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TICKERS: AGN; AGNPF; AGW

Biopharma Starts Enrollment Screening for Phase 2 Pulmonary Fibrosis, Cough Trial
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Source:

In the study, Algernon Pharmaceuticals will test an existing drug that is being repurposed for these indications.

Algernon Pharmaceuticals Inc. (AGN:CSE; AGNPF:OTCQB; AGW:FSE) announced in a news release it began screening patients for potential enrollment in its Phase 2 clinical trial evaluating NP-120, or Ifenprodil, in idiopathic pulmonary fibrosis and chronic cough, areas of significant unmet need.

"This is a very appropriate time to remind our shareholders that Ifenprodil was initially selected for advancement into a human clinical trial based on its strong animal data for idiopathic pulmonary fibrosis and chronic cough," Algernon CEO Christopher Moreau said in the release.

The five sites that will participate in the study, three in Australia and two in New Zealand, completed initiation after receiving appropriate ethics approval.

This Phase 2 trial comes after animal studies in both indications showed Ifenprodil to yield better results than similar therapies.

Regarding idiopathic pulmonary fibrosis, one study showed that treatment with ifenprodil reduced fibrosis by 56% versus untreated controls (p=0.015), outperforming Pirfenidone and Nintedanib, two approved drugs.

In an acute cough study, Ifenprodil outperformed Merck's Phase 3 drug MK-7264, or Gefapixant, by 110%.

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Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Algernon Pharmaceuticals. Click here for important disclosures about sponsor fees. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with Algernon Pharmaceuticals. Please click here for more information.
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