Vertex, 
                InterMune, and Idenix Present Hepatitis C Drug Development Updates 
                at Investor Conference
              
              
                
                 
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                        | SUMMARY: 
                          At the 28th Annual J.P. Morgan Healthcare Conference, 
                          which took place January 11-14 in San Francisco, pharmaceutical 
                          and biotechnology companies presented updated information 
                          about their clinical development portfolios to potential 
                          investors. Among the presenters were 3 companies with 
                          directly targeted oral HCV drugs in the pipeline: Vertex 
                          Pharmaceuticals (telaprevir, 
                          VX-222), InterMune Inc. (RG7227 
                          [formerly known as ITMN-191], RG7128), 
                          and Idenix Pharmaceuticals (IDX184, 
                          IDX375, IDX320). |  |  |  | 
                 
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              Below 
                are edited excerpts from company press releases describing the 
                latest hepatitis C developments. Given that these presentations 
                were aimed at investors, information may be slanted so as to highlight 
                its financial implications. 
              Clinical 
                trial data for promising agents is expected to be presented by 
                researchers at upcoming medical conferences in the field, including 
                the annual meeting of the European Association for the Study of 
                the Liver (EASL 2010) in April, the Digestive Disease Week (DDW 
                2010) conference in May, and the American Association for the 
                Study of Liver Diseases' Liver Meeting (AASLD 2010) in late October.
              Vertex 
                Plans to Seek Approval of Telaprevir in Second Half of 2010
                
                Matthew Emmens, Chairman, President and Chief Executive Officer 
                of Vertex: "Phase 3 data for telaprevir, our lead drug candidate 
                for the treatment of hepatitis C virus infection, will begin to 
                emerge in the spring of 2010 to support the planned submission 
                of a New Drug Application in the second half of this year. Our 
                more than decade-long commitment to improving patient care in 
                HCV is unwavering, and the Phase 3 program for telaprevir will 
                remain our primary focus over the coming year. Importantly, we 
                also recognize the need for continued innovation in the treatment 
                of this disease, and we are preparing to initiate the first clinical 
                trial combining telaprevir with the investigational HCV polymerase 
                inhibitor VX-222 this quarter." 
                
                The hepatitis C program is part of a larger effort to become "a 
                fully-capable biopharmaceutical company," and Vertex is currently 
                working on or planning clinical trials for therapies for cystic 
                fibrosis, rheumatoid arthritis, and epilepsy.
                
                Phase 
                3 Registration Program for Telaprevir Nears Completion
                
                Sustained viral response (SVR) data expected from Phase 3 ADVANCE 
                trial in second quarter 2010 and from Phase 3 ILLUMINATE & 
                REALIZE trials in third quarter 2010
              
                 
                  |  | The 
                    ADVANCE, ILLUMINATE and REALIZE trials are evaluating telaprevir-based 
                    regimens as part of a global Phase 3 registration program 
                    in more than 2,200 genotype 1 treatment-naive and treatment-failure 
                    patients with HCV infection. | 
                 
                  |  | Vertex 
                    today announced that all patients in the ADVANCE and ILLUMINATE 
                    trials, which are evaluating telaprevir in treatment-naive 
                    patients, have completed dosing of all study drugs, including 
                    pegylated-interferon (peg-IFN) and ribavirin (RBV), and are 
                    now in the post-treatment follow-up period to determine the 
                    number of patients who achieve SVR (defined as undetectable 
                    HCV RNA 24 weeks after the end of treatment). Vertex expects 
                    SVR data to become available from ADVANCE in the second quarter 
                    of 2010 and from ILLUMINATE in the third quarter of 2010. | 
                 
                  |  | Vertex 
                    today also announced that all patients in the REALIZE trial, 
                    which is being conducted by Vertex's collaborator Tibotec 
                    and is evaluating telaprevir in patients who did not achieve 
                    SVR with a prior pegylated interferon-based treatment, are 
                    expected to complete dosing of all study drugs, including 
                    pegylated-interferon and ribavirin, by the end of January. 
                    Vertex expects SVR data to become available from REALIZE in 
                    the third quarter of 2010. | 
                 
                  |  | Vertex 
                    plans to submit a New Drug Application (NDA) for telaprevir 
                    in the second half of 2010 for both treatment-naive and treatment-failure 
                    patients. 
 | 
              
              Potential 
                Future Combination Regimens for HCV with Telaprevir and the HCV 
                Polymerase Inhibitor VX-222
              
                 
                  |  | Vertex 
                    recently completed a multiple-dose Phase 1b viral kinetic 
                    study of the investigational oral HCV polymerase inhibitor 
                    VX-222. Interim results from the trial are consistent with 
                    the findings of a previously-conducted three-day viral kinetic 
                    study and support future clinical evaluation of VX-222, including 
                    the initiation of the first clinical trial of VX-222 in combination 
                    with telaprevir. Additional results from this Phase 1b study 
                    of VX-222 are planned for presentation at a medical meeting 
                    in 2010. | 
                 
                  |  | Upon 
                    completion of ongoing discussions with regulatory authorities, 
                    Vertex plans to initiate a combination trial of telaprevir 
                    and VX-222 in the first quarter of 2010. This trial is expected 
                    to evaluate SVR rates using multiple regimens of telaprevir/VX-222-based 
                    therapy in HCV patients. | 
              
              The 
                full press release is available online.
                
                For more information about Vertex.
              InterMune 
                Provides 2010 Milestones for RG7227 (ITMN-191)
                
                Dan Welch, Chairman, Chief Executive Officer and President of 
                InterMune: "Today we reported preliminary, top-line results 
                from two cohorts of the Phase 1b, 15-day study of low-dose RG7227 
                co-administered with low-dose ritonavir and standard of care (SOC) 
                in patients with chronic HCV. The majority of patients given ritonavir 
                with 100 mg RG7227 twice-daily or 200 mg RG7227 once-daily were 
                HCV RNA negative at the end of therapy. The ritonavir-boosted 
                regimen provided a more favorable pharmacokinetic profile than 
                what has been previously observed for 900mg RG7227 administered 
                twice-daily with SOC but without ritonavir. In view of these data, 
                our plan is that the development of RG7227 will be in combination 
                with ritonavir." 
                
                 (RG7227): 
                Clinical Development Highlights and Recent Events 
                
                
                Enrollment began in August 2009 of the company's Phase 2b study 
                of RG7227 in combination with Pegasys) (pegylated interferon alfa-2a) 
                and Copegus (ribavirin), one of the options for the current standard 
                of care (SOC) in HCV. The Phase 2b trial was designed to study 
                both twice-daily (600mg and 900mg q12h) and three-times-daily 
                regimens (300mg q8h) and both 12-week and 24-week treatment durations. 
                On November 17, 2009, InterMune announced that three patients 
                in the blinded 900mg q12h dosage cohort experienced an ACTG Grade 
                4 elevation in ALT levels, one of whom experienced an elevation 
                of total bilirubin while also receiving concomitant allopurinol. 
                After their review of un-blinded data from these patients, the 
                study's independent Data Monitoring Committee (DMC) recommended 
                that the 900mg q12h cohort be discontinued and that all other 
                cohorts of the study continue. The companies accepted the DMC's 
                recommendations. Enrollment of all remaining cohorts was completed 
                in November of 2009.
              The 
                company reported top-line results of a Phase 1 study of ritonavir-boosted 
                RG7227 in healthy volunteers. Ritonavir is an antiviral compound 
                commonly used at low, sub-therapeutic doses to enhance or "boost" 
                the pharmacokinetic (PK) profiles of protease inhibitors. The 
                results of this study demonstrated that the co-administration 
                of low-dose ritonavir increased RG7227 concentration 12 hours 
                post dose by 18 times, with the effect on Cmin being roughly 6 
                times and 3 times greater than the effect on Cmax and AUC, respectively. 
                These results guided the selection of the substantially lower 
                doses of RG7227 investigated in the Phase 1b MAD study in HCV 
                patients. 
              The 
                company reported preliminary, top-line results of a Phase 1b multiple-ascending-dose 
                (MAD) study that was initiated in September 2009 to evaluate low 
                doses of once-daily and twice-daily RG7227 co-administered with 
                low-dose ritonavir in combination with SOC for 15 days in treatment-naive 
                HCV-infected patients. This study is examining the following three 
                dosage regimens of RG7227, each with SOC and 100 mg twice-daily 
                ritonavir: 100mg twice-daily RG7227; 200mg once-daily RG7227; 
                200mg twice-daily RG7227. Preliminary viral kinetic data from 
                the first two cohorts of this study indicate that in the presence 
                of SOC, the majority of patients achieved an undetectable level 
                of HCV RNA after 15 days of treatment. The pharmacokinetic profile 
                of ritonavir-boosted RG7227 was more favorable and less variable 
                than that observed in previously reported studies conducted with 
                much higher doses of un-boosted RG7227. No drug related serious 
                adverse events have been reported to date. The companies hope 
                to present the results from this study at a medical conference 
                in the first half of 2010.
              Based 
                upon these results, the company's plan is that the development 
                of RG7227 will be in combination with low-dose ritonavir. Accordingly, 
                the previously planned 24-week un-boosted part of the on-going 
                Phase 2b triple combination study will now be replaced with a 
                Phase 2b ritonavir-boosted study that is expected to begin in 
                Q3 of 2010. As a result of not conducting Part B of the Phase 
                2b study, the company will un-blind the Part A 12-week cohorts 
                earlier than originally planned and expects to provide both 4-week 
                RVR data and 12-week EVR data late in the first quarter or early 
                in the second quarter of 2010. In addition, the companies plan 
                to amend the on-going Phase 1b MAD 15-day ritonavir boosting study 
                to evaluate 12 weeks of RG7227 ritonavir-boosted therapy plus 
                SOC. 
                
                The 
                full press release is available online.
                
                For more information about InterMune, visit http://www.intermune.com.
                
                 
                Idenix Pharmaceuticals Highlights Progress in Three HCV Programs
                
                IDX184: Nucleotide HCV Polymerase Inhibitor
                
                The phase II clinical trial, initiated in the fourth quarter of 
                2009, is a randomized, double-blind, placebo-controlled, sequential 
                dose-escalation study evaluating the safety, tolerability, pharmacokinetics 
                and antiviral activity of IDX184 in combination with pegylated 
                interferon and ribavirin in treatment-naive HCV genotype 1-infected 
                patients. Patients will receive a daily dose of IDX184 or placebo 
                plus pegylated interferon and ribavirin for 14 days and then continue 
                on pegylated interferon and ribavirin for an additional 14 days. 
                Antiviral activity will be assessed at the 14-day and 28-day timepoints. 
                Four dosing regimens of IDX184 ranging from 50 to 200 mg per day 
                will be evaluated. In the 100 mg and 200 mg cohorts, QD and BID 
                regimens will be compared. Each cohort includes 20 patients randomized 
                4:1, IDX184:placebo. This study is being conducted at multiple 
                centers in the United States and Argentina.
              
                 
                  | Interim 
                      analysis of the first 10 patients randomized into the first 
                      cohort (50 mg QD): | 
                 
                  | Cohort | Median 
                      Changein HCV RNA
 (log10) at Day 14
 | Patients 
                      withUndetectable Viral
 Load at Day 14
 (<15 IU/mL)
 | 
                 
                  | 50 
                    mg/day IDX184 + PegIFN/Ribavirin (n=8)
 | -3.66 | 2 | 
                 
                  | Placebo 
                    + PegIFN/Ribavirin (n=2) | -1.70 | 0 | 
              
              Median 
                ALT and AST levels, markers of liver injury, improved during treatment. 
                There were no serious adverse events on treatment, no treatment 
                discontinuations and laboratory profiles were comparable to standard 
                PegIFN/Ribavirin treatment.
                
                "We are very encouraged by these interim data for IDX184 
                combined with pegylated interferon and ribavirin and look forward 
                to seeing additional data as the study progresses," said 
                Douglas Mayers, M.D., Idenix's executive vice president and chief 
                medical officer.
                
                IDX375: Non-Nucleoside HCV Polymerase Inhibitor
                
                A Phase I single ascending dose study evaluating the safety, tolerability 
                and pharmacokinetics of IDX375 in healthy volunteers is ongoing. 
                The first five cohorts (25 mg QD, 50 mg QD, 100 mg QD, 200 mg 
                QD and 200 mg BID; 6 active:2 placebo) in this double-blind, placebo-controlled 
                study have been completed. Data suggest favorable plasma exposure 
                of IDX375 with a long elimination half-life of 32-40 hours demonstrating 
                the potential for once- or twice-daily dosing in patients. IDX375 
                was generally safe and well tolerated. There were no significant 
                lab abnormalities. The most common adverse event was mild diarrhea 
                (3/30 subjects). Additional cohorts with higher single and multiple 
                doses are planned.
                
                IDX320: HCV Protease Inhibitor
                
                A Clinical Trial Application for a new protease inhibitor clinical 
                candidate, IDX320, was filed in December 2009. IDX320 is a non-covalent 
                macrocyclic inhibitor with nanomolar potency, broad genotypic 
                coverage and a favorable preclinical pharmacokinetic profile supporting 
                the potential for once-daily dosing in man.
                
                "We are pleased with these early data from our clinical programs 
                and look forward to their continued advancement throughout the 
                year," said Jean-Pierre Sommadossi, Ph.D., chairman and chief 
                executive officer of Idenix. "In addition, we are excited 
                about our new protease inhibitor clinical candidate, IDX320, and 
                expect to begin a phase I clinical trial soon. With three promising 
                clinical programs that span major HCV drug classes, Idenix is 
                well positioned to play an important role in the transformation 
                of the HCV treatment paradigm."
                
                The 
                full press release is available online.
              For 
                more information about Idenix, see www.idenix.com.
              1/22/10
              Sources
                
                Vertex. Vertex Reviews 2010 Business Priorities to Support Goal 
                of Becoming Fully-Capable Biopharmaceutical Company. Press release. 
                January 10, 2010.
                
                InterMune. InterMune Provides Program Update and 2010 Milestones 
                for RG7227 (ITMN-191). Press release. January 11, 2010.
                
                Idenix. Idenix Pharmaceuticals Highlights Progress in Three HCV 
                Programs. Press release. January 11, 2010.