CORAL SPRINGS, Florida, October 20, 2016 /PRNewswire/ --
For the most part Biotech stocks in general have performed well over the past year or so and appear to be bouncing back from a slump that began in the later part of last year. Some biotechs and pharma companies to keep a close eye on include Teva Pharmaceutical Industries Ltd. (NYSE: TEVA), Moleculin Biotech, Inc. (NASDAQ: MBRX), Amarin Corporation plc (NASDAQ: AMRN), Ritter Pharmaceuticals, Inc. (NASDAQ: RTTR) and Corbus Pharmaceuticals Holdings, Inc. (NASDAQ: CRBP).
Moleculin Biotech, Inc. (NASDAQ: MBRX) today announced a reminder that it will host a conference call to discuss important positive developments regarding Annamycin, its drug candidate for the treatment of Acute Myeloid Leukemia, as well as to provide a general corporate update. The call will be held today, October 20, 2016 at 5:00 pm Eastern Time and can be accessed with the following dial-in information: Participant dial in (toll free): 1-877-418-3859 - Participant international dial in: 1-412-902-6506 -- Please ask to be joined into the Moleculin call. -- Participant Entry Number: 4494430
This conference call will be recorded and made available for replay as follows: US Toll Free: 1-877-344-7529 -- International Toll: 1-412-317-0088 - Canada Toll Free:1-855-669-9658 -- Replay Access Code: 10095171 -- End Date: November 3, 2016 -- To access the replay using an international dial-in number, please select this link: https://services.choruscall.com/ccforms/replay.html
Read this and details for Moleculin Biotech (MBRX) at: http://financialnewsmedia.com/profiles/mbrx.html
Moleculin Biotech announced earlier this month it has secured an agreement with Dermin Sp. Zo. O. ("Dermin") to utilize Dermin's supply of Annamycin for its upcoming clinical trial, substantially reducing the expenditures required of Moleculin for drug product and shortening the time required to produce clinical supplies. "This was an important agreement and key milestone to be reached as it clearly shortens the pathway as well as lowers the expense involved in our clinical timeline and go to market strategy," commented Walter Klemp, Chairman and Acting CEO of Moleculin. "With this agreement in place, our drug product expense for our upcoming clinical trial will be substantially below what we had previously budgeted. Additionally, Dermin's existing supply alleviates any potential drug production constraints and advances our ability to begin our next trial expeditiously."
In other market briefings & developments in the Biotech/Pharma sectors:
Regeneron Pharmaceuticals, Inc. (REGN) and Teva Pharmaceutical Industries Ltd. (NYSE: TEVA) this week provided an update on fasinumab, triggered by a recent development in a Phase 2b fasinumab study in patients with chronic low back pain. Fasinumab is an investigational Nerve Growth Factor (NGF) antibody in clinical development for osteoarthritis pain and chronic low back pain. Read more at finance.yahoo.com/news/regeneron-teva-fasinumab-clinical-development-110000723.html
Amarin Corporation plc (NASDAQ: AMRN) closed up at $3.06 on over 4.66 Million shares traded by the market close on Wednesday. Amarin last month announced that, as expected, the independent data monitoring committee (DMC) has completed its review of the first pre-specified interim efficacy analysis for the REDUCE-IT cardiovascular outcomes study and has recommended that the trial continue as planned without modification. The 8,175-patient outcomes study is evaluating whether treatment with Vascepa® (icosapent ethyl) reduces cardiovascular events in patients who despite stabilized statin therapy have elevated triglyceride levels and other cardiovascular risk factors.
Ritter Pharmaceuticals, Inc. (NASDAQ: RTTR), a pharmaceutical company developing novel therapeutic products that modulate the human gut microbiome to treat gastrointestinal diseases, this week announced that the last patient has completed dosing and all monitoring visits in its Phase 2b/3 clinical trial of RP-G28 for the treatment of lactose intolerance. Topline results of the trial are expected to be announced in the first quarter of 2017.
Corbus Pharmaceuticals Holdings, Inc. (NASDAQ: CRBP), a clinical stage drug development company targeting rare, chronic, serious inflammatory and fibrotic diseases, announced on Tuesday of this week that the European Commission has granted Orphan Designation in the European Union for the Company's novel synthetic oral endocannabinoid-mimetic drug, Resunab, for the treatment of cystic fibrosis ("CF").
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