PETAH TIKVA, Israel, May 21, 2019 PolyPid Ltd., a clinical-stage biopharmaceutical company focused on developing and commercializing novel, locally administered therapies, announced today that the United States Food and Drug Administration (FDA) has granted a second Qualified Infectious Disease Product (QIDP) designation to D-PLEX100 for the prevention of post-abdominal surgery incisional infection.
D-PLEX100, PolyPid's lead product candidate, had previously received both QIDP designation and Fast Track status from the FDA for the prevention of sternal wound infection post cardiac surgery, one of the most devastating complications with a mortality rate of up to 40 percent when deep sternal infection occurs. Plans are currently underway for PolyPid to commence their Phase 3 clinical trial in cardiac surgery in the second half of 2019.
"This additional QIDP designation for D-PLEX100 in abdominal surgery expands significantly the potential surgical population that may benefit from D-PLEX100," said Amir Weisberg, PolyPid's Chief Executive Officer. "Abdominal surgeries, and especially those involving colorectal resection are notorious for their high rates of surgical site infections (SSIs), and the need for preventive solutions is acute. At this time, we remain focused on completing the Phase 2 study of D-PLEX100 in abdominal surgery for which we plan to report top-line results in the second half of this year"
PolyPid's lead drug product candidate, D-PLEX100, is a novel product designed to provide local and prolonged anti-bacterial activity directly at the surgical site to prevent SSIs. Following the administration of D-PLEX100 into the surgical site, the PLEX technology enables the prolonged and constant release of high local concentration of broad-spectrum antibiotic for a period of four weeks, thus allowing effective prevention of infection after surgery with increased potential to eradicate antibiotic resistant bacteria.
PolyPid is a clinical stage biopharmaceutical company focused on developing and commercializing novel, locally administered therapies using its transformational PLEX (Polymer-Lipid Encapsulation Matrix) technology to treat a wide variety of localized medical conditions with an initial focus on the management of surgical site infections. PLEX-based products have demonstrated an excellent efficacy and safety profile during extended clinical trials, with more than 100 patients treated in clinical trials to date. PolyPid's technology and products are based on the inventions of Dr. Noam Emanuel, the Founder and the Chief Scientific Officer of the company.
For additional company information, visit www.polypid.com.
Forward looking Statement
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Dikla Czaczkes Akselbrad
Chief Financial Officer
SOURCE Polypid Ltd.