Jiesen tries to take over the world

[jiesen]

I got some balls today

and took the cue from Spike's POTW entry to buy some NEXC on a pure daytrade/TA joyride. I put 2% in at 10.3, and will sell this today for either a 3% loss or a 10% gain. That's the plan, anyway, but I'm wide open for suggestions, especially from Spike!

[Websman]

I wish I had had the balls to buy more when I saw it trading at 3.3!

I wish I would have had the balls to buy at all. LOL

[jiesen]

Congrats! I wish I would have bought some yesterday...

I wish I had had the balls to buy more when I saw it trading at 3.3!

[Websman]

Well, as it turns out this one worked well for me, sice I got a 20% return out of it. Of course, I'm still down 25% or so on the other 3%, but at least I'm not so heavily exposed to NFI anymore...

Congrats! I wish I would have bought some yesterday...

[jiesen]

sold 2% NFI position at 6.1

Not today! I just doubled up on NFI to a 5% position, at 5.07. Please wish me luck...

Well, as it turns out this one worked well for me, since I got a 20% return out of it. Of course, I'm still down 25% or so on the other 3%, but at least I'm not so heavily exposed to NFI anymore...

WOW
(news well received)

[jiesen]

Hope you make a ton of money on it. I'm going to pay attention to it too.

Thanks River! And for the sake of the millions of Lupus patients around the world, I hope I make a ton of money on it also.

[riverbabe]

I worked there for 4 years developing and qualifying analytical methods, but now my only involvement with LJP is as a stockholder. Yes indeed, this is HUGE news, especially for me!

(and don't forget, you heard it here first!)

Hope you make a ton of money on it. I'm going to pay attention to it too.

[jiesen]

I worked there for 4 years developing and qualifying analytical methods, but now my only involvement with LJP is as a stockholder. Yes indeed, this is HUGE news, especially for me!

(and don't forget, you heard it here first!)

[riverbabe]

Wow, Jiesen, this is HUGE!!!

See U.S. Patent No. 7,081,242

http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO1&Sect2=HITOFF&d=PALL&p=1&u=%2Fnetahtml%2FPTO%2Fsrchnum.htm&r=1&f=G&l=50&s1=7081242.PN.&OS=PN/7081242&RS=PN/7081242

and U.S. Patent Application Publication No. 2006/0229270

http://appft1.uspto.gov/netacgi/nph-Parser?TERM1=20060229270&Sect1=PTO1&Sect2=HITOFF&d=PG01&p=1&u=%2Fnetahtml%2FPTO%2Fsrchnum.html&r=0&f=S&l=50

Are you involved with La Jolla Pharmaceutical?

[jiesen]

woohoo!!

Finally! Some good news out of La Jolla. Still a ways to go for approval, but this definitely says that they are on the right track now.

http://biz.yahoo.com/prnews/070308/lath046.html?.v=88

La Jolla Pharmaceutical Announces Positive Interim Antibody Results From Riquent(R) Lupus Phase 3 Trial
Thursday March 8, 7:00 am ET
Data Support Ability of Higher Doses to Further Reduce Antibodies to Double-Stranded DNA


SAN DIEGO, March 8 /PRNewswire-FirstCall/ -- La Jolla Pharmaceutical Company (Nasdaq: LJPC - News) today announced positive interim antibody results from its ongoing double-blind, placebo-controlled randomized Phase 3 trial of Riquent® (abetimus sodium), its drug candidate for systemic lupus erythematosus ("lupus" or "SLE"). Analyses of interim antibody data indicate that patients treated with 900 mg or 300 mg per week doses of Riquent had greater reductions in antibodies to double-stranded DNA (dsDNA) than patients treated with 100 mg per week or placebo. The results showed a significant dose response when comparing all Riquent-treated patients to placebo-treated patients (p < 0.0001), and each Riquent dose group to the placebo dose group (p < 0.0015 for 100 mg, p < 0.0001 for 300 mg and 900 mg).

We are very excited by these results. The higher the dose, the greater the reduction in antibodies to dsDNA, and the relative magnitude of these reductions is greater than we have seen in previous studies, which used lower doses of Riquent. Higher doses also appear to result in a larger percentage of patients having greater and more consistent antibody reductions over time," said Deirdre Y. Gillespie, M.D., President and CEO of La Jolla Pharmaceutical Company. "In addition, preliminary assessment of the data indicates that Riquent is being as well tolerated at all doses in the ongoing Phase 3 study as in our previous studies. We believe that the greater reductions in antibodies to dsDNA observed with these higher doses of Riquent imply a greater probability of obtaining positive clinical results from the Phase 3 trial."

"These data definitely show an increased biological effect. This will improve the likelihood of detecting clinical effects of the treatment," said Joan Merrill, M.D. of the Oklahoma Medical Research Foundation. "Furthermore," said Jill Buyon, M.D., Professor of Medicine at New York University School of Medicine, "these are highly encouraging data which should attract attention from the lupus community since a reduction in antibodies to dsDNA is a biomarker we associate with clinical improvement."


Dose Dependent Antibody Reduction
The analyses assessed the impact of treatment with Riquent on reducing antibodies to dsDNA in 101 patients by measuring the percent of antibody reduction from baseline compared with placebo following weekly treatment with 100 mg, 300 mg or 900 mg of Riquent or placebo. All demographics and baseline characteristics were comparable across dosing groups and there were 16 to 30 patients per treatment group.


Following eight weeks of treatment, the median percent reduction in antibodies to dsDNA for Riquent-treated patients compared with placebo-treated patients was 36% (100 mg), 48% (300 mg), and 66% (900 mg). Antibody reduction for each dose group was significantly better than placebo. Approximately three times as many patients treated with 900 mg of Riquent (38%) had at least a 50% or greater antibody reduction at week 8 compared with patients treated with 100 mg (13%). Patients reached their maximum reduction after four weeks of treatment at which time separation between doses was also seen.


Consistent Antibody Reductions
Published data from earlier La Jolla studies indicated that maintaining antibody reductions over time in individual patients was associated with a significantly reduced renal flare rate. The current data indicate that the higher the Riquent dose, the greater the consistency of response and the greater the magnitude of this response. While more than twice as many 900 mg-treated patients (58%) as 100 mg-treated patients (25%) had a consistent 20% reduction, six times as many 900 mg-treated patients (39%) had a consistent 40% reduction, compared with 100 mg-treated patients (6%). Twice as many patients on 900 mg as 300 mg had a consistent 50% reduction, but no patients on 100 mg or placebo achieved this level of consistent reduction. A consistent reduction is defined as a patient whose percent antibody reduction exceeded a specified level at weeks 4, 6 and 8.


Tolerability
To date, Riquent has been well tolerated in the ongoing Phase 3 study. The adverse event profile for all patients in the study, including those treated with the 300 mg and 900 mg doses, does not appear to differ from that seen in previous studies where 100 mg of Riquent was the treatment dose.


Conference Call
The Company will host a conference call on Thursday, March 8, 2007 at 8:00 a.m. Pacific Time/11:00 a.m. Eastern Time. If you would like to listen to the conference call, please visit La Jolla Pharmaceutical Company's website at www.ljpc.com.


An archived version of the conference call will be available the day of the call at the Company's website www.ljpc.com and will be archived for several weeks. In addition, a replay of the conference call can also be accessed for one week by dialing (88 286-8010 (US) or (617) 801-6888 (International). The passcode for the replay is 33112152.
These data will be presented at the 8th International Congress on SLE in Shanghai in May 2007.


Phase 3 Study Design
The Phase 3 study is designed to assess the ability of Riquent treatment to prevent or delay the time to renal flare in lupus patients with a history of renal disease and with antibodies to dsDNA. A lupus renal flare is a potentially life-threatening increase in inflammation targeting the kidney. A renal flare often requires treatment with immunosuppressive agents which can have severe side effects.


The global study is expected to enroll approximately 730 patients who will be treated weekly with Riquent or placebo. Equal numbers of patients will be treated with 300 mg per week, 900 mg per week or placebo for 12 months. Patient enrollment in this international study recommenced in the third quarter of 2006 and completion of enrollment is targeted for around the end of 2007.


About Riquent
Riquent is being developed to specifically treat lupus renal disease by preventing or delaying renal flares, a leading cause of sickness and death in lupus patients. Riquent has been well tolerated in all 13 clinical trials, with no serious Riquent-related side effects identified to date. Riquent's only known biological activity is the reduction of circulating levels of anti- dsDNA antibodies. Increases in these antibodies are associated with an increased risk of renal flare. Although clinical benefit has not yet been proven, Riquent treatment has significantly reduced these antibody levels in all clinical trials where they were measured.
About Lupus


Lupus is a chronic, potentially life-threatening autoimmune disease. About 90% of lupus patients are female, and many are diagnosed with the disease during their childbearing years. Approximately 50% of lupus patients have renal disease, which can lead to irreversible renal damage, renal failure and the need for dialysis, and is a leading cause of death in lupus patients. Latinos, African Americans and Asians face an increased risk of serious renal disease associated with lupus. The current standard of care for lupus renal disease often involves treatment with high doses of corticosteroids and immunosuppressive drugs that can cause severe side effects including diabetes, hypertension and sterility, and may leave patients vulnerable to opportunistic infections. To date, no lupus specific drug has been approved in the U.S.


La Jolla Pharmaceutical Company is dedicated to improving and preserving human life by developing innovative pharmaceutical products. The Company's leading product in development is Riquent. The Company has also developed small molecules to treat various other autoimmune and inflammatory conditions. The Company's common stock is traded on The NASDAQ Global Market under the symbol LJPC. More information about the Company is available on its Web site: http://www.ljpc.com.

[billyjoe]

The Mrs. did recently have a chance to go to the Los Angeles area as the guest of a pharmaceutical company. I could have trailed along but didn't want to spend my time watching Jerry Springer in a hotel room , while she dined on lobster and dom perignon with the hoy falloi (sp.?).

--------billyjoe

[jiesen]

I hate to be one to start rumors...But it sounds to me like J and Mrs. BJ may be running off to Antigua or somewhere???

Nah, man. Too many mosquitos there. I'd be afraid of catching the West Nile Virus.

[IIC]

Hey Billyjoe,

Well, notice I said "give me 1cc of your blood" instead of "let me take" it. I'm as good as any lab tech with a pipet, but I'm no phlebotomist, and the thought of sticking a needle in someone else gives me the creeps, too. Anyway, I'm sure Mrs. Billyjoe and I would get along just fine, nonetheless!

I hate to be one to start rumors...But it sounds to me like J and Mrs. BJ may be running off to Antigua or somewhere???

[jiesen]

Not today! I just doubled up on NFI to a 5% position, at 5.07. Please wish me luck...

What was I smoking this morining??!? Sometimes I need to just step away from the computer, nice and slow...