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Biotech / Medical : Biotech Valuation
CRSP 56.45-2.7%Jan 8 3:59 PM EST
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From: Biomaven2/16/2006 11:07:54 AM
   of 52153
 
This has to be about the most-slam dunk SPA ever:

Phase III Trial Details

Under the terms of the SPA for Remoxy one pivotal Phase III trial is required to file a New Drug Application. The randomized, double-blinded, placebo-controlled, multi-center pivotal trial will enroll 400 patients with moderate-to-severe osteoarthritic pain in multiple U.S. clinical sites. Following a titration period, patients will be randomized to either Remoxy (10-80 mg daily) or placebo for 12 weeks. The primary endpoint is reduction in pain scores over three months compared to baseline. Patient accrual is expected to begin shortly and continue through year end 2006.

I'm actually long PTIE despite this being the company that holds the record for launching a Phase III (for IBS) based on the skimpiest Phase II in recorded history.

Peter
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