BIT 2.63% 3.7¢ biotron limited

Ann: POSITIVE FDA GUIDANCE FOR COVID-19 CLINICAL PROGRAM, page-5

  1. 20,210 Posts.
    lightbulb Created with Sketch. 1782
    Level 2, 66 Hunter Street
    Sydney NSW 2000
    Tel: (61-2) 9300 3344
    Fax: (61-2) 9221 6333
    E-mail: [email protected]
    Website: www.biotron.com.au
    30 May 2022
    The Manager Companies
    ASX Limited
    20 Bridge Street
    SYDNEY NSW 2000
    (2 pages by email)
    Dear Madam
    POSITIVE FDA GUIDANCE FOR COVID-19 CLINICAL PROGRAM
    The Directors are pleased to advise that Biotron Limited (‘Biotron’ or ‘the Company’ has received
    guidance from the U.S. Food and Drug Administrations (‘FDA’ for development of its lead antiviral
    drug BIT225 as a potential treatment of Coronavirus Disease 2019 (COVID-19) infection in adults.
    The FDA’s guidance was received in written respons e to Biotron’s pre-IND briefing package and
    request in March 2022, which include d an overview of preclinical a nd (HIV) clinical development,
    and specific questions relating to re gulatory requirements for progressi on to filing an investigational
    new drug (‘IND’ application for the COVID-19 indication.
    Biotron sought guidance on the design of a proposed
    Phase 2 clinical trial in recently diagnosed
    COVID-19 infected individuals and assurance that the preclinical data package and manufacturing
    processes were sufficient to support this next stage of clinical development.
    Biotron’s Managing Director, Dr Michelle Miller, said:
    “The FDA responses were constructive, highly informative, and provide direction in the design of the
    proposed Phase 2 clinical trial.
    The recommenda tions for a small, placebo-controlled, proof-of-
    concept, dose-finding study, with agreed end points, in line with studies for other respiratory diseases,

    including influenza, are very welcome. This design is de-risking and will provide the Company with
    important time and resource savings.
    The feedback on the existing sup
    porting non-clinical studies and the manufacturing processes,
    specification and composition of the drug product was positive.
    The design of regulatory-quality clinical studies for SARS-CoV-2 therapeutic advancement during this
    currently evolving disease and treatment landscape, re quires careful considerat ion.
    We now have a
    clear directive for the design of a Phase 2 study. This guidance will inform the on-going development
    of BIT225 and subsequent next-generation follow-on drugs in Biotron’s portfolio.
    The FDA responses indicate that we are on the right path to the clinic. Our confidence levels for this
    new class of anti-SARS-Cov-2 drug remain high.”
    Last edited by moosey: 30/05/22
 
watchlist Created with Sketch. Add BIT (ASX) to my watchlist
(20min delay)
Last
3.7¢
Change
-0.001(2.63%)
Mkt cap ! $33.38M
Open High Low Value Volume
3.9¢ 4.0¢ 3.7¢ $38.58K 1.029M

Buyers (Bids)

No. Vol. Price($)
2 511933 3.7¢
 

Sellers (Offers)

Price($) Vol. No.
4.0¢ 93887 2
View Market Depth
Last trade - 14.30pm 03/07/2024 (20 minute delay) ?
BIT (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.