Get the Latest Investment Ideas Delivered Straight to Your Inbox. Subscribe

News Update


Pharma Developer Reports Interim Data Is Trending Positively in Phase 2b/3 COVID-19 Trial
News Update

Share on Stocktwits


Algernon Pharmaceuticals reported that interim data from its Phase 2b/3 Ifenprodil COVID-19 study is showing very positive signs of reducing the need for mechanical ventilators.

In a news release, Algernon Pharmaceuticals Inc. (AGN:CSE; AGNPF:OTCQB; AGW:FSE) announced that the results it is observing from interim data in the Phase 2b part of its Phase 2b/3 clinical study of Ifenprodil for COVID-19 are trending in a positive direction.

Algernon Pharmaceuticals stated that a key endpoint in the study is defined as ventilation by day 15. The firm noted that it has noticed a trend toward fewer patients requiring mechanical ventilation in those patients who were administered the high dose Ifenprodil treatment, compared to patients in the control group. The consensus in the medical community presently is that mechanical ventilation is associated with poor prognosis and outcomes in COVID-19 patients and often results in greater risk of mortality and other serious complications.

The company advised that "although all patients had similar mean WHO and NEWS scores at day 15, there was a trend in the high dose group of Ifenprodil patients to reduce the NEWS score more quickly than control after treatment was initiated."

The firm noted that this suggests that patients may be recovering more quickly with Ifenprodil, which might help in reducing the number of days required for hospitalization. The company pointed out that even though the average number of days in the hospital is not one of the exact predetermined metrics included in the interim analysis, this data will be included in the final data set as some other firms have been successful at gaining emergency use authorization from the U.S. Food and Drug Administration based solely upon the ability to reduce the number of in-hospital days.

Algernon indicated that in the trial Ifenprodil has shown to be well tolerated and that no new serious safety concerns have been identified. The company said that the majority of adverse events reported were only mild to moderate in severity.

The firm commented that it had originally planned to use the data from the first 75 patients in the interim review, but it decided to increase the number to up to 123 patients for some of the parameters in the study since that data has become available. The company anticipates that the final Phase 2b data set will be available in Q1/21.

The company indicated that when the final data set is presented it will include additional key endpoints that were not analyzed in the interim data and said these other metrics will include items such as time to discharge from the hospital and time on mechanical ventilation.

The firm noted that the primary goals of the Phase 2b section of the trial is identify the appropriate endpoints for the Phase 3 portion of the study and to determine the number of patient participants necessary to insure that the results will be statistically significant.

The company's CEO Christopher J. Moreau remarked, "While we are very pleased that the interim data has provided us with some positive trending information, we still need to evaluate the full definitive results and statistics to be presented with the final data set...We will be especially interested to see the numbers on the overall time spent on ventilation and rate to ventilation to be reported in the final data set."

Algernon Pharmaceuticals commented that it is not making claims currently of any kind regarding the ability of Ifenprodil to contain, cure or eliminate SARS-CoV-2.

Algernon described NP-120 (Ifenprodil) as "a N-methyl-D-aspartate (NMDA) receptor antagonist specifically targeting the NMDA-type subunit 2B (Glu2NB) that prevents glutamate signaling," and explained that NMDA receptors are found on many types of tissues including lung cells, T-cells, and neutrophils.


1) Stephen Hytha compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. He or members of his household own securities of the following companies mentioned in the article: None. He or members of his 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.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Algernon Pharmaceuticals, a company mentioned in this article.
6) This article does not constitute medical advice. Officers, employees and contributors to Streetwise Reports are not licensed medical professionals. Readers should always contact their healthcare professionals for medical advice.

Want to read more about Biotechnology / Pharmaceuticals investment ideas?
Get Our Streetwise Reports Newsletter Free and be the first to know!

A valid email address is required to subscribe