Market Overview

Exclusive: Interview With DelMar Pharmaceutical CEO Jeffrey Bacha

Share:
Exclusive: Interview With DelMar Pharmaceutical CEO Jeffrey Bacha
Related
12 Biggest Mid-Day Losers For Thursday
22 Stocks Moving In Thursday's Pre-Market Session
Related MRK
Zymeworks: Early But Compelling Data, Large Biopharma Partners And A Potential June Catalyst
The Most Notable Abstracts Released Ahead Of ASCO 2017
Stocks Make Beefy Gains; Netflix Gaps Up; Ulta Spikes After Close (Investor's Business Daily)

Glioblastoma is a rare form of brain cancer that sees less than 200,000 new cases in the United States annually. Vancouver-based Biotech company DelMar Pharmaceuticals Inc (NASDAQ: DMPI) is making significant strides in fighting this rare disease.

With maximum treatment, glioblastoma remains a devastating disease, with the most common length of survival following diagnosis being 12–15 months, with less than 3–5 percent of people surviving longer than five years.

DelMar Pharmaceuticals is taking aggressive steps to combat this disease and create a more favorable outcome with those burdened with a glioblastoma diagnosis.

Its product, VAL-083, is under clinical trials and isn't just some moonshot therapy. It possesses a unique anti-cancer mechanism to overcome chemotherapy resistance, a major reason why most glioblastoma patients don't make it. The company will transition to a late state clinical development this year.

Related Link: Here's Why Seattle Genetics' Adcetris Is A $2 Billion Product

Essentially, VAL-083 attacks the tumor's DNA at a different point compared to current therapy. Another key differentiator with VAL-083 is that it crosses the blood brain barrier, something that most chemotherapies are currently incapable of. This further strengthens its ability to treat brain tumors, which has been the company's primary area of clinical focus to date.

"Median survival in the past had been 8 months for glioblastoma, just by adding our drug in addition to radiotherapy, lived 17 months, changing the game. There is clear evidence that we are going to do something in this population," said DelMar Pharmaceutical CEO Jeffrey Bacha in an exclusive Benzinga interview.

"We really believe this drug can have an impact for patients in some very important and very large big cancer, while that is exciting from an investor point of view, but also from a patient point of view where patients have very little options, it is life changing," added Bacha.

The market potential could be quite large. For example, Merck & Co., Inc. (NYSE: MRK)'s brain cancer drug Temodar generated $989 million in revenue in 2013 before it came off patent. Glioblastoma is a billion-dollar market.

"Even though we are starting out in a focused niche, it really does have true blockbuster potential," Bacha said.

DelMar Pharmaceutical's new clinical studies are making headway for some patients and families desperate to find a cure for this devastating disease.

Full ratings data available on Benzinga Pro.

Do you have ideas for articles/interviews you'd like to see more of on Benzinga? Please email feedback@benzinga.com with your best article ideas. One person will be randomly selected to win a $20 Amazon gift card!

Posted-In: cancer glioblastoma Jeffrey BachaBiotech Health Care Exclusives Interview General Best of Benzinga

 

Related Articles (MRK + DMPI)

View Comments and Join the Discussion!