The global market for asthma therapeutics is in excess of $22...

  1. 2,233 Posts.
    lightbulb Created with Sketch. 32
    The global market for asthma therapeutics is in excess of $22 billion per year

    Invion has received agreement from the FDA to proceed in an accelerated development of the novel formulation and device. The collaboration has made excellent progress towards a stable formulation, paving the way for the development of INV104 as a novel non-steroidal anti-inflammatory for use in moderate to severe asthmatics.

    Invion Chief Executive Officer and Managing Director Dr Greg Collier said this agreement was a ‘win-win’ for both companies and pivotal to Invion’s plan to rapidly progress development of INV104.
    He acknowledged Hovione’s integrated inhalation development expertise and extensive knowledge of device development and noted the drug in oral formulation had an established safety and efficacy profile.

    INV104 is a leukotriene receptor antagonist (LTRA) which works by blocking the action of leukotrienes in the lungs, thereby preventing inflammation and narrowing of the airways.
    An oral version of the drug marketed as a generic and by Astra Zeneca as ‘Accolate®’, is a first-in-class anti-leukotriene and treatment for asthma. All oral prescriptions of the drug come with a side effect warning.

    “This drug has already been administered to more than 4 million people to treat respiratory conditions,” he said.

    “We are reformulating this compound for inhalation and remain confident that delivering this compound directly into the lung in this manner will provide superior benefit and bypass any problems associated with systemic delivery.

    “Hovione is the right partner to help us capitalise on this highly promising commercial opportunity.”
    Carla Vozone, Hovione’s Senior Director of Product Development and Licensing is delighted that Hovione’s science in inhalation development and manufacturing is the conduit for Invion’s INV104 program.

    “Hovione has built through the years a profound and unique skill set in APIs, particle engineering, formulation and devices, being able to approach inhalation development holistically. Hovione’s ability to manufacture all components of the drug product in the same location and solve problems within the same team accelerates development”, she said. Carla Vozone recognized that the co-development partnership entered with Invion illustrates Hovione’s goal of repurposing drugs trough alternative delivery routes with the aim of increasing its safety profile and patient compliance.
    “Aligning Hovione’s knowledge in inhalation with Invion’s clinical expertise builds synergies for a winning proposition”, she said.

    Early data indicates INV 104 has an attractive safety and efficacy profile when delivered by inhalation at <1% of the oral dose.i
    Invion has an exclusive, worldwide licence to develop and commercialise all inhaled formulations and applications of zafirlukast.

    The global market for asthma therapeutics is in excess of $22 billion per year
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
12.5¢
Change
0.000(0.00%)
Mkt cap ! $10.59M
Open High Low Value Volume
13.0¢ 13.5¢ 12.5¢ $15.62K 118.9K

Buyers (Bids)

No. Vol. Price($)
4 213400 12.0¢
 

Sellers (Offers)

Price($) Vol. No.
13.5¢ 57707 2
View Market Depth
Last trade - 14.46pm 20/06/2025 (20 minute delay) ?
IVX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.