December 21, 2015 10:28am

PSTI reached agreement with Japan's PMDA on protocol for “final trial”? In what time period again, - SELL


 

PSTI has  reached an  agreement  with  Japan’s Pharmaceuticals and Medical Devices Agency (PMDA)  on the design of the  final trial needed  to  apply for  conditional  approval  of PLX-PAD  cells  in  the treatment of critical limb  ischemia (CLI).

 

The approval  of the protocol  for the 75-patient trial  was part  of a larger  agreement on  the development  of PLX-PAD via  Japan’s  new  accelerated  regulatory  pathway  for  regenerative medicine.

 

The Bottom Line: Another trial, another 75 patients suffering and another 1-2 years.  Stop speaking “in tongues”.

  • Efficacy and safety will be determined from outcomes measured nine months after administration of the first dose. The primary efficacy endpoint will be diagnosis of a patient as CLI-free for 60 days.  Pluristem expects to submit  the formal Clinical  Trial Notification (CTN)  to the  PDMA,  based on  the  agreement reached  with  the regulatory body, in early 2016 – I THINK PSTI means 2017 or they’re not counting right - AGAIN.

PSTI closed at $1.18 and is DOWN -$0.02 to $1.16 in the first hour of US trading markets