ENZON INC
8-K, 2000-11-02
BIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES)
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                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

        Date of Report (Date of earliest event reported) October 30, 2000


                                   ENZON, INC.
             (Exact name of registrant as specified in its charter)


          Delaware                    0-12957                  22-237286
(State or other jurisdiction        (Commission              (IRS Employer
     of incorporation)              File Number)             Identification)


                20 Kingsbridge Road, Piscataway, New Jersey 08854
               (Address of principal executive offices) (Zip Code)


        Registrant's telephone number, including area code (732) 980-4500


--------------------------------------------------------------------------------
          (Former name or former address, if changed since last report)

<PAGE>


Item 5. Other Events

Enzon   Announces   Schering-Plough   Reports   Results  of  Phase  III  Pivotal
PEG-INTRON(TM) PLUS REBETOL(R) Study

     Enzon, Inc. announced today that  Schering-Plough  Corporation reported the
results of a pivotal Phase III clinical  study,  presented for the first time at
the  Presidential  Plenary  Session of the 51st Annual  Meeting of the  American
Association for the Study of Liver Diseases (AASLD) in Dallas.  The study showed
that combination therapy with once-weekly PEG-INTRON(TM) (peginterferon alfa-2b)
Injection plus daily REBETOL(R) (Ribavirin, USP) Capsules achieved a 54% rate of
sustained virologic response overall in previously untreated adult patients with
chronic  hepatitis C.  Sustained  virologic  response  across  hepatitis C virus
genotypes ranged from 42% to 82% in patients  receiving  PEG-INTRON plus REBETOL
combination therapy. When analyzed on an optimized dose/body-weight basis (>10.6
mg/kg of REBETOL daily), sustained virologic response was 61% for all genotypes,
48% for genotype 1 and 88% for genotypes 2 and 3.  PEG-INTRON is a longer-acting
form of  INTRON A that  uses  proprietary  PEG  technology  developed  by Enzon.
Sustained virologic response (SVR) is defined as sustained loss of detectable(1)
hepatitis C virus (HCV-RNA).

     Results of the PEG-INTRON plus REBETOL study represent the largest and most
complete  clinical data reported to date involving  peginterferon  and ribavirin
combination  therapy. In all, PEG- INTRON was the subject of seven presentations
by study investigators at AASLD.

PEG-INTRON Plus REBETOL Combination Therapy

     In an AASLD Presidential  Plenary Session,  study  investigators  presented
results of a pivotal Phase III clinical study designed to establish the activity
and  tolerance of two dosing  regimens of  PEG-INTRON  plus REBETOL  compared to
REBETRON(TM)  Combination Therapy containing REBETOL  (Ribavirin,  USP) Capsules
and  INTRON(R)  A  (Interferon  alfa-2b,  recombinant)  Injection,  the  current
standard of care, in previously  untreated chronic hepatitis C patients. A total
of 1,530  patients  from 62 sites  worldwide  (33 U.S., 5 Canada,  22 Europe,  2
Other) were randomized to three treatment arms:

(A)  PEG-INTRON  Injection 1.5 mcg/kg once weekly (QW) plus REBETOL Capsules 800
     mg/daily for 48 weeks (PEG 1.5/R);
(B)  PEG-INTRON  1.5 mcg/kg QW plus  REBETOL  1000-1200  mg/daily for four weeks
     followed by PEG-INTRON 0.5 mcg/kg QW plus REBETOL 1000-1200 mg/daily for 44
     weeks (Peg 0.5/R); or

----------

     (1)  Defined as HCV-RNA  below limit of  detection  using a  research-based
          RT-PCR assay.


                                       2
<PAGE>


(C)  INTRON A Injection 3 MIU/three times weekly plus REBETOL Capsules 1000-1200
     mg/daily for 48 weeks (REBETRON).

     The  demographic/disease  characteristics  of  patients  in this study were
similar to those in previous  Schering-Plough  hepatitis C registration studies:
66% male; mean age 44 years; mean body weight 83 kg,  pretreatment  HCV-RNA (NGI
LLQ 100 copies/ml)>2  million copies 68%; and HCV genotype 1 (68%),  genotypes 2
and 3 (29%), other genotypes (3%) (InnoLipa, Innogenetics).

     Patients  in the PEG  1.5/R arm  achieved  significantly  higher  SVR (54%)
overall  compared to patients in the REBETRON arm (47%),  while  patients in the
PEG  0.5/R  arm  achieved  numerically  similar  SVR  (47%) to  those  receiving
REBETRON.  When  analyzed on a  dose/body-weight  basis  (>10.6 mg/kg of REBETOL
daily),  SVR was 61% overall for patients in the PEG 1.5/R arm,  compared to 48%
for patients in the PEG 0.5/R arm and 47% for patients in the REBETRON arm.

     Consistent with previous studies, the rates of sustained virologic response
in this study were  greatly  influenced  by genotype,  with  patients in the PEG
1.5/R arm with  genotype  1, the  predominant  genotype  worldwide  and the most
difficult  to treat,  achieving  42% SVR compared to 34% and 33% for patients in
the  PEG  0.5/R  arm  and  REBETRON  arm,  respectively.   When  analyzed  on  a
dose/body-weight basis (>10.6 mg/kg of REBETOL daily), patients in the PEG 1.5/R
arm with  genotype 1 achieved  48% SVR  compared to 34% for patients in both the
PEG 0.5/R arm and the REBETRON  arm.  Patients  with  genotypes 2 and 3 in these
treatment arms achieved 88%, 80% and 80% SVR, respectively.

     The safety profile of both doses of PEG-INTRON  plus REBETOL was similar to
that for REBETRON, with no new types of adverse events observed. Discontinuation
of therapy for adverse  events was similar in all three  treatment  groups:  PEG
1.5/R (14%), PEG 0.5/R (13%),  REBETRON (13%), as was dose  modifications,  42%,
36%, and 34%, respectively.


                                       3
<PAGE>


                 PEG-INTRON PLUS REBETOL PIVOTAL PHASE III STUDY

                         (Sustained Virologic Response)


<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------
RESULTS:                         (A) PEG 1.5/R    (B) PEG 0.5/R    (C) REBETRON     A vs. C
---------------------------------------------------------------------------------------------
<S>                                   <C>              <C>             <C>          <C>
SVR (overall)                         54%              47%             47%          p=0.01
---------------------------------------------------------------------------------------------
SVR Genotype 1                        42%              34%             33%          p=0.02
---------------------------------------------------------------------------------------------
SVR Genotypes 2&3                     82%              80%             79%
---------------------------------------------------------------------------------------------

Optimized Weight-Based Dosing
-----------------------------
(>10.6 mg/kg/daily REBETOL*)
---------------------------------------------------------------------------------------------
SVR (overall)                         61%              48%             47%
---------------------------------------------------------------------------------------------
SVR Genotype 1                        48%              34%             34%
---------------------------------------------------------------------------------------------
SVR Genotypes 2 & 3                   88%              80%             80%
---------------------------------------------------------------------------------------------
</TABLE>

PEG-INTRON

     Additional PEG-INTRON  presentations at AASLD included a study showing that
treatment  with  PEG-INTRON  resulted  in higher  rates of  sustained  virologic
response in Black and Hispanic  patients  compared to standard alpha  interferon
therapy.  Another study with PEG-INTRON showed that sustained virologic response
is associated with marked improvement in hepatic inflammation and fibrosis,  and
also showed that patients who do not achieve a sustained  response,  i.e.  those
who relapse following treatment or who are nonresponders,  also show improvement
in hepatic fibrosis.  Study  investigators  suggested that further evaluation is
warranted to  determine  whether  some  patients  may benefit  from  maintenance
therapy with PEG-INTRON.

     A study  presented by John B. Wong,  M.D.,  Tufts  University,  New England
Medical Center,  Boston, Mass.,  estimated the  cost-effectiveness of PEG-INTRON
plus  REBETOL  for a range of  possible  trial  outcomes as compared to REBETRON
Combination  Therapy or no antiviral therapy.  In his study, Wong concluded that
if trial results  suggest that  PEG-INTRON  plus REBETOL  increases the relative
rate of sustained virologic response,  then 48 weeks of combination therapy with
PEG-INTRON plus REBETOL should provide good value for its clinical benefit.


                                       4
<PAGE>


     Except for the historical  information herein, the matters discussed herein
include  forward-looking  statements  that may  involve  a number  of risks  and
uncertainties.  Actual  results  may vary  significantly  based upon a number of
factors which are described in the Company's Form 10-K,  Form 10-Qs and Form 8-K
on file with the SEC,  including  without  limitation,  risks in  obtaining  and
maintaining  regulatory approval for expanded indications,  market acceptance of
and  continuing  demand  for  Enzon's  products  and the  impact of  competitive
products and pricing.


                                       5
<PAGE>


                                   SIGNATURES

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.


Dated: November 2, 2000


                                                ENZON, INC.
                                                ----------------------
                                                (Registrant)

                                        By:     /S/  KENNETH J. ZUERBLIS
                                                -------------------------
                                                Kenneth J. Zuerblis
                                                Vice President, Finance
                                                and Chief Financial
                                                Officer


                                       6


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