Sign up UNITED KINGDOM
Proactive Investors - Run By Investors For Investors

Oxford Pharmascience passes statins formulation milestone

Oxford Pharmascience passes statins formulation milestone

Oxford Pharmascience (LON:OXP) has successfully completed the formulation development for its Safestat formulations of Atorvastatin and Simvastatin, the leading generic statin drugs.

The company said it has proven in-vitro release under simulated human conditions.

The Safestat programme aims to reformulate the widely used molecules of atorvastatin and simvastatin into doses one quarter of the original dose without lowering the effectiveness of the cholesterol reducing drugs.

The statins market is a huge one, valued at more than US$29bn in 2009, but many patients report side effects from their use; reducing the dosage may enable more people to use the drugs.

"Completion of formulation development is a first important milestone in the Safestat programme and we are now ready to proceed to manufacture of GMP [good manufacturing practice] products for use in proof of concept clinical trials during 2013," said Marcelo Bravo, chief technology officer of Oxford Pharmascience.

John-H.jpg


Register here to be notified of future OXP Company articles
View full OXP profile

Oxford Pharmascience Timeline

Related Articles

shutterstock_327930536.jpg
May 19 2016
Life sciences firm ValiRx is poised for a busy year ahead as it progresses its lead drugs...
Condoms.
June 22 2016
There has been a change in sentiment towards the pain relief and sexual health products specialist, as news flow has turned positive
Microscope
March 24 2016
Shares were placed at 35p each, a discount of around 4.3% to Tuesday night's close.

© Proactive Investors 2016

Proactive Investor UK Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.