"This data shows the exciting promise of using a tumor's biology to improve a surgeon's precision in the operating room," said Dr. Unkart. "Knowing that a patient's breast cancer was fully removed upon first attempt will be of comfort to both patient and doctor, potentially preventing tens of thousands of reoperations each year."
"I'm delighted to share our successful Phase 1b results, an important milestone for Avelas Biosciences, at the San Antonio Breast Cancer Symposium," said Carmine N. Stengone, president and chief executive officer of Avelas Biosciences. "Looking ahead we plan to move into a Phase 2 clinical trial of AVB-620 in breast cancer in the first half of 2017, while also pursuing expansion opportunities in additional tumor types. Our hope remains that this is a first and important step towards our company goal of creating better outcomes for cancer patients."
About Avelas Biosciences
Avelas Biosciences is a San Diego-based biotechnology company focused on developing technologies that advance a new standard-of-care for cancer surgery and therapeutic intervention. The company's lead candidate, AVB-620 has completed a Phase 1b clinical trial assessing safety, pharmacokinetics and fluorescence properties using tissue image analysis. The initiation of a Phase 2 clinical trial for AVB-620 in breast cancer is expected in the first half of 2017. Avelas was founded by Avalon Ventures on technology from Roger Y. Tsien, Ph.D., co-winner of the 2008 Nobel Prize in chemistry and professor of pharmacology, chemistry and biochemistry at University of California San Diego School of Medicine, who passed away in 2016. For additional information, please visit www.avelasbio.com.
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SOURCE Avelas Biosciences, Inc.