|  |   Agouron's 
        AG3340Angiogenesis Inhibitor
 in Trials
May 7 '98. An experimental oral drug for cutting blood supply 
        to tumors will be tested in Phase II/III clinical trials including patients 
        with prostate cancer. This round of trials for the anti-cancer drug AG3340 
        was announced by the biotech company Agouron Pharmaceuticals Inc.AG3340 is defined as a matrix metalloprotease 
        inhibitor. In mice, the company says, the drug inhibits angiogenesis (formation 
        of new blood vessels which feed growing tumors). The drug appears to enhance 
        anti-tumor activity of certain conventional chemotherapy agents.
 The clinical studies of AG3340 are designed to 
        find out whether this drug is safe and effective for prostate cancer patients 
        and lung cancer patients.
 The company says Phase I clinical studies have 
        shown that patients are able to tolerate AG3340 at doses which will be 
        given in the upcoming trials. This means that the investigators, regulated 
        by the Food and Drug Administration, believe the drug is safe to test 
        further. Whether it has therapeutic value for men with prostate cancer 
        and if so at what dose is not yet known.
 The Phase III trials will recruit patients with 
        advanced hormone-refractory prostate cancer. Patients in the active arm 
        will receive AG3340 in tablet form in combination with Novantrone(R) (mitoxantrone) 
        and prednisone.
 The main aim of the AG3340 study is to find out 
        if the drug can slow progression of the disease. The investigators will 
        also be looking to see how many patients respond, how long the patients 
        survive, what effect the drug has on the patients' quality of life and 
        how all of these results compare with those of standard therapies.
 Recently a cancer drug developed and tested by 
        Agouron was "discontinued .... on the basis of ... interim analysis 
        of results from phase II/III trials..." (See panel below, Quarterly 
        Report).
 
         
          | Set-Up For TrialsIn Phase II trials investigators test for therapeutic dose-level 
              and for efficacy. Cohorts (groups) of patients enter the trial at 
              escalating dose levels. Blood tests, MRI or CAT scans and bone scans 
              are taken at intervals.
 Phase III trials require double-blind randomization. 
              Patients are assigned (typically, by a computer) either to the active 
              treatment arm, delivering experimental therapy, or to an arm delivering 
              standard therapy or placebo. Investigators, physicians, nurses, 
              and patients themselves are not told which group is which.
 |      AG3340 is a synthetic molecule designed 
        to inhibit growth, invasion and metastasis of solid tumors. The aim is 
        to do this by "inactivating certain members of a family of enzymes 
        known as matrix metalloproteases (MMPs)," the company says. AG3340 
        picks out and inhibits those MMPs believed to help tumors grow. 
 
 
         
          | Quarterly Report"In December 1997, the Company discontinued further development 
              of its anti-cancer drug AG337 (Thymitaq (tm), nolatrexed dihydrochloride) 
              on the basis of its interim analysis of results from phase II/III 
              trials of the drug and in order to concentrate available resources 
              on the development of two earlier-stage anti-cancer agents that 
              the Company believes have greater commercial potential. The Company 
              believes that the termination of the THYMITAQ development program 
              will not have a significant impact on current year operating results."
 Excerpt from April 14, 1998 Agouron Pharmaceuticals 
              Inc (AGPH) Quarterly 
              Report (SEC form 10-Q) "Management's Discussion and Analysis 
              of Financial Condition and Results of Operations"  
               
                | Announcement of Phase II/III trials for AG3340 
                    came on the heels of intense excitement following a New 
                    York Times article on the anti-angiogenesis agents endostatin 
                    and angiostatin. Two weeks previously, following the April 
                    14 Quarterly Report, Agouron's stock had been downgraded from 
                    "strong buy" to "outperform." Yahoo 
                    Message Board about Agouron discusses future prospects 
                    of the company. |  |  Agouron Pharmaceuticals Inc is a biotech company making 
        drugs for AIDS, cancer, and other serious diseases. Agouron makes Viracept 
        (nelfinavir mesylate), a protease inhibitor for the treatment of HIV infection. 
        
        
         
           May 7, modified August 10, December 26, 1998  
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