Stock Market News
Shield Therapeutics revises study data as FDA mulls drug application
Shield Therapeutics has revised analysis from its recent clinical study into its treatment for iron-deficient adults, withdrawing some patient data after meeting with US drug regulators.
The AIM traded pharmaceutical company said some patients that were "experiencing pre-specified events" had their data removed from the study analysis of salt based oral iron therapy Feraccru.
Shield believes the inclusion of data from these patients could have "significantly impacted" the primary endpoint of the study so further analyses of the data have been conducted using an amended statistical analysis plan that removed their data.
Carl Sterritt, chief executive of Shield Therapeutics, said: "I am reassured that we have rapidly been able to understand what we believe occurred in the study to produce the initial topline result. This has enabled us to take appropriate and well-controlled steps to prepare a data package."
The new data package yields more positive results for Shield as data showed patients treated with feraccru saw a significant response (p=0.0149) in haemoglobin levels after 16 weeks compared to placebo (difference 0.52g/dl (CI 0.102, 0.930) with statistically significant results achieved across a range of secondary iron parameters (TSAT, Ferritin levels, serum iron levels)
The company said there is "no certainty" that the US Food & Drug Administration will accept the approach it has taken with regard to the study.
Shield has presented the revised data from the double blind study to the FDA as part of a new drug application.
"The outcome of the FDA's deliberations on our submissions will help inform the group's ongoing strategic review, which it intends to update shareholders on as soon as possible. In the meantime further routine analysis of the dataset will continue to deepen our understanding of the effect of Feraccru on IDA in CKD patients," said Sterritt.
As of 0834 GMT, Shield Therapeutics' shares were unchanged at 17.50p.
The AIM traded pharmaceutical company said some patients that were "experiencing pre-specified events" had their data removed from the study analysis of salt based oral iron therapy Feraccru.
Shield believes the inclusion of data from these patients could have "significantly impacted" the primary endpoint of the study so further analyses of the data have been conducted using an amended statistical analysis plan that removed their data.
Carl Sterritt, chief executive of Shield Therapeutics, said: "I am reassured that we have rapidly been able to understand what we believe occurred in the study to produce the initial topline result. This has enabled us to take appropriate and well-controlled steps to prepare a data package."
The new data package yields more positive results for Shield as data showed patients treated with feraccru saw a significant response (p=0.0149) in haemoglobin levels after 16 weeks compared to placebo (difference 0.52g/dl (CI 0.102, 0.930) with statistically significant results achieved across a range of secondary iron parameters (TSAT, Ferritin levels, serum iron levels)
The company said there is "no certainty" that the US Food & Drug Administration will accept the approach it has taken with regard to the study.
Shield has presented the revised data from the double blind study to the FDA as part of a new drug application.
"The outcome of the FDA's deliberations on our submissions will help inform the group's ongoing strategic review, which it intends to update shareholders on as soon as possible. In the meantime further routine analysis of the dataset will continue to deepen our understanding of the effect of Feraccru on IDA in CKD patients," said Sterritt.
As of 0834 GMT, Shield Therapeutics' shares were unchanged at 17.50p.
Related share prices |
---|
Shield Therapeutics (STX) share price |
Stock News headlines are gathered from financial news sources around the web. Views and opinions on each item are from their respective authors and website. They are not opinions of LiveCharts.co.uk
Get a free widget for your website with our latest headlines.
You can now add our live prices and new headlines to your website.The news widget features quotes for Oil prices, spot Gold price and Indices plus a choice of news channel for healines.
Top Shares pages
- Share price quotes
- Share charts
- Share watch list
- Company Results Calendar
- Top Large UK Shares
- UK Market Sectors
- Stock market news
- Company news
- Share tips
- A-Z company search
More share features
POPULAR Share Prices
- Royal Mail share price
- Lloyds share price
- HSBC share price
- Barclays share price
- Prudential share price
- Santander share price
- NEXT share price
- Diageo share price
- BP share price
- Vodafone share price
- British Airways
- Centrica share price
- Tesco share price
- Taylor Wimpey Share Price
- National Grid
- GKP Share Price
- Marks and Spencer
- Rolls Royce
- Rio Tinto
- THG Share Price
- Aviva Share Price
- Boil Share price
- Easyjet Share Price
- Genedrive Share Price
- SSE Share Price
- IAG Share Price
- Boohoo share price
- HE1 share price
- AVCT share price
- BOOM share price