Innovation Pharmaceuticals Inc (IPIX)

[sox040713]

Prurisol—Psoriasis: Interim Analysis of Phase 2b trial (3Q2017).

The ongoing randomized, double-blind, parallel-group and placebo-controlled study (see NCT02949388) increases the total daily oral dosing of Prurisol from a previous high of 200 mg, which earlier was shown to be well-tolerated and efficacious, to include oral Prurisol 300 mg per day, oral Prurisol 400 mg per day, and placebo (3:1:3 randomization). Enrolling approximately 189 patients with moderate-to-severe chronic plaque psoriasis, treatment duration is 12 weeks (84 days). Interim analysis is planned at 6 weeks. Currently, between patients already enrolled and those presently in screening, the Company has reached over 70 percent of the anticipated number of trial participants. Efficacy is being evaluated using the Psoriasis Area and Severity Index (PASI). Cellceutix believes now is an opportune time to develop an oral treatment for psoriasis. Currently approved treatments, including injectable biologics, are limited, with many options costly, not easily administered, associated with undesirable side-effects and/or diminishing effectiveness over time. A novel psoriasis drug, particularly one that is oral, safe and effective, which could expand patient and physician choices for treatment, likely would command significant market value.

http://www.ipharminc.com/press-release/2017/5/10/cellceutix-provides-corporate-update-significant-milestones-ahead-as-multiple-mid-phase-clinical-trials-set-to-conclude