Nutra Pharma Announces Final Approval to Begin Phase IIb Human Clinical Trial for the Treatment of Adrenomyeloneuropathy.BOCA RATON, Fla. -- Nutra Pharma Corp. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :NPHC NPHC National Pan Hellenic Council NPHC North Phoenix Heart Center ), a biotechnology company that is developing drugs for HIV HIV (Human Immunodeficiency Virus), either of two closely related retroviruses that invade T-helper lymphocytes and are responsible for AIDS. There are two types of HIV: HIV-1 and HIV-2. HIV-1 is responsible for the vast majority of AIDS in the United States. and Multiple Sclerosis, has announced that ReceptoPharm, has received Ethics Committee ethics committee A multidisciplinary hospital body composed of a broad spectrum of personnel–eg, physicians, nurses, social workers, priests, and others, which addresses the moral and ethical issues within the hospital. See DNR, Institutional review board. approval in the UK to begin its Phase IIb human clinical trial for the treatment of Adrenomyeloneuropathy (AMN Amn abbr. airman ). ReceptoPharm, the drug-discovery holding of Nutra Pharma, is currently studying the effectiveness of Cobra Venom and Cobratoxin as treatments for Multiple Sclerosis, HIV, Adrenomyeloneuropathy (AMN), Pain and Rabies. "This approval from the London Ethics Committee will allow us to start the in-depth study of RPI-78M for the treatment of AMN," explained Paul Reid, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of ReceptoPharm, Inc. "We feel confident that if successful, our treatment will help those suffering from this devastating dev·as·tate tr.v. dev·as·tat·ed, dev·as·tat·ing, dev·as·tates 1. To lay waste; destroy. 2. To overwhelm; confound; stun: was devastated by the rude remark. disease," he added. Adrenomyeloneuropathy (AMN) is a rare inherited metabolic disorder characterized by the loss of the fatty covering (myelin sheath myelin sheath n. The insulating envelope of myelin that surrounds the core of a nerve fiber or axon and that facilitates the transmission of nerve impulses, formed from the cell membrane of the Schwann cell in the peripheral nervous system and from ) on nerve fibers within the brain (cerebral demyelination demyelination /de·my·elin·a·tion/ (de-mi?e-li-na´shun) destruction, removal, or loss of the myelin sheath of a nerve or nerves. Called also myelinolysis. ) and the progressive degeneration of the adrenal gland (adrenal adrenal /ad·re·nal/ (ah-dre´n'l) 1. paranephric. 2. adrenal gland. 3. pertaining to an adrenal gland. ad·re·nal adj. 1. atrophy). Neurological disability in AMN is slowly progressive over several decades. AMN interests the wider neurologic community because of its similarities to Multiple Sclerosis (MS). There is currently no approved treatment for AMN. Additionally, the disease's rarity designates it as an orphan drug candidate both in Europe and in the U.S. The Company has applied for Orphan drug status in the U.S. and intends doing so for the EU. RPI-78M is ReceptoPharm's lead drug candidate for the treatment of neurological and autoimmune disorders. The drug has already completed pre-clinical testing and a Phase I/IIa human trial in AMN. "For over five years, one patient with AMN using RPI-78M under the compassionate release laws of the United Kingdom has maintained an improved quality of life that provides us with quiet confidence for this new study," commented Rik Deitsch, Chairman and CEO of Nutra Pharma Corporation. "We expect this trial to be the first in a series of Phase II human clinical trials anticipated to begin over the next several months," he concluded. The AMN Phase IIb human clinical trial is expected to begin within this quarter. About Nutra Pharma Corp. Nutra Pharma Corp. is a biopharmaceutical company specializing in the acquisition, licensing and commercialization of pharmaceutical products and technologies for the management of neurological disorders, cancer, autoimmune and infectious diseases. Nutra Pharma Corp. through its subsidiaries carries out basic drug discovery research and clinical development and also seeks strategic licensing partnerships to reduce the risks associated with the drug development process. The Company's holding, ReceptoPharm, Inc., is developing technologies for the production of drugs for HIV and Multiple Sclerosis ("MS"). The Company's subsidiary, Designer Diagnostics is engaged in the research and development of diagnostic test kits designed to be used for the rapid identification of infectious diseases such as Tuberculosis (TB) and Mycobacterium mycobacterium Any of the rod-shaped bacteria that make up the genus Mycobacterium. The two most important species cause tuberculosis and leprosy in humans; another species causes tuberculosis in both cattle and humans. avium-intracellulare (MAI MAI Mail (File Name Extension) MAI Multilateral Agreement on Investment MAI Maius (Latin: May) MAI Ministerul Administratiei si Internelor (Romanian) ). Nutra Pharma continues to identify and acquire intellectual property and companies in the biotechnology arena. http://www.NutraPharma.com This press release contains forward-looking statements. The words or phrases "would be," "will allow," "intends to," "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "project," or similar expressions are intended to identify "forward-looking statements." Actual results could differ materially from those projected in Nutra Pharma's ("the Company") business plan. The Company's business is subject to various risks, which are discussed in the Company's filings with the Securities and Exchange Commission ("SEC"). The UK Ethics Committee approval of the AMN trial should not be construed as an indication in any way whatsoever of the value of the Company or its common stock. The Company's filings may be accessed at the SEC's Edgar system at www.sec.gov. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company cautions readers not to place reliance on such statements. Unless otherwise required by applicable law, we do not undertake, and we specifically disclaim any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement. |
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