CBZ 0.00% 5.2¢ cbio limited

new report $1.47 target...breaking out, page-20

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    The last enrolled patient is expected to complete dosing in the trial in March 2011. The Company
    expects to receive data tables and listings from the trial in June, with the final study report available later
    in 2011.
    The Company has continued to interact with a number of global pharmaceutical companies throughout
    the trial period. It is expected that more detailed commercial discussions will commence in coming
    months with a view to securing a licensing transaction for the future development and commercialisation
    of XToll?. All interactions are expected to continue for several months.
    The Company is progressing a number of activities aimed at reducing the overall development ?time to
    market? for XToll?, including local scale-up of the drug manufacturing process, the design of larger
    phase IIb/phase III studies as well as pre-IND interactions with the US Food & Drug Administration
    (FDA). It is critical that these activities continue apace in order to maximise the commercial potential of
    XToll? in the market.
 
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