Positive results on Cortrophin. News hasn't done anything to the stock price- suspect this a smaller step in the process with the small study size and focus on assessing steady state in the blood.
BAUDETTE, Minn., Oct. 3, 2019 /PRNewswire/ -- ANI Pharmaceuticals, Inc. ("ANI") (Nasdaq: ANIP) today announced the receipt of clinical data on Cortrophin® Gel (80 units/mL) from a study that evaluated the blood-level cortisol response in a 20-person healthy volunteer population.
Key results:
The results indicate that ANI's Cortrophin® Gel (80 units/mL) is effective for its intended use.
In addition, the clinical data demonstrate that ANI's modernized Cortrophin® Gel (80 units/mL) drug product has a cortisol response profile consistent with that observed in historical scientific literature that evaluated Cortrophin® Gel (44 units/mL) drug product manufactured in the 1960s (Brombacher et. al, 1969).
No adverse safety events to be reported and minor events were as expected.
The final data set from this study will be locked on October 25, 2019.
Arthur S. Przybyl, ANI's President and CEO commented, "These results represent a significant milestone for ANI in our re-commercialization effort for Cortrophin® Gel. In conjunction with our positive results in process and product characterization at commercial scale, method development and validation, release of clinical material and viral clearance, I believe this study demonstrates that we have successfully reproduced the Cortrophin® Gel drug previously manufactured in the 1990s. As such, I believe we will have an approvable drug product. We are excited to submit the Cortrophin® Gel comprehensive supplemental NDA filing currently planned for March 2020."
About Purified Cortrophin® Gel
Cortrophin® Gel is purified corticotropin (ATCH) manufactured in sterile gelatin to allow prolonged activity. The product stimulates the functioning adrenal cortex to produce and secrete adrenocortical hormones.
For more information, including the complete list of indications and usages, please see the Full Prescribing Information.
-RG
