Register Now
Why register?
Login
 The leading web portal for pharmacy resources, news, education and careers February 9, 2010
Pharmacy Choice - Pharmaceutical News - Welichem Announces Filing of Phase II Multi-centre Clinical Trial Application - February 9, 2010

Pharmacy News Article

 10/1/09 - Welichem Announces Filing of Phase II Multi-centre Clinical Trial Application

BURNABY, BC, Sept. 30 /CNW/ - Welichem Biotech Inc. (the "Company") (TSX-V: WBI) announces the filing with Health Canada of a clinical trial application for its lead, anti-inflammatory drug WBI-1001. The application is for a 3-month, double blinded clinical trial in patients with chronic atopic dermatitis at three trial centres. This filing is a direct result of the successful completion of the long-term, IND-enabling toxicology studies announced April, 2009. Results of these long-term toxicology studies support additional, longer term clinical trials of WBI-1001.

"We are very encouraged by the data on this non-steroidal, anti-inflammatory drug candidate," said Dr. Genhui Chen, Chief Executive Officer. "This application is a significant step forward in our drug development program." Subject to regulatory approval of this application, Welichem plans to initiate the clinical studies in Canada in the Fall of 2009.

As it builds on the successfully completed clinical trials and safety studies of WBI-1001 Welichem's plans for the international phase II/III clinical program are now progressing well.

About WBI-1001

WBI-1001 is a non-steroidal, anti-inflammatory drug candidate that has been shown in prior clinical trials to be effective and to have good safety profile. WBI-1001 is a novel, patented drug candidate that is being developed by Welichem as a new treatment for AD, psoriasis and related diseases.

About Welichem Biotech Inc.

Welichem Biotech Inc. is a publicly-traded biotechnology company developing therapeutic drugs in the fields of inflammatory diseases and cancer.

    <<
    ON BEHALF OF THE BOARD
    Tan Xiangdong, Chairman

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of the content of this news
    release.
    >>

This press release contains forward-looking statements that include our belief as to the potential of our products, such as "results of our toxicology studies support additional, longer term clinical trials of WBI-1001", "the clinical trial application is a significant step forward in our drug development program", "Welichem plans to initiate the clinical studies in Canada in the Fall of 2009" and "Welichem's plans for the international phase II/III clinical program are now progressing well". Certain risks and uncertainties such as our ability to manage our financial resource to implement the clinical trials, to receive approval from Health Canada for the clinical trial application, to implement the clinical trials according to the scheduled time, and to ultimately successfully commercialize the products could cause the Company's actual results to differ materially from those in the forward-looking statements.

%SEDAR: 00021386E




Pharmacy News Index
  Drug Delivery Systems
  Drugstores
  FDA Final Approvals
  Front Page Healthcare News
  Generic Drugs
  Hospital Industry
  Internet Pharmacy
  IT in Healthcare
  Medicare & Medicaid
  Over-the-Counter Drugs
  Pharm Industry Trends and Policy
  Pharmaceutical Development
  Pharmaceutical Industry

LIVE ONLINE CE

Feb 09: The Essentials of Pharmacy Malpractice
Feb 11: Medication Safety in Pregnancy & Lactation
Feb 17: 2009 in Review: New Drugs, Dosage Forms, Indications and Warnings
Feb 21: Malpractice Case Studies in Pharmacy
Feb 22: Update on the Comprehensive Management of COPD
Click for entire Webinar Calendar

Special Announcement

Free Membership
Click Here to register to Win an iPod nano.
Rules and Regulations
Enjoy Free CE, Drug Search, industry newsletters and more...

Nursing Jobs
Are you a nurse looking for a job?

Check out the Nursing Job Source.

Your number one choice for nursing jobs.



Websites » RxCareerCenter.comRxSchool.comRxProHealth.comRxTechSchool.comPharmacyPages.comNursingJobSource.comNurseZone.comRN.com
Copyright © 2009 Pharmacy Choice - All rights reserved.
Terms and Conditions | Privacy Statement
888-682-4415