ROME, September 8 /PRNewswire/ --

- For European Medical Media Only

ROME, September 8 /PRNewswire/ --

- For Presentation Times and Detailed Study Information Please Refer to Notes to Editors

Results from two 24-week Phase III studies presented at the 44th European Association for the Study of Diabetes Annual Meeting demonstrate that saxagliptin, an investigational selective inhibitor with extended binding to the dipeptidyl peptidase-4 (DPP-4) enzyme, in development by Bristol-Myers Squibb Company (NYSE: BMY) and AstraZeneca, produced significant reductions across all key measures of glucose control studied (glycosylated hemoglobin level (A1C), fasting plasma glucose (FPG) and postprandial glucose (PPG)) when added to a sulphonylurea (SU) or a thiazolidinedione (TZD) in people with inadequately controlled type 2 diabetes, compared with placebo added to either an increased dose of SU or a stable dose of a TZD. The addition of saxagliptin to SU and TZD was well tolerated during the course of the trials, and more people were able to achieve target A1C of less than 7 percent versus the comparators.

"A large number of people with type 2 diabetes have difficulty managing their disease and remain uncontrolled on present therapies," said Professor Anthony Barnett, University of Birmingham and Heart of England NHS Foundation Trust. "Given the growing number of people with diabetes around the world, it is important to investigate new therapeutic options as we fight this chronic disease."

The companies submitted a New Drug Application to the U.S. Food & Drug Administration (FDA) on 30th June, which was officially filed by the FDA, and a Marketing Authorization Application to the European Medicines Agency (EMEA) on 1st July, which has been accepted for review by the Agency. The submissions are based on data from a comprehensive clinical trial programme conducted in addition to standard therapies, as well as in treatment-naïve patients as a monotherapy. The clinical trial programme included studies that evaluated the drug at up to 80 times the proposed usual clinical dose of 5 mg, once daily. The six core Phase III trials assessing the efficacy and safety profile of saxagliptin involved more than 4,000 patients, including 3,000 who were treated with saxagliptin.

Notes to editors

Study results in detail:

1. Phase III - Poster Presentation: Saxagliptin added to sulphonylurea

Presentation: 8 September 2008, 13h30 - 14h30 Central European Time (CET)

This study was designed to assess the addition of saxagliptin to a submaximal dose of sulphonylurea versus increasing the dose of sulphonylurea. The data represent findings from a 24-week, randomized, double-blind, placebo-controlled, three-arm, parallel-group, multi-center international study of 768 people with type 2 diabetes (ages 18-77) whose A1C level was greater than or equal to 7.5 percent and less than or equal to 10 percent after at least two months on a submaximal dose of a sulphonylurea at enrolment. After a four-week, open-label, lead-in phase, where all individuals received glyburide (GLY) 7.5 mg, individuals were randomized to one of three separate treatment arms: saxagliptin 2.5 mg + GLY 7.5 mg (n=248), saxagliptin 5 mg + GLY 7.5 mg (n=253), or placebo + GLY 10 mg (n=267), given daily. In the placebo + GLY 10 mg group, blinded up-titration of GLY was allowed to a maximum total daily dose of 15 mg (UP-GLY). Approximately 92 percent of individuals in the UP-GLY group reached the maximum total daily dose during the study.

The primary endpoint of the study was the change from baseline to week 24 in A1C. The secondary endpoints of the study included changes from baseline to week 24 in FPG, PPG response, as indicated by PPG area under the curve (AUC) from 0 - 180 minutes during an oral glucose tolerance test (OGTT) and the proportion of individuals achieving the American Diabetes Association recommended A1C target of less than 7 percent.

Study results

After 24 weeks, individuals in the saxagliptin + GLY treatment arms demonstrated a significant adjusted mean change in A1C from baseline of -0.5 percent for saxagliptin 2.5 mg + GLY and -0.6 percent for saxagliptin 5 mg + GLY, compared with +0.1 percent for UP-GLY (p-value less than 0.0001 for both treatment arms). Reductions were observed at four weeks, the earliest assessment point in the study. More than twice as many individuals receiving saxagliptin + GLY achieved A1C of less than 7 percent compared to UP-GLY: 22.4 percent for saxagliptin 2.5 mg + GLY and 22.8 percent for saxagliptin 5 mg + GLY, compared with 9.1 percent for UP-GLY (p-value less than 0.0001 for both treatment arms).

Individuals treated with saxagliptin + GLY demonstrated an adjusted mean change in FPG from baseline to week 24: -7.1 mg/dL for saxagliptin 2.5 mg + GLY and

-9.7 mg/dL for saxagliptin 5 mg + GLY, compared with +0.7 mg/dL for UP-GLY (p-value less than or equal to 0.0218 for both treatment arms). Reductions were observed at two weeks, the earliest assessment point in the study. The two saxagliptin + GLY treatment arms also demonstrated adjusted mean decreases in PPG from baseline to week 24, compared with UP-GLY (p-value less than 0.0001 for both treatment arms).

Over 24 weeks, the reported hypoglycemic events were: 13.3 percent for saxagliptin 2.5 mg + GLY, 14.6 percent for saxagliptin 5 mg + GLY and 10.1 percent for UP-GLY (p-value equals NS). The occurrence of confirmed hypoglycemia (symptoms of hypoglycemia with a fingerstick glucose less than or equal to 50 mg/dL) was: 2.4 percent for saxagliptin 2.5 mg + GLY, 0.8 percent for saxagliptin 5 mg + GLY and 0.7 percent for UP-GLY.

Incidence of adverse events was: 75.0 percent for saxagliptin 2.5 mg + GLY, 72.3 percent for saxagliptin 5 mg + GLY and 76.8 percent for UP-GLY. The percentages of the most commonly reported (greater than or equal to 5 percent) adverse events for the saxagliptin 2.5 mg + GLY, saxagliptin 5 mg + GLY and UP-GLY treatment arms, respectively, were: urinary tract infection (5.2, 10.7, 8.2); nasopharyngitis (5.6, 5.9, 6.7); upper respiratory tract infection (4.4, 6.3, 6.7); influenza (5.2, 4.0, 6.0); diarrhoea (5.6, 4.0, 5.2); back pain (4.8, 5.9, 4.5); pain in extremity (4.4, 3.6, 5.6); headache (7.7, 7.5, 5.6); cough (5.2, 4.0, 4.9); and hypertension (3.6, 6.3, 2.2).

2. Phase III - Poster Presentation: Saxagliptin added to thiazolidinedione

Presentation: 8 September 2008, 13h30 - 14h30 Central European Time (CET)

This study was designed to assess the addition of saxagliptin to thiazolidinedione versus the addition of placebo to TZD. The data represent findings from a 24-week, multinational, randomized, placebo-controlled, three-arm, parallel group, double-blind study of 565 people with type 2 diabetes (ages 18-77), whose A1C level was greater than or equal to 7 percent and less than or equal to 10.5 percent and who were receiving stable TZD monotherapy (pioglitazone 30 mg or 45 mg, or rosiglitazone 4 mg or 8 mg, total daily dose) for at least 12 weeks prior to screening. After a two-week lead- in period during which all individuals continued on their previous pioglitazone or rosiglitazone dose, individuals were randomized to one of three treatment arms: saxagliptin 2.5 mg (n=195), saxagliptin 5 mg (n=186) or placebo (n=184), given once daily, in addition to continuing on their previously prescribed TZD dose.

The primary endpoint of the study was the change from baseline to week 24 in A1C. The secondary endpoints of the study included changes from baseline to week 24 in FPG, PPG response, as indicated by PPG area under the curve (AUC) from 0 - 180 minutes during an oral glucose tolerance test (OGTT), and the proportion of individuals achieving the American Diabetes Association recommended A1C target of less than 7 percent.

After 24 weeks, individuals in the saxagliptin + TZD treatment arms demonstrated an adjusted mean change in A1C from baseline of -0.7 percent for saxagliptin 2.5 mg + TZD and -0.9 percent for saxagliptin 5 mg + TZD, compared with -0.3 percent for placebo + TZD (p-value less than or equal to 0.0007 for both treatment arms). A greater percentage of individuals treated with saxagliptin + TZD achieved an A1C of less than 7 percent at week 24: 42.2 percent for saxagliptin 2.5 mg + TZD and 41.8 percent for saxagliptin 5 mg + TZD, compared with 25.6 percent for placebo + TZD (p-value less than or equal to 0.0013 for both treatment arms).

Individuals treated with saxagliptin + TZD demonstrated an adjusted mean change from baseline in FPG: -14.3 mg/dL for saxagliptin 2.5 mg + TZD and -17.3 mg/dL for saxagliptin 5 mg + TZD, compared with -2.8 mg/dL for placebo + TZD (p-value less than or equal to 0.0053 for both treatment arms). Both saxagliptin + TZD treatment arms also demonstrated adjusted mean decreases from baseline in PPG, compared with placebo + TZD (p-value less than 0.0001 for both treatment arms).

One confirmed case of hypoglycemia (symptoms of hypoglycemia with a fingerstick glucose less than or equal to 50 mg/dL) was reported in the saxagliptin 2.5 mg + TZD treatment arm. There were no cases of confirmed hypoglycemia in the saxagliptin 5 mg + TZD or placebo + TZD treatment arms. Reported hypoglycemic events were: 4.1 percent for the saxagliptin 2.5 mg + TZD, 2.7 percent for saxagliptin 5 mg + TZD, and 3.8 percent for placebo + TZD.

Over 24 weeks, the incidence of adverse events was: 62.1 percent for saxagliptin 2.5 mg + TZD, 74.2 percent for saxagliptin 5 mg + TZD and 66.8 percent for placebo + TZD. The percentages of the most commonly reported (greater than or equal to 5 percent) adverse events from the saxagliptin 2.5 mg + TZD, saxagliptin 5 mg + TZD and placebo + TZD treatment arms, respectively, were: upper respiratory tract infection (7.7, 9.1, 7.1); urinary tract infection (3.6, 6.5, 6.5); nasopharyngitis (3.1, 4.8, 6.0); arthralgia or joint pain (5.6, 2.7, 2.7); headache (4.6, 5.4, 3.8); dizziness (2.6, 3.2, 5.4); peripheral oedema (3.1, 8.1, 4.3); and hypertension (5.6, 4.3, 4.9).

About saxagliptin

Saxagliptin is an investigational DPP-4 inhibitor, under joint development by Bristol-Myers Squibb and AstraZeneca for the treatment of type 2 diabetes. Saxagliptin is being studied in clinical trials as a once-daily therapy to determine its efficacy and safety profile. Saxagliptin was specifically designed to be a selective inhibitor with extended binding to the DPP-4 enzyme, with dual routes of clearance.

Saxagliptin Phase III data have previously been presented as a monotherapy and in combination with metformin, the most commonly prescribed oral anti-diabetic medication. Further Phase III data on saxagliptin as initial combination therapy with metformin will be disclosed this week. The overall clinical development programme included more than 5,000 individuals, more than 4,000 of whom were given saxagliptin.

About DPP-4 inhibitors

DPP-4 inhibitors are a class of compounds that work by affecting the action of natural hormones in the body called incretins. Incretins decrease elevated blood sugar levels (glucose) by increasing the body's use of sugar, mainly through increasing insulin production in the pancreas, and by reducing the liver's production of glucose.

About type 2 diabetes

Diabetes (diabetes mellitus) is a chronic disease in which the body does not produce or properly use insulin. Insulin is a hormone that is needed to convert sugar, starches (carbohydrates) and other nutrients into energy needed for daily life. The cause of diabetes continues to be investigated, and both genetic and environmental factors such as obesity and lack of exercise appear to play a role.(1)a Diabetes is associated with long-term complications that affect almost every part of the body. The disease may lead to blindness, heart and blood vessel disease, stroke, kidney failure, amputations, and nerve damage.(2a)

There are two primary underlying causes associated with type 2 diabetes: the body does not produce enough insulin (insulin deficiency), or the cells ignore the insulin (insulin resistance).(2b) Symptoms of type 2 diabetes develop gradually, and their onset is not as sudden as in type 1 diabetes. Symptoms may include fatigue, frequent urination, increased thirst and hunger, weight loss, blurred vision, and slow healing of wounds or sores. Some people, however, have no symptoms.(3b)

Type 2 diabetes is most often associated with older age, obesity, family history of diabetes, previous history of gestational diabetes, physical inactivity and certain ethnicities.(3c) People with type 2 diabetes often are characterized with: insulin resistance, abdominal obesity, a sedentary lifestyle, having low HDL-C ("good") cholesterol levels and high triglyceride levels and hypertension.(3)

Type 2 diabetes accounts for approximately 90 to 95 percent of all diabetes.(3d) This equates to roughly 221 million people with type 2 diabetes globally,(4),(3d) and 21.2 million people in the United States alone.(2a),(3d)

The American Diabetes Association recommends a hemoglobin A1C measurement of less than 7 percent(5) for most people with type 2 diabetes. The International Diabetes Federation recommends an A1C of less than or equal to 6.5 percent(6) for most people with type 2 diabetes. Hemoglobin A1C is a measurement of a person's average blood glucose level during a two-to-three month period and is considered an important marker of long-term glucose control.(7) Other important markers for type 2 diabetes include fasting plasma glucose, a measure of a person's blood glucose after at least 8 hours of fasting and postprandial glucose, a measure of a person's blood glucose after a meal.

Bristol-Myers Squibb and AstraZeneca collaboration

Bristol-Myers Squibb and AstraZeneca entered into a collaboration in January 2007 to enable the companies to research, develop and commercialise two investigational drugs for type 2 diabetes - saxagliptin and dapagliflozin. The Bristol-Myers Squibb/AstraZeneca diabetes collaboration is dedicated to global patient care, improving patient outcomes and creating a new vision for the treatment of type 2 diabetes.

About Bristol-Myers Squibb

Bristol-Myers Squibb is a global biopharmaceutical company whose mission is to extend and enhance human life.

Bristol-Myers Squibb forward-looking statement

This press release contains "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995, regarding the research, development and commercialization of products. Such forward-looking statements are based on current expectations and involve inherent risks and uncertainties, including factors that could delay, divert or change any of them, and could cause actual outcomes and results to differ materially from current expectations. No forward-looking statement can be guaranteed. Among other risks, there can be no guarantee that the product described in this release will receive regulatory approval. There can be no assurance that if approved, the product will be commercially successful. Forward-looking statements in the press release should be evaluated together with the many uncertainties that affect Bristol-Myers Squibb's business, particularly those identified in the cautionary factors discussion in Bristol-Myers Squibb's Annual Report on Form 10-K for the year ended December 31, 2007, its Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. Bristol-Myers Squibb undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise.

About AstraZeneca

AstraZeneca is a major international healthcare business engaged in research, development, manufacturing and marketing of prescription pharmaceuticals and supplier for healthcare services. AstraZeneca is one of the world's leading pharmaceutical companies with healthcare sales of US $29.55 billion and is a leader in gastrointestinal, cardiovascular, neuroscience, respiratory, oncology and infection product sales. AstraZeneca is listed in the Dow Jones Sustainability Index (Global) as well as the FTSE4Good Index.

--------------------------------- (1) American Diabetes Association. All About Diabetes. (a) http://www.diabetes.org/about-diabetes.jsp; accessed Aug. 7, 2008 (b) http://www.diabetes.org/type-2-diabetes.jsp; accessed Aug. 7, 2008 (2) National Diabetes Information Clearinghouse. National Institute of Diabetes and Digestive and Kidney Diseases, National Institutes of Health. http://diabetes.niddk.nih.gov; accessed Aug. 7, 2008. (a) http://diabetes.niddk.nih.gov/dm/pubs/overview/index.htm#scope; accessed Aug. 7, 2008 (b) http://diabetes.niddk.nih.gov/dm/pubs/overview/index.htm#types; Type 2 Diabetes section; accessed Aug. 7, 2008 (c) http://diabetes.niddk.nih.gov/dm/pubs/overview/index.htm#types; Type 2 Diabetes section; accessed Aug. 7, 2008 (d) http://diabetes.niddk.nih.gov/dm/pubs/overview/index.htm#types; Type 2 Diabetes section; accessed Aug. 7, 2008 (3) American Heart Association. Type 2 Diabetes; "Who Is At Risk For Type 2 Diabetes" section. http://www.americanheart.org/presenter.jhtml?identifier=3044759; accessed Aug. 7, 2008. (4) International Diabetes Foundation. Diabetes Atlas. Third Edition. 2006. Page 22. (5) American Diabetes Association, Accord Trial Questions & Answers, http://www.diabetes.org/for-media/pr-accord-trail-QA-020608.jsp#9; accessed Aug. 7, 2008 (6) International Diabetes Federation, Global Guidelines for Type 2 Diabetes, Chapter 6: Glucose Control Levels, page 27.

http://www.idf.org/webdata/docs/GGT2D%2006%20Glucose%20control%20levels.... accessed Aug. 18, 2008

(7) American Diabetes Association, A1C Test, http://www.diabetes.org/type-1-diabetes/a1c-test.jsp; accessed Aug. 7, 2008 Contacts Media Investors Carmel Hogan John Elicker Bristol-Myers Squibb Bristol-Myers Squibb Office: +33-1-58-83-65-55 Office: +1-212-546-3775 Cell: +33-6-74-10-76-58 john.elicker@bms.com carmel.hogan@bms.com Jim Minnick Mina Blair AstraZeneca AstraZeneca Office: +1-302-886-5135 Office: +44-20-7304-5084 Cell: +1-610-457-1828 mina.blair@astrazeneca.com jim.minnick@astrazeneca.com

Contacts: Media Investors, Carmel Hogan, Bristol-Myers Squibb, Office: +33-1-58-83-65-55, Cell: +33-6-74-10-76-58, carmel.hogan@bms.com; John Elicker, Bristol-Myers Squibb, Office: +1-212-546-3775, john.elicker@bms.com; Jim Minnick, AstraZeneca, Office: +1-302-886-5135, Cell: +1-610-457-1828, jim.minnick@astrazeneca.com; Mina Blair, AstraZeneca, Office: +44-20-7304-5084, mina.blair@astrazeneca.com