anti malaria treatment ready in 6months Great artical i posted before christmas
Eastland fighting malaria in children
Kayt Davies
Thursday, 21 December 2006
PERTH-based small market cap biotech company Eastland Medical Systems has made a quiet but dramatic entrance onto the global malaria stage, announcing the signing of an exclusive distribution agreement for a new anti-malaria treatment for Sub-Saharan Africa.
The new treatment involves a novel mode of delivery for an already-approved drug that the company says will be ready for sale in six months.
With confidentiality clauses cloaking much of the deal in secrecy and negotiations for other related agreements still in progress, Eastland executive director Doug Sims says the market will have to be patient, and wait for more details and news.
In the meantime though, he said the new treatment was exciting because it worked faster and more consistently than tablet delivery, which sometimes ran into problems with patients suffering malnutrition – common in the developing world – and diarrhoea, a common malaria symptom.
The new treatment will initially be developed for use with children, although Sims said it would also work at higher doses with adults and that another upside of it was that it could be administered to sleeping or unconscious patients.
He said this was an important feature because malaria resulted in brain swelling that, prior to killing its victims, was associated with loss of consciousness.
The agreement announced to the ASX yesterday was signed by Eastland's 65%-owned subsidiary, Eastland Medical Systems South Africa (EMSSA), and Star Medical-Botswana, and it will entitle EMSSA to distribute the new treatment to the 47 countries within Sub-Saharan Africa.
The new treatment uses artemisinin, the main drug currently used to fight malaria, meaning that approval processes will be faster than if a new drug was involved. Sims said some official trials would be required and that negotiations with South African authorities were underway about the protocols for these trials with an eye to having the drug ready for market by mid-2007.
He said a recent preliminary trial conducted at a Nigerian hospital had found the new treatment to be effective in reducing malaria symptoms in all of the patients treated.
Eastland chief executive Dermot Patterson said: "An additional advantage of the new treatment is the reduced need for continued hospitalisation, which will result in significant cost savings to governments and relief organisations."
He added that the agreement would help Eastland to build contacts in Africa and assist the marketing of its ClipOn device that converts standard syringes into safe, retractable needle injection and blood drawing devices.
Putting a dollar value on this week's announcement Patterson said that subject to regulatory approvals, Eastland estimates revenues of 200 million rand ($A36.5 million) in the second year of distribution growing to 400 million rand ($A72.9 million) by year four.
Click here to read the rest of today's news stories.
- Forums
- ASX - By Stock
- EMS
- anti malaria treatment ready in 6months
anti malaria treatment ready in 6months, page-10
-
- There are more pages in this discussion • 27 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add EMS (ASX) to my watchlist
(20min delay)
|
|||||
Last
2.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.614M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 41515 | 2.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.3¢ | 700000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 41515 | 0.022 |
2 | 219891 | 0.021 |
4 | 526049 | 0.020 |
3 | 342947 | 0.019 |
2 | 360248 | 0.018 |
Price($) | Vol. | No. |
---|---|---|
0.023 | 700000 | 1 |
0.025 | 231124 | 1 |
0.030 | 42300 | 2 |
0.031 | 294547 | 1 |
0.032 | 138055 | 1 |
Last trade - 10.02am 10/10/2024 (20 minute delay) ? |
Featured News
EMS (ASX) Chart |
Day chart unavailable
The Watchlist
AHK
ARK MINES LIMITED
Ben Emery, Executive Director
Ben Emery
Executive Director
Previous Video
Next Video
SPONSORED BY The Market Online