PROACTIVE INVESTORS AUSTRALIA
Proactive Investors is a leading financial and investor website and platform, dominating the "Small-Mid Cap" investor space with multiple investor "channels" and "touch-points."
Proactive Investors Australia is a part of the largest global financial investor network with offices in Australia, Europe, Asia and North America.
Tweet PdfEmail
Rhinomed to develop drug for acute migraine
Rhinomed (ASX:RNO) is set to tap the US$3.6 billion migraine drug market by developing a drug to be delivered via its proprietary nasally delivered BreatheAssist technology.
It will develop a variant of its nasal and respiratory delivery system that will contain low dose of Sumtriptan to treat acute migraine. Its nasal technology already has wide acceptance within the sporting environment.
Rhinomed is commercialising its BreatheAssist technology in the sport, well-being, sleep and drug delivery markets and has developed a product called Turbine for athletes that has been shown to increase airflow by an average of 38% through nasal passages.
Administering the drug nasally provides faster and more convenient uptake and fewer side effects compared with oral or injection therapies.
The migraine market is huge with over 37 million Americans estimated to be suffering from it.
Rhinomed had over $742,000 in cash in the last quarter and access to facility of over $5.2 million. It is likely to receive an R&D tax incentive rebate of around $388,393 in the quarter ending March 2014.
http://www.proactiveinvestors.com.au/companies/news/52834/rhinomed-to-develop-drug-for-acute-migraine-52834.html
- Forums
- ASX - By Stock
- RNO
- drug delivery program for migraines announced
drug delivery program for migraines announced, page-8
-
-
- There are more pages in this discussion • 5 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 RNO (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online