CSIR developed biopharma drug enters phase-2 clinical trials
The drug has been licensed to US-based Nostrum Pharmaceuticals for clinical development
BS B2B Bureau B2B Connect | New Delhi
“This has been the culmination of seven years of long and meticulously carried out developmental process of this molecule under a unique and successful public-private partnership between CSIR-IMTECH and Nostrum Pharmaceuticals of the US (the parent company of Symmetrix Biotech Pvt Ltd),” said Dr Girish Sahni, Director, CSIR-IMTECH and innovator of this molecule.
Dr Sahni emphasised that the CSSK is unique in that it has a hugely reduced risk of bleeding during the treatment, which makes it a distinctively improved drug compared to several currently employed thrombolytic drugs where the risk of bleeding exists to varying degrees. Besides being safe and effective, CSSK would also be a much cheaper and affordable alternative to the currently available expensive thrombolytic drugs and will thus address the needs of the larger masses of the country, he added.
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Dr Nirmal Mulye, President of Nostrum Pharmaceuticals, LLC, New Jersey, USA said, “It is a proud moment both for his company and CSIR-IMTECH. CSSK development has come a long way since we licensed the molecule in July 2006. It is now on the threshold of success since we have already seen a successful efficacy in cynomolgus monkeys and a very safe profile of tolerability, pharmacokinetics and pharmacodynamics in healthy human volunteers. We will very soon be embarking on the Phase-2 clinical trial following the recently obtained permission from DCGI.”
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First Published: Feb 14 2014 | 3:28 PM IST