RE: More encouraging news from MGC today on CimetrATM8 Jul 2022 08:28
Yet more news from MGC today via RNS on the progress of CimetrA. I'm expecting the market to wake up to what is happening soon with MGC. The initial trial results are out in the next few weeks....
* MGC Pharma has received Study approvals and an Import Permit from the South African Health Products Regulatory Authority for MGC Pharma's Phase IIb CimetrA™ dose finding study on patients diagnosed with COVID-19.
CEO: "Clinical trials to date have demonstrated the efficacy of CimetrA™ against COVID-19, so it is crucial that we are able to complete the dosage trials in Israel and now South Africa as quickly as possible so we can move to the next stage of the clinical pipeline and treat those suffering from the effects of the cytokine storm and "Long COVID" more effectively."
* Recent studies of CimetrA™ have indicated the mechanism of the drug could be effective in treating other conditions where a primary factor is inflammation. These include autoimmune diseases Irritable Bowel Disease, Rheumatoid arthritis, Influenza, and dermatological diseases, amongst others.
* The establishment of the South African trial site will help to accelerate completion of the ongoing study, and the collection of data necessary for the submission of CimetrA™ with regulators internationally, which the Company views as a priority, particularly at a time when cases of COVID-19 are once again on the rise.
* The Trial will incorporate key parameters, which include determining the most effective dosage of the treatment, a full safety and Pharmacovigilance profile, and an extensive Pharmacokinetic profile of CimetrA™ to outline the registration and administrative process for approval for sale and use. The Trial will further examine the anti-inflammatory and immune-modulatory effects of CimetrA™ through Cytokine level monitoring. The study to be undertaken in South Africa is an extension of the dosing study currently underway in Israel (See announcement 2 November 2021), with interim analysis results due in the coming weeks.
Exciting times for MGC investors in the coming weeks.
Good luck, Brighty