Source: Neuren Pharmaceuticals
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Neuren Pharmaceuticals (NEU) has approval from the US Food and Drug Administration (FDA) to proceed with Phase 2 trials of its NNZ-2951 drug, which is used to treat Pitt Hopkins syndrome
  • Neuren has also recently received FDA approval to proceed with Phase 2 trials of NNZ-2591 in Angelman syndrome and Phelan-McDermid syndrome.
  • Commencement is subject to ethics approval from the Institutional Review Board and top-line results from the trial are anticipated in H1 2023
  • Commencement of Phase 2 trial treatment of a fourth neurodevelopmental disorder, Prader-Willi syndrome, is targeted for H2 2022
  • NEU shares are down 2.61 per cent, trading at $4.11

Neuren Pharmaceuticals (NEU) has received approval from the US Food and Drug Administration (FDA) to proceed with Phase 2 trials of its NNZ-2951 drug, which is used to treat Pitt Hopkins syndrome (PTHS) among other conditions.

The Phase 2 trial will be conducted at four hospitals in the US, enrolling up to 20 children aged 3 to 17 years with PTHS to examine safety, tolerability, pharmacokinetics and efficacy over 13 weeks of treatment with NNZ-2591.

PTHS is a neurodevelopmental condition caused by the loss of one copy or a mutation of the TCF4 gene on chromosome 18, and currently has no treatment approved.

Commencement is subject to ethics approval from the Institutional Review Board and top-line results from the trial are anticipated in H1 2023.

Neuren has also recently received FDA approval to proceed with Phase 2 trials of NNZ-2591 in Angelman syndrome and Phelan-McDermid syndrome.

In parallel with the three Phase 2 trials, Neuren is preparing foundation work to prepare for Phase 3 development of NNZ-2591 across multiple indications.

Neuren CEO Jon Pilcher said the company is “advancing our plan to address multiple neurodevelopmental disorders that have such high unmet need”.

Commencement of Phase 2 trial treatment of a fourth neurodevelopmental disorder, Prader-Willi syndrome, is targeted for H2 2022 with results anticipated in H2 2023.

NEU shares were down 2.61 per cent, trading at $4.11 as of 11:28 am AEDT.

NEU by the numbers
More From The Market Online
The Market Online Video

Market Close: ASX has a red sector day on reports of Israeli strikes on Iran

The ASX200 has seen red, closing down 0.98% as reports of Israel launching retaliatory attacks on Iran ripped through global markets on …

Week 15 Wrap: USA uncertain, ECB shrugs at the Fed & gold, gold, gold

Depending on what interests you more, there were two big stories this week for the international…

Week 16 wrap: VIX jumps; IMF eyes US debt; Oz CPI & Mag7 reports next week

Uncertainty reigns, and not just because Israel has reportedly attacked Iran. The VIX hitting a six…

Strike pins hopes on seismic show to brighten Perth Basin prospects

Strike Energy has started two rounds of seismic exploration in the Perth Basin, with the first…