lambda vs. 
                  PEG-Interferon alfa, both in combination with ribavirin. The 
                  526 patients were randomized into four dose groups: PEG-Interferon 
                  lambda 240 mcg (n=134), PEG-Interferon lambda 180 mcg (n=131), 
                  PEG-Interferon lambda 120 mcg (n=128) and PEG-Interferon alfa 
                  180 mcg (n=133). 
                  
                  The study will continue for 48 weeks in genotype 1 and 4 patients 
                  and 24 weeks in genotype 2 and 3 patients. The primary endpoint 
                  of the study is the proportion of patients who achieve complete 
                  early virologic response (cEVR). 
                  
                  About PEG-Interferon lambda 
                  
                  PEG-Interferon lambda is the first investigational type III 
                  interferon in Phase IIb development for the treatment of hepatitis 
                  C. Native human interferon lambda proteins are generated by 
                  the immune system in response to viral infection, and signal 
                  through a different receptor than native human interferon alfa 
                  proteins. Lambda receptors are present on fewer cell types within 
                  the human body than alfa receptors. This restricted distribution 
                  of the interferon lambda receptor offers the potential for more 
                  targeted delivery of interferon therapy. 
                  
                  About Bristol-Myers Squibb 
                  
                  
                  Bristol-Myers Squibb is a global biopharmaceutical company whose 
                  mission is to discover, develop and deliver innovative medicines 
                  that help patients prevail over serious diseases. For more information, 
                  please visit http://www.bms.com 
                  or follow us on Twitter at http://twitter.com/bmsnews. 
                  
                  
                  4/5/11
                Reference
                  S Zeuzem, S Arora, B Bacon, et al. Pegylated interferon-lambda 
                  (pegIFN-[lambda]) shows superior viral response with improved 
                  safety and tolerability versus pegIFN-[alpha]-2a in HCV patients 
                  (G1/2/3/4): EMERGE phase IIb through week 12. 46th Annual Meeting 
                  of the European Association for the Study of the Liver (EASL 
                  2011). Berlin. March 30-April 3. Abstract 
                  422.
                  
                  Other Source
                  Bristol-Myers 
                  Squibb. Investigational Compound PEG-Interferon Lambda Achieved 
                  Higher Response Rates with Fewer Flu-Like and Musculoskeletal 
                  Symptoms and Cytopenias Than PEG-Interferon Alfa in Phase IIb 
                  Study of 526 Treatment-Naive Hepatitis C Patients. Press release. 
                  April 2, 2011.