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 The leading web portal for pharmacy resources, news, education and careers November 23, 2017
Pharmacy Choice - Pharmaceutical News - UPDATE: Arix Bioscience Notes Verona Gets US FDA Approval For Trial - November 23, 2017

Pharmacy News Article

 4/18/17 - UPDATE: Arix Bioscience Notes Verona Gets US FDA Approval For Trial

LONDON (Alliance News) - Verona Pharma PLC on Tuesday said that the US Food & Drug Administration has cleared the initiation of a clinical trial in the US for its RPL554 candidate.

RPL554 is currently in development for the treatment of chronic obstructive pulmonary disease and cystic fibrosis.

Verona plans to kick-off a pharmacokinetic clinical trial in the middle of this year in around 12 healthy volunteers, with top line data expected in the fourth quarter of 2017.

Arix Bioscience PLC noted the approval as it holds a 6.6% stake in Verona Pharma.

"Verona is a dynamic company with an important drug asset, which we believe has the potential to address significant unmet needs in respiratory medicine. RPL554 has shown potential in chronic obstructive pulmonary disease and cystic fibrosis. This authorisation by the FDA puts it on a path towards advancing this promising candidate towards approval," said Arix Chief Executive Joe Anderson.

Shares in Verona were up 0.7% at 137.0 pence on Tuesday, while Arix shares were up 3.6% at 194.30 pence.

Copyright 2017 Alliance News Limited. All Rights Reserved.

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