OCC (ASX) FDA significance

Originally posted by KainCarver: ↑

I say it is a big deal & it is worth reading about.

$2.4m gives them easily another 4 or 5 months to further their development and market strategies. Q1 should provide us with an update on Ortho-ATI’s FDA IND submission.

“…the sponsor's primary goal is to determine if the product is reasonably safe for initial use in humans, and if the compound exhibits pharmacological activity that justifies commercial development.”

The sponsor in this case being Johnson & Johnson and seeing as ATI’s had numerous success stories already I’d say the submission is a shoo-in. Telix’s submission for their Zircon IND was isued as market senstive so it’ll be interesting to see whether or not the ASX deems OCC’s IND in the same light. Rest assured it’s a huge step regardless.

“When a product is identified as a viable candidate for further development, the sponsor then focuses on collecting the data and information necessary to establish that the product will not expose humans to unreasonable risks when used in limited, early-stage clinical studies.”

No problems there.

“FDA's role in the development of a new drug begins when the drug's sponsor (usually the manufacturer or potential marketer), having screened the new molecule for pharmacological activity and acute toxicity potential in animals, wants to test its diagnostic or therapeutic potential in humans. At that point, the molecule changes in legal status under the Federal Food, Drug, and Cosmetic Act and becomes a new drug subject to specific requirements of the drug regulatory system.

There are three IND types:

An Investigator IND is submitted by a physician who both initiates and conducts an investigation, and under whose immediate direction the investigational drug is administered or dispensed. A physician might submit a research IND to propose studying an unapproved drug, or an approved product for a new indication or in a new patient population.
Emergency Use IND allows the FDA to authorize use of an experimental drug in an emergency situation that does not allow time for submission of an IND in accordance with 21CFR , Sec. 312.23 or Sec. 312.20. It is also used for patients who do not meet the criteria of an existing study protocol, or if an approved study protocol does not exist.
Treatment IND is submitted for experimental drugs showing promise in clinical testing for serious or immediately life-threatening conditions while the final clinical work is conducted and the FDA review takes place.

There are two IND categories:
Commercial
Research (non-commercial)

The IND application must contain information in three broad areas:
Animal Pharmacology and Toxicology Studies - Preclinical data to permit an assessment as to whether the product is reasonably safe for initial testing in humans. Also included are any previous experience with the drug in humans (often foreign use).
Manufacturing Information - Information pertaining to the composition, manufacturer, stability, and controls used for manufacturing the drug substance and the drug product. This information is assessed to ensure that the company can adequately produce and supply consistent batches of the drug.
Clinical Protocols and Investigator Information - Detailed protocols for proposed clinical studies to assess whether the initial-phase trials will expose subjects to unnecessary risks. Also, information on the qualifications of clinical investigators--professionals (generally physicians) who oversee the administration of the experimental compound--to assess whether they are qualified to fulfill their clinical trial duties. Finally, commitments to obtain informed consent from the research subjects, to obtain review of the study by an institutional review board (IRB), and to adhere to the investigational new drug regulations.
Easily achieved by OCC. Once the IND is submitted, the sponsor must wait 30 calendar days before initiating any clinical trials during which the FDA may review the submission for safety assuring the research subjects will not be subjected to unreasonable risk. Again... no problems.

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A Aussie company, NVX ( not biotech ) just got a contract in the USA worth 5.5 million, their shares have close to tripled in price on 5.5 million contract, in the last couple of weeks, 880% in the last few months.

Orthocell, once a partnership is formed we could be looking at ten times these types of revenues coming through the doors year in year out and we still have the dumb sh** trader happy to crash the sp to buy in cheaper. Once this first partnership is formed and your silly enough to sell cheap, institutional business will buy your shares and hold for the next five to ten years to see massive returns on their money.

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(20min delay)
Last 38.0¢		Change 0.015(4.11%)		Mkt cap ! $79.11M

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37.0¢	38.0¢	37.0¢	$28.99K	76.51K

FDA significance, page-318

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