Argenica Therapeutics' Phase Two Stroke Trial Gets Safety Board Nod; Shares Rise 4%

MT Newswires Live
01-30

Argenica Therapeutics (ASX:AGN) said the independent Data Safety Monitoring Board recommended that the phase two clinical trial of neuroprotective peptide drug candidate, ARG-007, in acute ischaemic stroke patients continue with no modification, according to a Thursday filing with the Australian bourse.

The board reviewed the safety data of the first 76 patients dosed in Argenica's phase two trial, which represents a review of 83% of patients in the study.

The board is an independent multidisciplinary committee consisting of an independent chairperson neurologist, two additional independent neurologists, and a biostatistician with relevant clinical trial experience.

Dosing is 86% complete, with 79 patients dosed in the phase two trial, with eight of the 10 activated hospitals having dosed patients, according to the filing. Dosing of all 92 patients is expected to be completed in the second quarter.

The firm's shares rose past 4% in recent trading on Thursday.

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