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MACUSIGHT INITIATES WET AMD STUDY

November 1, 2006

MacuSight has begun a Phase I study of its lead product candidate in patients with wet age-related macular degeneration (AMD). This trial, which will enroll a total of 30 patients, is designed to evaluate the safety and tolerability of MacuSight's proprietary formulation of sirolimus (rapamycin) when administered in various doses through two different types of ocular injections.

Investigators for this randomized, open-label, dose-escalation study will treat patients with a single subconjunctival (just under the lining layer over the white of the eye) or intravitreal (into the back of the eye) injection of MacuSight's sirolimus formulation. The trial will include six treatment arms with patients receiving one of three doses of sirolimus via subconjunctival injection or one of three doses of sirolimus via intravitreal injection. Each administration of sirolimus will provide the patient with exposure to the compound for up to approximately three months.

Sirolimus, originally known as rapamycin, is a highly potent, broad-acting compound that has demonstrated the ability to combat disease through multiple mechanisms of action including immunosuppressive, anti-angiogenic, anti-migratory, anti-proliferative, anti-fibrotic and anti-permeability activity. Based on the versatility associated with these multiple mechanisms of action, MacuSight believes that its sirolimus product may serve as a highly efficacious therapeutic for a wide range of ocular diseases and conditions, including the treatment and prevention of wet AMD, as well as the treatment of diabetic macular edema (DME). The company recently initiated a similar Phase I trial in patients with DME.