(BW) (SEQUUS-PHARMACEUTICALS)(SEQU) Sequus Pharmaceuticals Receives Market Clearance for CAELYX in Australia and New Zealand Business Wire
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(BW) (SEQUUS-PHARMACEUTICALS)(SEQU) Sequus Pharmaceuticals Receives Market Clearance for CAELYX in Australia and New Zealand

BUSINESS WIRE - 44 Montgomery St, 39th Floor, San Francisco, CA 94104; Tel: (415) 986-4422; FAX: (415) 788-5335 - Wednesday, 30 July 1997.


MENLO PARK, Calif.--(BUSINESS WIRE)--July 30, 1997--SEQUUS Pharmaceuticals, Inc. (Nasdaq: SEQU) announced that the regulatory authorities in Australia and New Zealand have granted marketing clearance for its proprietary anticancer drug, DOXIL, in the treatment of Kaposi's sarcoma. The drug will be marketed in these countries by Schering-Plough Corporation, the Company's marketing partner, under the trade name CAELYX(TM) (doxorubicin HCl (pegylated liposomal)). The announcement was made at the Bay Area Biomedical Investment Conference held in San Francisco, California, July 28-30.

CAELYX, the next generation anthracycline oncology drug, is a long- circulating STEALTH(R) liposome formulation of doxorubicin, a widely- used anticancer agent. CAELYX is marketed in the United States under the trade name DOXIL(R) for the treatment of Kaposi's sarcoma in people with AIDS whose disease has progressed on prior combination chemotherapy or in patients who are intolerant to such therapy. Schering-Plough is currently launching CAELYX in the European Union countries, where it is available in the United Kingdom, Germany, Sweden, Austria, Denmark, Finland and the Netherlands.

"We are pleased to receive additional approvals for CAELYX in the worldwide market," said Aron Stein, SEQUUS' Vice President for Regulatory Affairs. "Our regulatory people have been working very successfully with the Schering-Plough regulatory personnel to rapidly obtain marketing approval throughout the Schering territory."

Established in 1981, with headquarters in Menlo Park, California (and with offices in London, England), SEQUUS is developing proprietary pharmaceutical products for the treatment of cancer, systemic fungal infections and other life threatening diseases. SEQUUS developed and is commercializing DOXIL(R), an anticancer product formulated in the Company's proprietary long-circulating STEALTH(R) liposomes, and AMPHOTEC(TM), an antifungal agent, in the United States, Europe, Latin America and other foreign markets. Pipeline products encompass additional anticancer drugs, including SPI-077, a STEALTH liposome formulation of cisplatin, Ciprofloxacin, CD4, radio-sensitizers, and development of the proprietary STEALTH technology platform to deliver a range of biotechnology and pharmaceutical products, including genes, proteins, peptides, antisense and small molecules.

--30--rg/ny*

CONTACT: SEQUUS Pharmaceuticals, Inc. Ogilvy Adams & Rinehart

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Keywords: CALIFORNIA PHARMACEUTICAL PRODUCT

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