Pharmaxis submits Investigational New Drug application for treatment of myelofibrosis
The application to the US Food and Drug Administration (FDA) is for a planned phase 1/2 study of PXS-5505 which is expected to start later this year.
Company
ASX:PXS
Syntara Ltd is a clinical-stage drug development company focused on the development of novel therapeutics aimed at correcting extracellular matrix (ECM) dysfunction. This will lead to positive outcomes in a range of diseases with high unmet need, including haematological malignancies such as myelofibrosis and myelodysplastic syndrome, chronic fibrosis (including skin scarring, pulmonary fibrosis, chronic kidney disease, NASH and cardiac fibrosis) and neuroinflammation.
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The application to the US Food and Drug Administration (FDA) is for a planned phase 1/2 study of PXS-5505 which is expected to start later this year.
Orphan designation qualifies the sponsor of the drug for various development incentives such as reduced regulatory fees and extended periods of market exclusivity.
Resubmission follows Chiesi Group’s successful completion of a supplemental human factor study which was the most significant body of additional data required by the FDA.
Resubmission follows Chiesi Group’s successful completion of a supplemental human factor study which was the most significant body of additional data required by the FDA.
The new US-based non-executive director is an experienced senior global pharma and biotech executive.
The company completed both its phase 1b trial of its systemic pan‐LOX inhibitor and a further phase 1 dosing study of its LOXL2 inhibitor in March.
A pre-clinical program, regulatory advice and opinion from leading clinicians supports progression into phase 2 study of the rare bone cancer with high unmet need and significant market opportunity.
The company is adding to the LOXL2 data package with a small but important phase 1 study investigating the effect of food and different dosing regimens.
Boehringer Ingelheim diabetic eye study continues after discontinuation of NASH trial.
The company’s CEO Gary Phillips has presented during the 2019 AusBiotech Conference in Melbourne.
The FDA review of the Bronchitol NDA (new drug application) is expected to be completed in the second quarter of 2020.
This drug is targeting the treatment of cancers including myelofibrosis and pancreatic cancer.
Receipt of this incentive adds to the company’s cash funds, which were $31 million at 30 June 2019.
Pharmaxis was ranked 38 out of the 100 companies named as innovators in the small to medium- sized enterprises category.
The company is confident that the FDA will have the information it requires to be able to approve Bronchitol by Q1 2020.
If Bronchitol is approved by the US FDA, Pharmaxis will receive US$10 million.
If Bronchitol is approved later this year, Pharmaxis is down to receive US$10 million.
The US Food and Drug Administration has convened a meeting of the Pulmonary-Allergy Drugs Advisory Committee on May 8, 2019.
The company is developing a pipeline of products to treat inflammation and fibrosis.
Boehringer Ingelheim has completed enrolment of the Phase 2a clinical trial of a Pharmaxis developed drug in NASH.