MELBOURNE, Australia I April 20, 2015 I Bionomics Limited (ASX: BNO, OTCQX: BNOEF) , a biopharmaceutical company focused on the discovery and development of innovative therapeutics for the treatment of cancer and diseases of the central nervous system, today announced the initiation of a Phase II clinical study of BNC210, the Company’s drug candidate in development for the treatment of anxiety and depression.

The study will use functional magnetic resonance imaging (fMRI) to assess the effects of BNC210 on brain activity in patients suffering from anxiety.

“BNC210 has the potential to significantly improve the lives of anxiety sufferers, and we believe that with effective management of anxiety there is the potential to reduce the huge impact of the disease on societal and healthcare resources,” said Dr. Deborah Rathjen, Bionomics’ CEO and Managing Director.

“Currently, there is a large unmet medical need for fast-acting anxiolytic agents that lack the side effects observed with existing treatments, which include sedation and addiction, as well as negative side effects on memory and body movement. Bionomics’ commitment to the rapid development of BNC210 is indicative of its significant potential as an improved therapeutic for the treatment of anxiety.

The double-blinded, placebo and lorazepam-controlled, four-way crossover single-centre Phase II study (BNC210.006) will be conducted in 24 patients with untreated Generalised Anxiety Disorder (GAD). Patients will be randomized to receive one of two doses of BNC210 (300mg or 2000mg) or one of two controls, placebo or 1.5mg Lorazepam. The study will evaluate the capacity of BNC210 to engage brain systems relevant to anxiety. The endpoints include both significant changes in cerebral perfusion and in task-related brain activity using the emotional faces task during fMRI. The study is being conducted by Principal Investigator, Professor Allan Young, at The Institute of Psychiatry, Psychology & Neuroscience (IoPPN) at King’s College in London.

The clinical phase of the study is expected to be completed by Q2 2016 with results due in Q3 2016.

Bionomics is also conducting an ongoing Phase Ib multiple ascending dose study (BNC210.005) of BNC210 in healthy human male volunteers. This study is examining the safety and tolerability of multiple doses of BNC210, after repeat dosing for eight days, with secondary endpoints investigating the pharmacokinetic and pharmacodynamic profile of BNC210 and its effect on cognitive functions.

Clinical Trial Appendix

STUDY REFERENCE BNC210.006
STUDY TITLE A randomised, double-blinded, placebo and lorazepam-controlled, four-way crossover, Phase II study to evaluate the effects of single oral administration of BNC210 on brain activity changes captured by functional magnetic resonance imaging in adults with Generalised Anxiety Disorder (GAD).
PRIMARY OBJECTIVES

Primary objectives:

(A)   To determine whether BNC210 causes significant changes in cerebral perfusion using Arterial Spin Labelling in the resting state.

(B)   To determine whether BNC210 causes significant changes in task-related brain activity using the emotional faces task during functional magnetic resonance imaging (fMRI).

SECONDARY & EXPLORATORY OBJECTIVES

Secondary objectives:

–       To determine the effect of BNC210 on defensive behaviour.

–       To determine whether BNC210 alters affective self-report in
         a way that is consistent with reduced anxiety.

–       To contribute safety and tolerability information on BNC210.

Exploratory objective

To determine the correlation between BNC210-related brain activity changes and affective self-report.

BLINDING STATUS Double-blinded
TREATMENT METHOD

Randomised, four-way crossover, with the effects of two dose levels of BNC210 being compared to those of placebo, and 1.5 mg lorazepam used as a positive control.

The lower BNC210 dose will be 300 mg. The upper dose will be 2000 mg.

TRIAL SUBJECT NUMBER A sufficient number of subjects will be enrolled to allow 24 completing subjects.
CONTROL GROUP Placebo and 1.5mg Lorezepam Positive Control
SUBJECT SELECTION CRITERIA Male or female volunteers who are un-medicated but meet the criteria for Generalised Anxiety Disorder
TRIAL LOCATION The Institute of Psychiatry, Psychology & Neuroscience, King’s
College, London
EXPECTED DURATION Clinical portion to be completed in approximately 12 months.
ADDITIONAL INFORMATION

Pharmacodynamic evaluation

Brain activity will be assessed by fMRI under resting condition where functional connectivity and Continuous Arterial Spin Labelling as a measure of cerebral blood flow will be collected. Functional fMRI will also be used during different tasks: an emotional faces task and a behavioural task (Joystick Operated Runaway Task). The Spielberger State-Trait Anxiety inventory and a subjective scale assessment will also be used as outcome measures.

CLINICAL TRIAL HISTORY

BNC210 has been evaluated at single doses in 6 clinical trials and 154 subjects to date

1.     BNC210.001: Single Ascending Doses Study – Australia

2.     BNC210.002: Fed and Fasted Study – Australia

3.     BNC210.003: Lorazepam Comparison and EEG Study, 
        cognition as primary end point – France

4.     BNC210.004: CCK Challenge – France

5.     Single Ascending Doses Study  – USA

6.     BNC210.005:  Multiple Ascending Dose Study – France

FOR FURTHER INFORMATION PLEASE CONTACT:

Bionomics Limited                                Monsoon Communications             Stern IR
Dr Deborah Rathjen                              Rudi Michelson                                    Beth DelGiacco
CEO & Managing Director                    +613 9620 3333 +1 212 360 1200
+618 8354 6101 /    0418 160 425           rudim@monsoon.com.au                   beth@sternir.com
drathjen@bionomics.com.au    

About BNC210

BNC210 is a first-in-class compound for the treatment of anxiety that lacks the side effect profile of current therapies such as benzodiazepines, selective serotonin reuptake inhibitors and serotonin norepinephrine reuptake inhibitors. BNC210 works by negative allosteric modulation of the alpha 7 nicotinic acetylcholine receptor which is key target for anxiety. To date, BNC210 has been evaluated at single doses in six clinical trials with 154 subjects.

About Bionomics Limited

Bionomics (ASX: BNO) is biopharmaceutical company which discovers and develops innovative therapeutics for cancer and diseases of the central nervous system. Bionomics has small molecule product development programs in the areas of cancer, anxiety, memory loss and pain. Its oncology approach includes cancer stem cell therapeutics.

Bionomics’ discovery and development activities are driven by its four proprietary technology platforms: MultiCore®, a diversity orientated chemistry platform for the discovery of small molecule drugs; ionX® , a set of novel technologies for the identification of drugs targeting ion channels for diseases of the central nervous system; Angene®, a drug discovery platform which incorporates a variety of genomics tools to identify and validate novel angiogenesis targets (involved in the formation of new blood vessels);  and CSC Rx Discovery™, which identifies antibody and small molecule therapeutics that inhibit the growth of cancer stem cells. These platforms drive Bionomics’ pipeline and underpin its established business strategy of securing partners for its key compounds. Bionomics partners include Merck & Co.

SOURCE: Bionomics