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.



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

Oxford Pharmascience Timeline

Related Articles

June 25 2015
Allergy Therapeutics has renewed momentum - as its announcement this morning showing a kick-start to its US growth ambitions aptly demonstrated.
November 17 2015
Biotech Summit Therapeutics (LON:SUMM is edging closer to a huge 'inflection point', which could potentially transform its fortunes.
September 09 2015
The impending return of ImmuCyst, a bladder cancer treatment, following a three year absence is one of the drivers as is a new product, Diclectin.

© 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.