ADVENTRX Cleared to Initiate New Cancer Drug Study
by H.S. Ayoub
BioHealthInvestor.com
ADVENTRX Pharmaceuticals (ANX) announced early Tuesday that the FDA has accepted its Investigational New Drug (IND) application for a bioequivalence study of its cancer drug candidate ANX-530.
The study will aim to compare ANX-530, a generic anti-cancer drug, to Navelbine, already approved for small cell cancers.
The new study is to be initiated in 2007, and the company expects to file a New Drug Application (NDA) by end of 2007.
Preclinical studies of ANX-530 have shown the following conclusions:
- Pharmacokinetics were unchanged between ANX-530 and Navelbine
- No Difference in anti-tumor activity was found between the two formulations
- ANX-530 showed less irritation of of the vein and site of injection
Shares of ADVENTRX were trading at $2.75 a share, up more than 4% in pre-market action.
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Related BHI articles:
- ADVENTRX Licenses Antiviral Product To Theragenex
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BioHealthInvestor.com
ADVENTRX Pharmaceuticals (ANX) announced early Tuesday that the FDA has accepted its Investigational New Drug (IND) application for a bioequivalence study of its cancer drug candidate ANX-530.
The study will aim to compare ANX-530, a generic anti-cancer drug, to Navelbine, already approved for small cell cancers.
The new study is to be initiated in 2007, and the company expects to file a New Drug Application (NDA) by end of 2007.
Preclinical studies of ANX-530 have shown the following conclusions:
- Pharmacokinetics were unchanged between ANX-530 and Navelbine
- No Difference in anti-tumor activity was found between the two formulations
- ANX-530 showed less irritation of of the vein and site of injection
Shares of ADVENTRX were trading at $2.75 a share, up more than 4% in pre-market action.
__________
Related BHI articles:
- ADVENTRX Licenses Antiviral Product To Theragenex
__________
posted by Nico at
8:40 AM
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