Inclusion Criteria:

- Male or female patient > 18 years of age AND

- A confirmed diagnosis of PV AND

- Biochemical evidence of active disease as defined by:

- a need for phlebotomy within last 3 months

- a leukocyte count > 10 x 10^9/L in the absence of infection or inflammation
(normal CRP) and/or (PV/ET)

- a platelet count > 450 x 10^9/L in the absence of infection or inflammation
(normal CRP)(PV/ET) OR

- Male or female patient > 18 years of age AND

- A confirmed diagnosis of ET AND

- Biochemical evidence of active disease as defined by *a platelet count > 450 x 10^9/L
in the absence of infection or inflammation

Inclusion Criteria for both PV and ET:

- Newly diagnosed or previously treated patient in chronic phase OR

- Advanced phase PV or ET as defined by blasts of > 1 x 10^9/L in the peripheral blood
and/or white cell count > 30 x 10^9/L OR

- Resistant or refractory PV or ET as defined by haemoglobin < 10.5 gm/dl with a
platelet count > 600 x 10^9/L on current therapy OR

- Cycling platelet counts on therapy OR

- Intolerant to other therapies defined by patients with PV or ET who have side effects
on current therapies preventing continuation (leg ulcers on hydroxycarbamide,
unacceptable fatigue etc on interferon)

Exclusion Criteria:

- A platelet count > 1500 x 10^9/L (a need for cytoreduction in platelet count)

- Patients of childbearing potential without a negative pregnancy test prior to
initiation of study drug

- Women who are breast feeding

- Males and females not using contraceptives if sexually active.

- EGOC Performance status Score > or = 3

- Serum creatinine more than 2 x's teh ULN

- Total serum bilirubin more than 1.5 x's the ULN

- Serum AST/ALT more than 3 x's the ULN

- Interferon alpha within 1 week of day 1

- Hydroxycarbamide within 1 week of day 1

- Anagrelide within 1 week of day 1

- Valproic acid (as an anticonvulsant) within 28 days of day 1

- Any other investigational drug within 28 days of day 1

- Active HIV, HBV or HCV infection

- Any serious concomitant disease or circumstances that could limit compliance with the
study, including but not limited to the following: CTCAE grade 3-4 cardiac general &
arrhythmia, or psychiatric or social conditions that may interfere with patient
compliance.

- Any prior malignancy with the exception of cervical intraepithelial neoplasia, basal
cell carcinoma of the skin, or other localized malignancy that has undergone
potentially curative therapy with no evidence of that disease for five years, and who
is deemed to be at low risk for recurrence by his/her treating physician.

- Patient has a known allergy or hypersensitivity to study drug.