logo-loader
viewMidatech Pharma PLC

Midatech Pharma gets green light for additional trial

Midatech wants to see whether it is clinically effective administering MTD201 via a subcutaneous injection, which means going into a layer of the skin rather than muscle

Midatech Pharma PLC -

Midatech Pharma PLC (LON: MTPH; NASDAQ:MTP) said it had received the regulatory green light for a trial that may eventually pave the way for its long-acting drug to be administered by patients at home.

MTD201 has already negotiated a phase I study which showed it to have significant advantages over Novartis' Sandostatin LAR, the current standard of care.

The treatment is being developed for people suffering acromegaly, where the body produces too much growth hormone, and neuroendocrine tumours, which affect hormone-releasing cells and can sometimes be cancerous.

The point of the additional trial is to assess the delivery mechanism.

Midatech wants to see whether it is clinically effective administering MTD201 via a subcutaneous injection, which means going into a layer of the skin rather than muscle.

Using this method would reduce the pain of the jab and “allow the potential for self-administration at home without the need to for hospital visits to receive drug injections”.

Data from the trial on 28 healthy people will be available towards the end of the year, or early 2020, ahead of the pivotal registration study next year.

MTD201 incorporates the company’s Q-Sphera sustained release technology.

Quick facts: Midatech Pharma PLC

Price: 6 GBX

AIM:MTPH
Market: AIM
Market Cap: £24.59 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Midatech Pharma PLC named herein, including the promotion by the Company of Midatech Pharma PLC in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Investor Update: accesso Technology announces deal with The New York...

Top stories from the Proactive Investors UK newsroom: accesso Technology Group PLC (LON:ACSO) has signed a three-year partnership with The New York Botanical Garden (NYBG) to supply its Passport, Siriusware and Ingresso products. Based near The Bronx, the NYBG attracts over 1mln visitors...

on 13/6/19

RNS

Holding(s) in Company

10 hours, 14 minutes ago

Holding(s) in Company

2 days, 9 hours ago

PDMR Dealing

1 week, 4 days ago

PDMR Dealing

2 weeks ago

PDMR Dealing

2 weeks, 1 day ago

Award of Options to a Director

2 weeks, 2 days ago

2 min read