Sophiris Moves to Unlock Blockbuster Potential in New Prostate Drug

In the vintage tic-tac-toe TV game show, The Hollywood Squares, one of the classic funny moments occurred when host Peter Marshall asks the question: “True or false—a pea can last as long as 5,000 years.”

Assuming an expression of middle-aged consternation, the late comedian George Gobel answers: “Boy, it sure seems that way sometimes.”

The joke seems funnier—or perhaps more ironical—to me now than it did 30 or 40 years ago. Experts say that benign prostatic hyperplasia (BPH), or an enlarged prostate gland, affects most men in their 60s. As the prostate enlarges, the tissue surrounding the gland prevents it from expanding, causing the prostate to gradually press against the urethra like a pumpkin growing on a garden hose. The condition, which can result in frequent urination or difficult urination, is so common that it is said all men would get an enlarged prostate if they lived long enough.

Sophiris_logo_300x200Lars Ekman, an executive partner in Sofinnova Ventures’ San Diego office, says the condition is serious enough for 15 million men in the U.S. to seek treatment each year, with a comparable number of men in the European Union feeling a similar pressing need. Together, Ekman says they spend about $4 billion a year on a variety of treatments. That’s high, according to the National Institute of Diabetes and Digestion and Kidney Diseases, which put the direct costs of BPH-related medical services in U.S. hospitals and outpatient settings at $1.1 billion. Nevertheless, Ekman says it still amounts to a multi-billion dollar global market with a huge unmet need. “In the prostate there are a number of nerve endings that are related to sexual function,” he says, “and other therapies negatively affect these nerve endings.”

Ekman says he agreed to serve as the executive chairman and president of Sophiris Bio last year, as part of the specialized pharma startup’s move to San Diego from Vancouver, BC, where the company was known as Protox Therapeutics. In Canada, the company completed pre-clinical studies and related testing, which Ekman describes as “a phenomenal job of translating an idea into a real product.”

But Ekman says the Canadian team had never taken an experimental drug through clinical trials, and it was difficult to

Author: Bruce V. Bigelow

In Memoriam: Our dear friend Bruce V. Bigelow passed away on June 29, 2018. He was the editor of Xconomy San Diego from 2008 to 2018. Read more about his life and work here. Bruce Bigelow joined Xconomy from the business desk of the San Diego Union-Tribune. He was a member of the team of reporters who were awarded the 2006 Pulitzer Prize in National Reporting for uncovering bribes paid to San Diego Republican Rep. Randy “Duke” Cunningham in exchange for special legislation earmarks. He also shared a 2006 award for enterprise reporting from the Society of Business Editors and Writers for “In Harm’s Way,” an article about the extraordinary casualty rate among employees working in Iraq for San Diego’s Titan Corp. He has written extensively about the 2002 corporate accounting scandal at software goliath Peregrine Systems. He also was a Gerald Loeb Award finalist and National Headline Award winner for “The Toymaker,” a 14-part chronicle of a San Diego start-up company. He takes special satisfaction, though, that the series was included in the library for nonfiction narrative journalism at the Nieman Foundation for Journalism at Harvard University. Bigelow graduated from U.C. Berkeley in 1977 with a degree in English Literature and from the Columbia University Graduate School of Journalism in 1979. Before joining the Union-Tribune in 1990, he worked for the Associated Press in Los Angeles and The Kansas City Times.