Blood, Hemopure, Stock Market: Society Investments

by Maximus 14 Replies latest jw friends

  • Maximus
    Maximus

    Biopure Soars on Hemopure Trial Results

    NEW YORK (Reuters) - Biopure Corp. (Nasdaq:BPUR - news), a biotechnology company seeking to commercialize a substitute blood product, on Monday said a late-stage clinical trial showed the product is comparatively safe.

    The Phase III trial was conducted to determine whether the blood substitute, called Hemopure, met its "primary endpoint,'' which was to show that patients receiving the product were as safe as those receiving donated red blood cells.

    "This clinical milestone is an important step toward addressing the critical issue of blood availability on a worldwide basis,'' Carl Rausch, the company's chief executive, said in a statement.

    The news comes two weeks after Cambridge, Massachusetts-based Biopure was accused by online news site TheStreet.com of delaying and covering up negative trial results. The report sent the stock plummeting 11 percent. They soared $3.90, or 19.6 percent, to $23.80 in Monday morning trading on Nasdaq.

    In an interview, Rausch responded for the first time publicly to the accusations in TheStreet.com report, which said the company was trying to cover up the fact that some patients taking Hemopure suffered temporary renal failure and heightened blood pressure.

    "What we can say is that the incidence of these events was low in both groups,'' Rausch said. "There is no statistical significance to these events that we know of.''

    Hemopure is made from a protein derived from the red blood cells of cattle and chemically modified to be able to become an oxygen-bearing blood substitute in humans.

    ------------------------------------------------------------------------
    Biopure Soars on Hemopure Trial Results
    http://dailynews.yahoo.com/h/nm/20010827/bs/health_biopure_trial_dc_1.html

    Well, looks like the Society made a few more bucks today in the stock market, thanks to its investment in this company.

    What will be of real interest is the terminology of the final paragraph. Note the term a "protein" and the words "chemically modified" to become.

    Guess what religious organization has given Biopure marketing people the precise words to use so as to be more acceptable to its membership?

    Please note: products such as this do absolutely nothing for the kid with cancer who needs platelets prohibited by the Society. Neither do they do anything for trauma victims who may exsanguinate or bleed out following an accident. We delight in seeing this product continue its development, but we deplore the way it fits in with the Society's wrong-headed policy on blood.

    If you have followed the previous blood threads, you will know there will be more discussion to come.

    See also http://www.jwbloodreview.org

    Maximus

  • Stephanus
    Stephanus

    Has anyone got a list of the society's investments? Could be a lucrative way to wealth if one emulated this greatest of all investment firm's strategies!

    Is it just me, or has anyone else noticed how this organisation whose whole raison d'etre is one of an imminent end of all things secular has invested a whole lot in those secular things abiding for some time into the future?

  • larc
    larc

    Maximus,

    Maybe I am a little dense here, but how can JWs partake of reconstitued cows blood? I just don't get it. Maybe, Fred Hall will explain it to me.

  • Flip
    Flip
    Has anyone got a list of the society's investments? Could be a lucrative way to wealth if one emulated this greatest of all investment firm's strategies!

    Steve, Sometime ago I mentioned that the Kingdom Ministry should have section of WTB&TS recommended stocks and hot tips so Jehovah's Witnesses could likewise share in the bounty thus furthering Kingdom interests by accumulating wealth.

    Flip

  • hawkaw
    hawkaw

    Maximus,

    You and Lee Elder have brought this product and others like it to our attention. I thank you.

    I have yet to "get" snooping into this little group to see who owns what. I do know my way around stocks so I should take a peek.

    WRT to bleed outs you indicated henopure will not work in thse cases. Is that not what happened to that person in California? http://www.sacbee.com/news/news/old/local08_20000924.html Was he bleeding out and then received hemopure or did I get that wrong?

    It still amases me that they use "stored animal (cow/bovine) blood" and they may have killed the cows in the process to make this "hemoglobin based solution".

    Interesting that their report did say there were problems with the product in some rare cases.

    hawk ( http://www.biopure.com

  • hawkaw
    hawkaw

    Bipure's "spin on things is found at this url.

    ( http://www.corporate-ir.net/ireye/ir_site.zhtml?ticker=BPUR&script=410&layout=7&item_id=202758

    Biopure's Pivotal Phase III Clinical Trial of Hemopure(R) Meets Primary Safety and Efficacy Endpoints

    CAMBRIDGE, Mass., Aug. 27 /PRNewswire/ -- Biopure Corporation (Nasdaq: BPUR) today announced that the primary safety and efficacy endpoints were met in a pivotal Phase III clinical trial comparing the company's oxygen therapeutic Hemopure(R) [hemoglobin glutamer - 250 (bovine)], or HBOC-201, to allogeneic (donated) blood transfusion in patients undergoing elective orthopedic surgery. Statistical analyses of the trial data show that the overall medical risk to patients receiving Hemopure was no worse than the risk to patients receiving blood and that the majority of the Hemopure-treated patients totally avoided blood transfusion throughout the six-week study period.

    "These results are a win for the company because they meet the study endpoints previously agreed to by the Food and Drug Administration (FDA) and are supportive of our plan to file a marketing application this year," said Biopure Chairman and CEO Carl Rausch. "This clinical milestone is an important step toward addressing the critical issue of blood availability on a worldwide basis."

    Biopure is preparing the Phase III study report and is assembling an electronic biologic license application (eBLA), for perioperative use of Hemopure in patients undergoing elective surgery, based on data from the pivotal clinical trial and 19 other trials. This submission to the FDA will exceed 350,000 pages. The company plans to report further data from the pivotal trial in appropriate medical forums.

    Study Design of the Pivotal Phase III Trial

    The Phase III trial is a multinational, randomized, red blood cell controlled, single blind, parallel-group study designed to make clinical comparisons between Hemopure and allogeneic red blood cells. To ensure that only patients in need of immediate oxygen-carrying support were entered into the trial, 693 patients undergoing elective orthopedic surgery were randomized (1:1) to receive either Hemopure or allogeneic blood at the first transfusion decision. Of these patients, 350 received Hemopure, 338 received allogeneic blood and 5 patients were randomized but received no treatment. The intent- to-treat population used to evaluate the safety and efficacy of Hemopure included all 688 treated patients.

    Per the study design, patients randomized to the Hemopure group were to receive an initial dose of two units of Hemopure and, if needed, up to eight additional units within the next six days. Patients requiring transfusion outside of these parameters were subsequently administered allogeneic blood and were not included in the blood avoidance totals if they received even one unit of blood. Control group patients were to receive only standard transfusions of allogeneic blood.

    Primary Safety Objective

    The primary safety objective of the trial was that patients treated with Hemopure have outcomes no worse than patients treated with allogeneic red blood cells per statistical methodology previously agreed to by the FDA. Unlike most trials, which are based on a by-group analysis of adverse experiences, Biopure's pivotal trial is based on a by-patient analysis to assess the overall medical risk to patients receiving Hemopure versus donated blood.

    A statistical analysis of the study results shows that the trial results successfully meet the primary safety endpoint. This analysis was based on an independent safety endpoint evaluation committee's (SEEC) blinded review of each patient's case report form and medical records, including adverse and serious adverse experiences, vital signs, ECG results, clinical laboratory tests, and physical and neurological examination results. The role of this committee was to independently determine the intensity and cause of all reported adverse events and to assess the overall medical risk experienced by all patients in the trial.

    The 688 case records were divided among the 28 SEEC members. At least two physicians separately reviewed each case and provided their opinions in the form of numerical scores to a coordinator. If the two opinions differed, a third physician reviewed the case. In all cases, the SEEC reviewers were blinded to the treatment group (Hemopure or blood) and to the treating physician's classification of the seriousness, identity and cause of the reported adverse experiences.

    The SEEC was comprised of North American physicians with expertise in relevant medical specialties and experience in caring for patients following major surgery. All members either served on other data safety monitoring boards or participated in other pharmaceutical clinical trials prior to their membership on the SEEC. An independent contract research organization chose the SEEC members and coordinated the data review process without Biopure's knowledge of the physicians' identities. A second contract group conducted the statistical analysis of the SEEC scoring. This statistical analysis has been verified independently in triplicate.

    Primary Efficacy Objective

    The primary efficacy objective of the trial was the elimination of allogeneic red blood cell transfusions, at 42 days post surgery, in at least 35 percent of patients receiving Hemopure, with a lower 95 percent confidence limit greater than 30 percent. The study results show an avoidance of red blood cell transfusions in 96.3 percent of the Hemopure-treated patients on the day of surgery, 67 percent at one week post surgery and approximately 60 percent (59.4%) at 42 days post surgery. At the lower 95 percent confidence limit, the elimination rates were 94.3 percent, 62.1 percent and 54.2 percent, respectively. These efficacy results were computed using the Kaplan-Meier method, censoring for patients lost to follow-up.

    "On behalf of Biopure's directors and employees, I want to thank the company's loyal stockholders for their support during the pivotal trial and the intricate compilation and analysis of its results," said Mr. Rausch.

    Biopure Corporation

    Biopure Corporation, headquartered in Cambridge, Mass., is a leading developer, manufacturer and marketer of a new class of pharmaceuticals, called Oxygen Therapeutics(TM), which are intravenously administered to deliver oxygen to the body's tissues. Hemopure(R) [hemoglobin glutamer - 250 (bovine)], or HBOC-201, is approved in South Africa for use in adult surgery patients to treat acute anemia and eliminate, reduce or delay red blood cell transfusion. The company expects to file a marketing application for Hemopure in the United States in 2001, followed by an application in Europe in 2002, for perioperative use of the product in patients undergoing elective surgery. The product is also being developed for use in trauma, cancer and ischemic events such as heart attack and stroke. Oxyglobin(R) [hemoglobin glutamer - 200 (bovine)], the only product of its kind approved by the U.S. FDA and the European Commission, is commercially available in the United States, Germany, France and the United Kingdom for the treatment of anemia in dogs.

    Statements in this press release that are not strictly historical may be forward-looking statements. There can be no assurance that Biopure Corporation will be able to commercially develop its oxygen therapeutic products, that necessary regulatory approvals will be obtained, that any clinical trials will be successful, or that any approved product will find market acceptance. Actual results may differ from those projected in forward- looking statements due to risks and uncertainties that exist in the company's operations and business environment. These risks include, without limitation, the company's stage of product development, history of operating losses and accumulated deficits, and uncertainties related to clinical trials, regulatory approval, manufacturing and market acceptance. The company undertakes no obligation to release publicly the results of any revisions to these forward- looking statements to reflect events or circumstances arising after the date hereof. A full discussion of Biopure's operations and financial condition, and specific factors that could cause the company's actual performance to differ from current expectations, can be found on the company's Web site at www.biopure.com/corporate/legal/home_legal.htm and in the company's filings with the U.S. Securities and Exchange Commission, which can be accessed in the EDGAR database at the SEC Web site, www.sec.gov, or through the Investor section of Biopure's Web site, www.biopure.com.

    SOURCE Biopure Corporation

    CONTACT: Douglas Sayles, Director Corporate Communications of Biopure Corporation, +1-617-234-6826, [email protected]; or Jonathan Fassberg (investors) of The Trout Group, +1-212-477-9007 ext. 16; or Brad Miles (media) of BMC Communications, +1-212-477-9007 ext. 17/

    hawk

  • Maximus
    Maximus

    Looks like Biopure has been taking instructions from spin doctors.

    Please note the above wording: "a protein"

    What is it?

    "Each unit of Hemopure consists of 30 grams of hemoglobin that has been extracted from bovine red blood cells, ultra-purified, chemically cross-linked and formulated in 250 milliliters of a balanced salt solution. These stabilized, non-cellular hemoglobin molecules circulate in plasma (the fluid part of blood) when infused and are much smaller, have lower viscosity (resistance to flow) and more readily release oxygen to tissues than red blood cells." See http://www.biopure.com/oxy_therapeutics/home_oxyther.html

    No hocus pocus that transubstantiates a protein fraction into something else. It is HEMOGLOBIN.

    "Bovine" means COW.

    Bovine red blood cells means COW BLOOD.

    COW BLOOD that was not poured out on the ground and that had to be stored in some fashion.

    Is that inconsistent with your idea of policy, or what?

    Max

  • hawkaw
    hawkaw

    Maximus and others,

    Due to the importance of this issue and the "SPINNING" that is going on by Biopure, I have started another thread.

    ( http://www.jehovahs-witness.com/forum/thread.asp?id=10767&site=3

    Please, please, please read what TheStreet.com has to say and what they have uncovered.

    Biopure is going to have to change its name to "Biocontaminated" after Wall Street and a few others are done with them.

    hawk

  • SixofNine
    SixofNine
    Well, looks like the Society made a few more bucks today in the stock market, thanks to its investment in this company.

    Really?

  • philo
    philo

    OK so I'm obviously missing something.

    The circulation: there must be a pipe that runs from the cow, to the Hemopure plant, then to the hospital, and into the patients blood stream.

    But how does the blood get back to the cow?

    ROTFLOL

    philo

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