NEW YORK, September 17, 2015 /PRNewswire/ --
ACI Association has initiated research coverage on Vital Therapies, Inc. (NASDAQ: VTL). Select highlights from the internally released reports are being made available to the general public (included below), with access to the entirety of the research available to new members.
Today, membership is open to readers on a complementary basis at the following URL: http://www.aciassociation.com/reports?keyword=VTL
Highlights from our VTL Report include:
- Performance Highlights from Q2 2015 - On July 30, 2015, the biotherapeutic company Vital Therapies, Inc. announced results for the second quarter ended June 30, 2015. The Company reported a net loss attributable to the common stockholders of $15.1 million or $0.63 per share for Q2 2015, as against the net loss attributable to the common stockholders of $16.3 million or $0.91 per share for the same period a year earlier. During the quarter, total operating expenses grew to $15.1 million from $11.6 million in the year ago period.
- Key developments from the quarter - As of July 29, 2015, Vital Therapies enrolled eighteenth subject in its second phase 3 clinical trial, VTI-210. This trial is a randomized, controlled, open-label study evaluating the ELAD System in severe acute alcoholic hepatitis subjects who have failed standard therapy.
For VTI-212, a single-arm, phase 2 clinical trial, evaluating the ELAD System in 40 subjects with either fulminant hepatic failure or surgery-induced liver failure, Vital Therapies has enrolled the seventh subject as of July 29, 2015. The top-line results from VTI-212 are expected to be released in 2016.
In July 2015, Vital Therapies presented a poster titled "Expression of Acute-Phase Proteins by ELAD C3A Cells" at the International Liver Transplantation Society's 21st Annual International Congress. The poster described that ELAD's VTL C3A cells produce several key anti-inflammatory proteins that can decrease inflammation of the liver in patients with alcohol-induced liver decompensation (AILD).
The Company also informed that it is on schedule to release top-line results from its VTI-208 clinical trial during the third quarter of 2015.
- Management's Note - "As we approach data lock and analysis of VTI-208 results, we are pleased to report we are on schedule to report topline results later this quarter," Chief Executive Officer and Co-Chairman of Vital Therapies, Terry Winters, said while commenting on the financial performance. He further added, "VTI-208 is the largest liver support system clinical trial ever conducted, was run on three continents and enrolled 203 subjects. Needless to say we are excitedly awaiting these results."
To find out how this influences our rating on Vital Therapies, Inc., read the full report in its entirety here: http://www.aciassociation.com/reports?keyword=VTL
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