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TICKERS: AGN; AGNPF; AGW

Biopharma Announces Pulmonary Fibrosis Trial Now 25% Enrolled
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Five sites in Australia and New Zealand are participating in this study of Algernon Pharmaceuticals' drug.

Algernon Pharmaceuticals Inc. (AGN:CSE; AGNPF:OTCQB; AGW:FSE) announced in a news release that 25% enrollment has been achieved for the Phase 2 clinical trial of the repurposed drug NP-120, Ifenprodil, as a treatment for idiopathic pulmonary fibrosis (IFP) and chronic cough.

"IPF and chronic cough are very serious conditions. . .and our team is working hard to make sure our clinical program of investigating Ifenprodil as a possible treatment continues to move forward on schedule," CEO Christopher Moreau said in the release.

Five sites, three in Australia and two in New Zealand, are participating in this open-label, 20-patient, proof-of-concept study.

The purpose of this clinical trial is to determine the extent of efficacy of Ifenprodil in preserving lung function in patients with idiopathic pulmonary fibrosis and associated cough.

"Ifenprodil has been shown to mediate anti-inflammatory responses and reduce pulmonary fibrosis in a murine model of (IPF). In addition, Ifenprodil significantly reduced both cough frequency and onset in a guinea pig acute cough model," the company stated.

The Vancouver-based biopharmaceutical firm also has a COVID-19 trial underway, in which Ifenprodil is being assessed as a possible therapeutic.

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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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