Paradigm Biopharmaceuticals granted European patent
During 2018, Paradigm will release the results of its two phase II arthritis clinical trials.
Company
ASX:PAR
Paradigm Biopharmaceuticals Ltd (ASX:PAR) is a drug repurposing company driven by core competencies and experience at board and executive level in clinical and commercial pharmaceutical development. The company’s approach is to take an existing approved drug, which has demonstrated safety in its approved indications, and repurposing the drug in a new patented therapeutic application. Paradigm’s pipeline indications cover the use of pharmaceutical compound Pentosan Polysulfate Sodium (PPS), supported by full patent and IP protection and its immediate commercial focus is the repurposing of PPS for the treatment of Osteoarthritis (OA).
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During 2018, Paradigm will release the results of its two phase II arthritis clinical trials.
The company is well advanced with two clinical trials aimed at diseases for which there are very few safe and effective drugs.
Paradigm aims to repurpose pentosan polysulfate sodium (PPS), an FDA-approved drug.
The placement was expanded due to strong demand from investors.
The halt will remain in place until Monday 6th November 2017.
The commencement of participant dosing follows ethics approval.
The Osteoarthritis market represents a significant opportunity for Paradigm.
Knee osteoarthritis is a condition with a significant unmet medical need.
The clinical trial is of the drug Pentosan Polysulfate Sodium for the treatment of Ross River virus.
PPS is a new multi-acting treatment for hay fever, bone bruising and viral arthritis.
PPS is a new multi-acting treatment for hay fever, bone bruising and viral arthritis
The Ross River virus affects hundreds of thousands of people in South Asia each year and there is currently no effective treatment for either disease
This will be the company's fourth active clinical trial.
Paradigm will focus on the Phase 2 Bone Marrow Edema clinical trial.
Paul Rennie is a major shareholder in the company.
Paradigm has signed a worldwide exclusive in-license agreement.
The company remains on track for its other PPS-related programs.
The halt will remain in place until Monday 19th June 2017.
The ethics approval means this is Paradigm's fourth active clinical trial.
Paul Rennie talked timeline to clinical trial results with investors.