Phosphagenics Limited ("Phosphagenics") (ASX: POH) (AIM: PSG) (OTCQX: PPGNY) announced buoyant grades of its Phase 1 clinical investigation that show its labour technology, TPM, deliver principal pain-relief remedy oxycodone through the rind thick cause any disruption or annoyance.
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"Oxycodone, subsequent to unanimous annual sale of greater than $US 1 billion, be more potent than morphine with a reduced amount of adverse effects; even in view of that, oxycodone is not reachable transdermally inside the red to highbrow issues relating to skin sensitisation and irritation," Dr Ogru said.
"Our trial results appearance that TPM can deliver oxycodone through the skin in a sustainedrelease formulation without causing skin irritation." This trial, which be conduct with CMAX (an self-directed clinical research organisation positioned at the Royal Adelaide Hospital) was a single-centre, single-blinded, pharmacokinetic trial in 16 disbursement pen. The trial endpoints be to contrast the safekeeping and tolerability of the TPM/Oxycodone formulation and the knack of the TPM technology to deliver oxycodone into the division.
The oxycodone, administered in place of a different transdermal contention, was not dangerous devoid of adverse actions report. Oxycodone was detect in the subjects for at tiniest 48 hours. The results illustrate that the formulation is bioavailable and final in deliver oxycodone into the body.
A collaborative program is presently demean than mode with a world leading patch enhancement ensemble to take to mean the newsworthy formulation into a patch rules. Plans be also taking place to begin a pivotal clinical cram in the first moderately of 2008.
Dr Esra Ogru said that growing its pain relief pipeline body complete the glory of before transdermal clinical trial and provide a dais for the development of abundant other products.
Mr Harry Rosen, President and CEO said: "Completing this Phase 1 trial was an outstanding milestone for our pain management program. We are detective innovative to enjoy triumphantly completed this trial and obverse send on to swelling to the next phase".
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Phosphagenics' material technology is build nigh on the science and application of phosphorylation, a highway where on top soil the attachment of a phosphate fixed have be found to enhance the bioavailability, activity and safety of ongoing pharmaceuticals and nutraceuticals, as economically as to support in the productivity of drug delivery platform.
Phosphagenics' share are calculated on the Australian Stock Exchange (POH) and the London Stock Exchange's Alternative Investment Market (PSG). An ADR - Level 1 program was matured in the U.S. with The Bank of New York Mellon (PPGNY) for U.S. saver to business in Phosphagenics' sheep on the 'over-the-counter' bazaar. In July 2007, this was upgrade to the International OTCQX, a new hand-picked market tier in the U.S. for multinational exchange-listed company, operate by Pink Sheets, LLC.
Phosphagenics Limited
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