Investors Warming Up to AVNR |
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By Patrick Crutcher |
Wednesday, 07 July 2010 07:30 |
AVNR’s lead product candidate, Zenvia, has completed three Phase III clinical trials for the treatment of pseudobulbar affect (PBA) and has completed a Phase III trial for the treatment of patients with diabetic peripheral neuropathic pain (DPN pain). AVNR was given an approvable letter back in 2006 for Zenvia. After this, a confirmatory Phase III trial under an SPA (Special Protocol Assessment) was started. This trial was designed to address issues raised in FDA approvable letter, Avanir agreed to reformulate and test lower doses of Zenvia. The SPA for their Phase 3 trial certainly helps their case, followed by compelling safety and efficacy data for their lower dose in the STAR trial. In all three Phase III studies, Zenvia was generally safe and well tolerated. Zenvia met its endpoints demonstrating statistically significant efficacy by reducing PBA episodes, as well as other secondary endpoints. They also had statistically significant higher remission rates. Safety and efficacy data at the American Academy of Neurology (AAN) Annual Meeting in May 2010.(Both of which garnered late-breaking status at the conference.) With improved efficacy and safety, AVNR has built a great case for approval of Zenvia. The slides below are from the June 2010 Investor presentation. A look at indications and potential market for Zenvia reveals the following: Pseudobulbar affect (PBA) is a neurologic condition characterized by involuntary, sudden, and frequent episodes of laughing and/or crying in patients with underlying neurologic disease or injury for which there is no FDA approved therapies. It is estimated to affect approximately 2 million patients in the U.S. with moderate to severe PBA. PBA is estimated to occur in 49% of patients with ALS, in 10% of patients with MS, in 11% of patients 1 year after suffering a stroke, and in 11% of patients after a traumatic brain injury. There are currently no FDA approved treatments for PBA; Zenvia is serving an unmet medical condition.
Disclosure: Long AVNR Patrick Crutcher is the managing editor of the biotech stock blog chasingthealpha.com "Featured Content" profiles are meant to provide awareness of these companies to investors in the small-cap and growth equity community and should not in any way come across as a recommendation to buy, sell or hold these securities. BiomedReports is not paid or compensated by newswires to disseminate or report news and developments about publicly traded companies, but may from time to time receive compensation for advertising, data, analytics and investor relation services from various entities and firms. Full disclosures should be read in the 'About Us Section'. Add this page to your favorite Social Bookmarking websites ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |