Guildford, UK, 29 January 2013: ReNeuron provides an update on progress with the PISCES clinical trial of its ReN001 stem cell therapy for disabled stroke patients.
In this open label, dose-ranging Phase I safety study, taking place in Scotland, ReNeuron’s ReN001 stem cell therapy is being administered in ascending doses to a total of 12 stroke patients who have been left disabled by an ischaemic stroke, the most common form of the condition.
The Company is pleased to report that the independent Data Safety Monitoring Board (DSMB) for the study has reviewed the three month follow-up data on the penultimate dose cohort and has cleared the study to proceed to dosing of the final dose cohort of three patients. Subsequently, and as planned, the first patient in this final dose cohort has been treated with ReN001 and discharged from hospital.
The PISCES study continues to run to plan, with no cell-related adverse events reported in any of the patients treated to date. Subject to DSMB approval and as previously announced, the remaining two patients are scheduled to be treated in March of this year. Last year, interim data from the first five patients treated in the PISCES study were presented by the Glasgow clinical team, with sustained reductions in neurological impairment and spasticity observed in all five patients compared with their stable pre-treatment baseline performance. Further and longer term data from the PISCES study are expected to be presented in scientific conference later this year.
As previously announced, the Company has submitted an application to the UK regulatory authority to commence a multi-site Phase II clinical trial to examine the efficacy of ReN001 in patients disabled by an ischaemic stroke. This trial is designed to recruit from a well-defined population of patients between two and four months after their stroke, which the Company and its clinical collaborators currently believe will be the optimum treatment window for the therapy. The Company is continuing its interactions with the regulatory authority and will give a further progress update shortly. In line with the Company’s expectations, the regulator has confirmed that three month follow-up data on the final dose cohort in the PISCES study will be required as a pre-requisite for commencement of a Phase II study. On this basis, and subject to continuing positive progress with the PISCES study and the necessary regulatory and ethical approvals, the Company is continuing its preparations to commence the Phase II stroke study, on schedule, in the middle part of this year.
- ReNeuron +44 (0) 1483 302560
Michael Hunt, Chief Executive Officer
Dr John Sinden, Chief Scientific Officer
- Buchanan +44 (0) 20 7466 5000
Mark Court, Fiona Henson, Sophie Cowles
Cenkos Securities +44 (0) 20 7397 8900
Stephen Keys, Adrian Hargrave (NOMAD and Broker)
Andy Roberts (Sales)
- About ReNeuron
ReNeuron is a leading, clinical-stage stem cell business. Its primary objective is the development of novel stem cell therapies targeting areas of significant unmet or poorly met medical need.
ReNeuron has used its unique stem cell technologies to develop cell-based therapies for significant disease conditions where the cells can be readily administered “off-the-shelf” to any eligible patient without the need for additional immunosuppressive drug treatments. ReNeuron’s lead candidate is its ReN001 stem cell therapy for the treatment of patients left disabled by the effects of a stroke. This therapy is currently in clinical development. The Company is also developing stem cell therapies for other conditions such as critical limb ischaemia, a serious and common side-effect of diabetes, and blindness-causing diseases of the retina such as retinitis pigmentosa.
ReNeuron has also developed a range of stem cell lines for non-therapeutic applications – its ReNcell® products for use in academic and commercial research. The Company’s ReNcell®CX and ReNcell®VM neural cell lines are marketed worldwide under license by USA-based Merck Millipore.
ReNeuron’s shares are traded on the London AIM market under the symbol RENE.L. Further information on ReNeuron and its products can be found at www.reneuron.com.
This announcement contains forward-looking statements with respect to the financial condition, results of operations and business achievements/performance of ReNeuron and certain of the plans and objectives of management of ReNeuron with respect thereto. These statements may generally, but not always, be identified by the use of words such as “should”, “expects”, “estimates”, “believes” or similar expressions. This announcement also contains forward-looking statements attributed to certain third parties relating to their estimates regarding the growth of markets and demand for products. By their nature, forward-looking statements involve risk and uncertainty because they reflect ReNeuron’s current expectations and assumptions as to future events and circumstances that may not prove accurate. A number of factors could cause ReNeuron’s actual financial condition, results of operations and business achievements/performance to differ materially from the estimates made or implied in such forward-looking statements and, accordingly, reliance should not be placed on such statements.