A Study of BAY 43-9006 in Combination With Bicalutamide in Patients With Chemo-Naïve Hormone Refractory Prostate Cancer

Inclusion Criteria: 1. Patients must have a histologic or cytologic diagnosis of adenocarcinoma of the prostate. 2. Patients must have low-bulk asymptomatic metastatic or biochemical recurrent disease for which no curative therapy exists. 3. Patients must have documented evidence of PSA progression while receiving androgen ablative therapy, i.e. must be hormone refractory. 4. The PSA must be \> 5 μg/L at the time of study entry. 5. ECOG performance status of 0 or 1. 6. Age 18 years of age or older 7. Patients must have a life expectancy of at least 12 weeks. 8. Chemotherapy: No prior cytotoxic chemotherapy is permissible. Neoadjuvant or adjuvant chemotherapy is permissible provided it was \> 12 months prior to registration. 9. Hormonal Therapy: * Prior hormone therapy in the form of medical or surgical castration is required. Patients must be hormone refractory and have been previously and currently treated with androgen ablative therapy. * Patients may have received up to one line of non-steroidal anti- androgens in combination with chemical or surgical castration. Use of prior Bicalutamide is restricted to less than 3 months of continuous usage. Patients must be off anti-androgens for at least 6 weeks prior to study entry. 10. Radiation: Prior external beam radiation is permitted provided a minimum of 4 weeks has elapsed between the last dose and enrollment to the trial. 11. Steroids. Current treatment with steroids ≤ an equivalent of prednisone 20 mg day is permitted. 12. Men of childbearing potential must use an effective form of contraception i.e. double barrier method. 13. Laboratory Requirements - within 7 days prior to enrollment Hematology: Hemoglobin ≥ 100g/L Neutrophils \> 1.5 x 109/L Platelets \> 100 x 109/L INR ≤ 1.5 x upper limit of normal Biochemistry: AST, ALT within normal limits Bilirubin within normal limits Serum creatinine ≤1.5 x upper limit of normal 15\. Patient consent must be obtained 16. Patients must be accessible for treatment and follow-up. 17. Protocol treatment is to begin within 5 working days of patient registration. Exclusion Criteria: 1. Prior use of BAY 43-9006 or other VEGF/VEGFR or EGFR targeting agents. 2. Patients with a history of other malignancies, except: adequately treated non-melanoma skin cancer or other solid tumours curatively treated with no evidence of disease for \> 5 years. 3. Patients with known brain metastases or leptomeningeal disease 4. History of allergic reactions attributed to compounds of similar chemical or biologic composition to BAY 43-9006 or other agents used in the study. 5. Other serious intercurrent illness or medical condition that might be aggravated by protocol treatment including:myocardial infarction within 6 months prior to study entry: * myocardial infarction within 6 months prior to study entry * congestive heart failure * unstable angina * cardiomyopathy * unstable ventricular arrhythmia * uncontrolled hypertension (systolic blood pressure ≥ 160, diastolic blood pressure ≥100) * controlled psychotic disorders * serious infections * peptic ulcer disease * history of bleeding diathesis 6. Upper gastrointestinal or other conditions that would preclude compliance with oral medication. 7. Patients with immune deficiency are at increased risk of lethal infections when treated with marrow-suppressive therapy. Therefore, HIV-positive patients receiving combination anti-retroviral therapy are excluded from the study because of possible pharmacokinetic interactions with BAY 43-9006. Appropriate studies will be undertaken in patients receiving combination anti-retroviral therapy when indicated. 8. Patients who require large amounts of narcotic therapy to control pain (e.g. morphine equivalent dose \> 30 mg/day) since these patients would more appropriately be offered systemic chemotherapy. 9. Patients who require therapeutic anticoagulation.