The 2 sites covered under this ethics approval are Cairns Hospital, QLD and Concord Repatriation General Hospital, NSW. The Company is awaiting ethics approval from 1 additional site in Australia and 2 sites from New Zealand that are participating in the study. Enrollment in the Ifenprodil Phase 2 IPF and chronic cough clinical trial is expected to begin in late June 2020.
"Novotech, our Asia-Pacific CRO partner continues to meet their projected timelines for this very important study," said Christopher J. Moreau CEO of Algernon. "We look forward to conclusion of the ethics approval process and announcing the enrolment of the first patient in the trial."
Phase 2 IPF & Chronic Cough Study Summary:
About NP-120 (Ifenprodil)
NP-120 (Ifenprodil) is an N-methyl-D-aspartate (NMDA) receptor antagonist specifically targeting the NMDA-type subunit 2B (Glu2NB). Ifenprodil prevents glutamate signalling. The NMDA receptor is found on many tissues including lung cells and T-cells, neutrophils.
About Algernon Pharmaceuticals Inc.
Algernon is a drug re-purposing company that investigates safe, already approved drugs for new disease applications, moving them efficiently and safely into new human trials, developing new formulations and seeking new regulatory approvals in global markets. Algernon specifically investigates compounds that have never been approved in the U.S. or Europe to avoid off label prescription writing.
Algernon has filed new intellectual property rights globally for NP-120 (Ifenprodil) for the treatment of respiratory diseases and is working to develop a proprietary injectable and slow release formulation.
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