DalCor Pharma Licenses a Late-Stage Investigational Cardiovascular Drug Following Major Scientific Discovery

MONTREAL, June 8, 2015 /PRNewswire/ --

New company DalCor to sponsor global phase III clinical trial  

DalCor Pharmaceuticals (DalCor) and the Montreal Heart Institute (MHI) announced today a collaboration in principle to conduct an international Phase III clinical trial which could result in a major clinical advance in cardiovascular personalised medicine.

The trial will seek to validate the clinical efficacy of dalcetrapib, an investigational medicine that according to a recently published analysis by the MHI could reduce cardiovascular morbidity and mortality by as much as 39% in patients with a documented recent Acute Coronary Syndrome and with the appropriate genetic profile. This Phase III clinical study will screen more than 30,000 patients across 30 countries in order to identify 5,000 patients having the appropriate genetic profile that is expected to benefit from dalcetrapib.

DalCor estimates that $250 million (USD) will be required to complete the project. MHI will be retained by DalCor as the lead academic Clinical Research Organization for the Phase III trial.  The trial will be conducted in collaboration with the Montreal Health Innovations Coordinating Centre (MHICC), a division of the MHI, and other international Contract Research Organizations.

Cardiovascular disease, including coronary atherosclerosis, is the leading cause of death in the world. Recent results published this past January by MHI researchers led by Drs Jean-Claude Tardif and Marie-Pierre Dubé in Circulation: Cardiovascular Genetics indicated that patients with certain genotypes exhibited a benefit in terms of reduced cardiovascular risk when treated with dalcetrapib as compared to placebo. "Our Dal-GenE study is prospectively testing dalcetrapib in patients with a documented recent acute coronary syndrome and a specific genetic profile," said Dr. Jean-Claude Tardif, Director of the Research Center at MHI, Professor of Medicine at the University of Montreal and holder of the Canada Research Chair in personalized medicine. Typically, precision therapy results in better patient outcomes combined with potential cost reductions. "As part of this project, DalCor also funds MHI to further investigate this investigational drug's activity and increase the potential of personalised medicine options for our patients beyond the scope of this initial Phase III trial," Dr Tardif added.

DalCor, a company developed by San Mateo, California-based Sanderling Ventures, LLC, has licensed dalcetrapib from Roche. DalCor is a part of a Sanderling program dedicated to help bolster the biomedical industry in Quebec. This program has plans to form as many as eight companies in Quebec, representing a potential investment of more than $500 million (USD). "DalCor is the fifth new company to be formed in Quebec by Sanderling Ventures since September 2013 representing a major portion of our investment strategy for Quebec," stated Dr. Robert McNeil, Managing Director of Sanderling and DalCor's CEO. "MHI's recent new genetic discovery significantly improves the probability of a successful Phase III study. We are confident in the ability of MHI to lead this important international clinical trial."

About DalCor Pharmaceuticals 

DalCor is initially focused on cardiovascular drugs providing precision medicine to patients through identification of patient populations that derive clinical benefits. By integrating clinical and genetic insights, DalCor and its partners intend to deliver superior outcomes in clinical medicine while reducing cost for the healthcare system.

About the Montreal Heart Institute  

Founded in 1954 by Dr. Paul David, the Montreal Heart Institute constantly aims for the highest standards of excellence in the cardiovascular field through its leadership in clinical and basic research, ultra-specialized care, professional training and prevention. It is affiliated with the Université de Montréal.

About the Montreal Heart Institute Foundation 

The mission of the Montreal Heart Institute Foundation is to raise and administer funds to support the Institute's priority and innovative projects and help its fight against cardiovascular disease, the number-one cause of death worldwide. Since its creation in 1977, the Foundation has donated almost $200 million (CDN) to the Montreal Heart Institute.

About Sanderling Ventures 

Founded in 1979, Sanderling is among the oldest investment firms dedicated to building new life science and biomedical companies. Sanderling's unique approach combines a specialized investment focus with active management and long-term commitment to building sustainable important companies. The firm seeks to ensure the highest rates of return for its investors and the creation of sustainable new companies for the communities in which it invests. Since its inception, Sanderling has supported over 90 biomedical companies from very early stage start-ups, through commercial development, earning consistently high rates of return on its venture investments.

Sanderling has built significant new companies from early stage technologies and has consistently brought these products to market, and achieved successful outcomes for both its portfolio companies and investors.

Information:  

Montreal Heart Institute
Lise Plante MBA
Communications and Marketing Director
Montreal Heart Institute Foundation
Phone: +1-514-376-3330, extension 3898 | lise.plante@icm-mhi.org
facebook.com/institutcardiologiemontreal | @ICMtl

DalCor Pharmaceuticals Inc.
Louise Proulx, Ph.D
Chief Development Officer
Phone: +1-514-564-6474, extension 221 |  lproulx@dalcorpharma.com
http://www.dalcorpharma.com

Sanderling Ventures
Charlotte Shropshire
Director of Institutional Investment
Phone: +1-650-401-2006 |  cshropshire@sanderling.com
http://www.sanderling.com