GENEVA--(BUSINESS WIRE)--Regulatory News:
GeNeuro (Paris:GNRO) (Euronext Paris: CH0308403085 - GNRO), a biopharmaceutical company focused on understanding and stopping the causal factors driving the progression of neurodegenerative and autoimmune diseases, today announced the temporary postponement of its planned Phase 2 trial of temelimab in multiple sclerosis (MS) at the Karolinska Institutet’s Academic Specialist Center (ASC), Stockholm, Sweden, to prioritize healthcare resources behind the fight of COVID-19 and to reduce the risk for MS patients.
“This postponement is a logical and necessary decision to reduce the demands on healthcare professionals, prioritize treatment of COVID-19 patients and safeguard the wellbeing of MS patients,” said Jesús Martin-Garcia, CEO of GeNeuro. “We must put the fight against COVID-19 and the safety of MS patients first. Initiation of the trial will now take place once hospitals have more capacities for clinical research and are able to ensure that MS patients will not be put at risk.”
The one-year trial will enroll patients whose disability progresses without relapses, a key unmet medical need, and document the safety and tolerability of temelimab following higher doses, as well as efficacy based on the latest biomarkers associated with disease progression. GeNeuro has previously announced that its cash runway will last until mid-2022, well beyond the end of the Phase II trial as long as the recruitment of its 40 patients is finalized in 2020.
GeNeuro‘s mission is to develop safe and effective treatments against neurological disorders and autoimmune diseases, such as multiple sclerosis, by neutralizing causal factors encoded by HERVs, which represent 8% of human DNA.
GeNeuro is based in Geneva, Switzerland and has R&D facilities in Lyon, France. It has 23 employees and rights to 17 patent families protecting its technology.
For more information, visit: www.geneuro.com
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