defa14a
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
Proxy Statement Pursuant to Section 14(a) of the Securities
Exchange Act of 1934 (Amendment No. )
Filed by the Registrant þ
Filed by a Party other than the Registrant o
Check the appropriate box:
o Preliminary Proxy Statement
o Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))
o Definitive Proxy Statement
o Definitive Additional Materials
þ Soliciting Material Pursuant to §240.14a-11(c) or §240.14a-12
Biogen Idec Inc.
(Name of Registrant as Specified In Its Charter)
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
Payment of Filing Fee (Check the appropriate box):
þ No fee required.
o Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11.
|
(1) |
|
Title of each class of securities to which transaction applies: |
|
|
|
|
|
|
|
(2) |
|
Aggregate number of securities to which transaction applies: |
|
|
|
|
|
|
|
(3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act
Rule 0-11 (Set forth the amount on which the filing fee is calculated and state how it was
determined): |
|
|
|
|
|
|
|
(4) |
|
Proposed maximum aggregate value of transaction: |
|
|
|
|
|
|
|
(5) |
|
Total fee paid: |
|
|
|
|
|
o Fee paid previously with preliminary materials.
o Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and
identify the filing for which the offsetting fee was paid previously. Identify the previous filing
by registration statement number, or the Form or Schedule and the date of its filing.
|
(1) |
|
Amount Previously Paid: |
|
|
|
|
|
|
|
(2) |
|
Form, Schedule or Registration Statement No.: |
|
|
|
|
|
|
|
(3) |
|
Filing Party: |
|
|
|
|
|
|
|
(4) |
|
Date Filed: |
|
|
|
MEDIA CONTACTS: |
|
|
Biogen Idec
|
|
Elan |
Shannon Altimari
|
|
Jonathan Birt |
Ph: 617 914 6524
|
|
Ph: 212 850 5664 |
|
|
|
|
|
Elizabeth Headon |
|
|
Ph: + 353 1 498 0300 |
INVESTOR CONTACTS: |
|
|
Biogen Idec
|
|
Elan |
Eric Hoffman
|
|
Chris Burns |
Ph: 617 679 2812
|
|
Ph: + 353 1 709 4444
800 252 3526 |
BIOGEN IDEC AND ELAN PRESENT NEW
TYSABRIÒ
DATA AT THE 60th ANNUAL
MEETING OF THE AMERICAN ACADEMY OF NEUROLOGY
Approximately 26,000 Patients on Commercial and Clinical Therapy Worldwide
Additional Analyses Show TYSABRI Significantly Increased the Proportion of Multiple
Sclerosis (MS) Patients Who are Considered Disease Free for Over Two Years
Chicago, IL April 15, 2008 Biogen Idec (NASDAQ: BIIB) and Elan Corporation, plc (NYSE: ELN)
today announced new data on the global utilization, safety and overall patient exposure of
TYSABRI® (natalizumab). As of the end of March 2008, approximately 26,000 patients were
on commercial and clinical therapy worldwide with no cases of progressive multifocal
leukoencephalopathy (PML) reported since re-launch in the U.S. and launch internationally in July
2006. Growth in global utilization plus increasing confidence in the favorable benefit-risk
profile of TYSABRI indicate the companies are making great progress toward the goal of 100,000
patients on therapy by year-end 2010. These data were presented today at the 60th
Annual Meeting of the American Academy of Neurology (AAN).
These data suggest that neurologists and patients are increasingly choosing TYSABRI for the
treatment of their disease. The significant clinical benefits are established and TYSABRI
continues to offer the potential for compelling efficacy and hope for those patients living with
MS, said Michael Panzara, MD, MPH, Vice President and Chief Medical Officer, Neurology Strategic
Business Unit, Biogen Idec.
Positive outcomes for patients continue to support TYSABRIs strength as a valuable treatment for
multiple sclerosis patients in more than 30 countries around the world. We are also excited that
patients with Crohns Disease are now enrolling in the TOUCH program and beginning to receive
TYSABRI treatment in the U.S., said Gordon Francis, MD, Senior Vice President, Global Clinical
Development, Elan.
According to data available as of the end of March 2008:
|
|
In the U.S., approximately 15,300 patients were on TYSABRI therapy commercially and
approximately 2,750 physicians have prescribed the therapy; |
|
|
Outside of the U.S., more than 10,200 patients were on TYSABRI therapy commercially; |
|
|
In global clinical trials, more than 600 patients were on TYSABRI therapy; and |
|
|
There have been no cases of PML since re-launch in the US and launch internationally in
July 2006. |
Cumulatively, in the combined clinical trial and post-marketing settings:
|
|
More than 36,700 patients have been treated with TYSABRI; and |
|
|
Of those patients, over 9,900 have received at least one year of TYSABRI therapy and more
than 3,600 patients have been on therapy for 18 months or longer. |
TYSABRI is available in the U.S. through the TOUCH Prescribing Program. All U.S.
prescribers, infusion sites, and patients receiving TYSABRI are required to enroll in TOUCH.
Safety information is also collected through ongoing clinical trials and registries, including
TYGRIS and the pregnancy registry, making this the largest long-term patient follow-up effort
undertaken for any MS therapy.
The abstract for this study, Natalizumab Utilization and Safety in Patients with Relapsing
Multiple Sclerosis: Updated Results from TOUCH and TYGRIS (Presentation #S02.002), is
available online at the AANs Web site.
TYSABRI Increases the Proportion of MS Patients Considered Disease Free
Biogen Idec and Elan also announced today at the meeting that TYSABRI treatment
significantly increases the proportion of patients with MS considered to be disease free, according
to post-hoc analyses of the AFFIRM and SENTINEL clinical trials. The proportion of patients
considered disease free in the studies was determined based upon both clinical and MRI criteria.
In the studies, the proportion of patients considered disease free over two years was significantly
higher in the TYSABRI-treated group compared with the placebo group, regardless of how disease free
was defined.
Clinically, disease free was defined as no relapses and no progression of disability (as defined by
>1.0-point increase in Expanded Disability Status Scale (EDSS) score from a baseline
score of >1.0, or a >1.5-point increase from a baseline score of 0.0,
sustained for 12 weeks) over two years. MRI disease free was defined as no gadolinium-enhancing
lesions seen on annual MRI scans and no new or enlarging T2-hyperintense lesions over two years.
The ultimate goal of an MS treatment is to help patients remain symptom free for as long as
possible. These data show natalizumab may do just that as about one-third of patients were
shown to have no relapses, no disability progression and no new MRI markers. This is further
evidence that treatment with natalizumab can result in truly dramatic outcomes for a large group of
patients, said the studys lead author, Steven Galetta, MD, Professor of Neurology, University of
Pennsylvania School of Medicine.
In the AFFIRM trial, patients were randomized to receive TYSABRI or placebo, while in the SENTINEL
trial, randomized patients received TYSABRI plus interferon beta-1a or placebo plus interferon
beta-1a. Over a two-year period, patients were evaluated utilizing clinical criteria, MRI criteria
and combined criteria with both trials demonstrating TYSABRI treatment significantly increased the
proportions of patients considered disease free. Using clinical and MRI disease-free criteria
combined, a stringent definition of disease free, 36.7% and 31.7% of patients in the TYSABRI groups
were disease free compared with 7.2% and 10.9% given placebo in the AFFIRM and SENTINEL trials,
respectively. By individual criteria, TYSABRI benefit was also demonstrated using clinical
(AFFIRM: 64.3% vs. 38.9%; SENTINEL: 47.4% vs. 28.0%) and MRI definitions of disease free (AFFIRM:
57.7% vs. 14.2%; SENTINEL: 65.5% vs. 27.6%). In both studies, results were similar in patients
with highly-active and non-highly active MS.
The abstract for this study, Natalizumab Increases the Proportion of Patients Free of Clinical or
MRI Disease Activity in Relapsing Multiple Sclerosis (Poster #P02.156), is available online at the
AANs Web site.
About TOUCH and TYGRIS
Before initiating treatment, all U.S. patients, prescribers and infusion sites must be enrolled in
the TOUCH Prescribing Program (TYSABRI Outreach: Unified Commitment
to Health). TOUCH is designed to determine the incidence of and risk factors for serious
opportunistic infections (OIs), including PML, and to monitor patients for signs and symptoms of
PML while promoting informed benefit-risk discussions prior to initiating TYSABRI treatment.
Physicians report on PML, other serious OIs, deaths and discontinuation of therapy on an ongoing
basis.
TYGRIS (TYSABRI Global ObseRvation Program In Safety) is
expected to enroll 5,000 patients worldwide, including approximately
2,000 2,500 patients from
TOUCH. Patients in TYGRIS are evaluated at baseline and every six months thereafter for five
years. Researchers will evaluate data including medical/MS history; prior TYSABRI use; prior use of
immunomodulatory, antineoplastic, or immunosuppressive agents; and all serious adverse events,
including PML and other serious OIs and malignancies.
Adverse event reporting in the post-marketing setting is voluntary. It is possible that not all
reactions have been reported, or that some reactions are not reported to Biogen Idec or Elan in a
timely manner.
About TYSABRI
TYSABRI is a treatment approved for relapsing forms of MS in the United States and
relapsing-remitting MS in the European Union. According to data that have been published in the New
England Journal of Medicine, after two years, TYSABRI treatment led to a 68% relative reduction
(p<0.001) in the annualized relapse rate compared to placebo and reduced the relative risk of
disability progression by 42-54% (p<0.001).
TYSABRI was recently approved to induce and maintain clinical response and remission in adult
patients with moderately to severely active Crohns disease (CD) with evidence of inflammation who
have had an inadequate response to, or are unable to tolerate, conventional CD therapies and
inhibitors of TNF-alpha.
TYSABRI increases the risk of progressive multifocal leukoencephalopathy (PML), an opportunistic
viral infection of the brain that usually leads to death or severe disability. Other serious
adverse events that have occurred in TYSABRI-treated patients included hypersensitivity reactions
(e.g., anaphylaxis) and infections. Serious opportunistic and other atypical infections have been
observed in TYSABRI-treated patients, some of whom were receiving concurrent immunosuppressants.
Herpes infections were slightly more common in patients treated with TYSABRI. In MS and CD clinical
trials, the incidence and rate of other serious adverse events, including serious infections, were
similar in patients receiving TYSABRI and those receiving placebo. Common adverse events reported
in TYSABRI-treated MS patients include headache, fatigue, infusion reactions, urinary tract
infections, joint and limb pain and rash. Other common adverse events reported in TYSABRI-treated
CD patients include respiratory tract infections and nausea. Clinically significant liver injury
has been reported in patients treated with TYSABRI in the post-marketing setting.
TYSABRI is approved in more than 30 countries including the United States and many countries
throughout the European Union, as well as Switzerland, Canada, Australia, New Zealand and Israel.
For more information about TYSABRI please
visit www.tysabri.com, www.biogenidec.com or
www.elan.com or call 1-800-456-2255.
About Biogen Idec
Biogen Idec creates new standards of care in therapeutic areas with high unmet medical needs.
Founded in 1978, Biogen Idec is a global leader in the discovery, development, manufacturing and
commercialization of innovative therapies. Patients in more than 90 countries benefit from Biogen
Idecs significant products that address diseases such as lymphoma, multiple sclerosis, and
rheumatoid arthritis. For product labeling, press releases and additional information about the
company, please visit www.biogenidec.com.
About Elan
Elan Corporation, plc is a neuroscience-based biotechnology company committed to making a
difference in the lives of patients and their families by dedicating itself to bringing innovations
in science to fill significant unmet medical needs that continue to exist around the world. Elan
shares trade on the New York, London and Dublin Stock Exchanges. For additional information about
the company, please visit www.elan.com.
Safe Harbor/Forward-Looking Statements
This press release contains forward-looking statements regarding TYSABRI. These statements are
based on the companies current beliefs and expectations. The commercial potential of TYSABRI is
subject to a number of risks and uncertainties. Factors which could cause actual results to differ
materially from the companies current expectations include the risk that we may be unable to
adequately address concerns or questions raised by the FDA or other regulatory
authorities, that concerns may arise from additional data, that the incidence and/or risk of PML or
other opportunistic infections in patients treated with TYSABRI may be higher than observed in
clinical trials, that the companies may encounter other unexpected hurdles, or that new therapies
for MS with better efficacy or safety profiles or more convenient methods of administration are
introduced into the market. Drug development and commercialization involves a high degree of risk.
For more detailed information on the risks and uncertainties associated with the companies drug
development and other activities, see the periodic and current reports that Biogen Idec and Elan
have filed with the Securities and Exchange Commission. The companies assume no obligation to
update any forward-looking statements, whether as a result of new information, future events or
otherwise.
Biogen Idec Important Information
Biogen Idec and its directors, executive officers and other members of its management and employees
may be deemed to be participants in the solicitation of proxies from the stockholders of Biogen
Idec in connection with the Companys 2008 annual meeting of stockholders. Information concerning
the interests of participants in the solicitation of proxies will be included in any proxy
statement filed by Biogen Idec in connection with the Companys 2008 annual meeting of
stockholders. In addition, Biogen Idec files annual, quarterly and special reports with the
Securities and Exchange Commission (the SEC). The proxy statements and other reports, when
available, can be obtained free of charge at the SECs web site
at www.sec.gov or from Biogen Idec
at www.biogenidec.com. Biogen Idec stockholders are advised to read carefully any proxy statement
filed in connection with the Companys 2008 annual meeting of stockholders when it becomes
available before making any voting or investment decision. The Companys proxy statement will also
be available for free by writing to Biogen Idec Inc., 14 Cambridge Center, Cambridge, MA 02142. In
addition, copies of the proxy materials may be requested from our proxy solicitor, Innisfree M&A
Incorporated, by toll-free telephone at (877) 750-5836 or by e-mail at info@innisfreema.com.