On October 31, 2016 RadioMedix Inc. and AREVA Med (now Orano Med) reported that they have been awarded a collaborative Small Business Innovation Research Contract by the National Institutes of Health, National Cancer Institute to evaluate targeted alpha-emitter therapy of neuroendocrine tumors (NETs) (Press release, RadioMedix, OCT 16, 2016, View Source [SID1234525018]). This is the fourth NIH funding awarded to RadioMedix during the last three years.
Schedule your 30 min Free 1stOncology Demo!
Discover why more than 1,500 members use 1stOncology™ to excel in:
Early/Late Stage Pipeline Development - Target Scouting - Clinical Biomarkers - Indication Selection & Expansion - BD&L Contacts - Conference Reports - Combinatorial Drug Settings - Companion Diagnostics - Drug Repositioning - First-in-class Analysis - Competitive Analysis - Deals & Licensing
Schedule Your 30 min Free Demo!
Targeted Peptide Receptor Radionuclide Therapy (PRRT) of NETs is one of the main clinical focuses of RadioMedix, which has long been involved in several clinical studies as a co-sponsor or a collaborator. AREVA Med is focused on the production of lead-212 (212Pb), a rare metal used in TAT, and the development of therapeutics using this metal.
"We have established a very good collaboration with AREVA Med and we are very pleased that this work resulted in the SBIR Contract," said Izabela Tworowska PhD, Principal Investigator and RadioMedix Chief Science Officer." We have got promising preliminary results and we are confident that this contract will accelerate the development of Targeted Alpha Therapy (TAT) agents. I am grateful to NIH NCI agency for selecting this project for contract funding"
"AREVA Med is very excited about its collaboration with RadioMedix that will further support the growth of our pipeline of 212Pb-labeled agents, especially in NETs where we believe we can bring substantial additional efficacy compared to current treatment options" said Julien Torgue, PhD, AREVA Med Scientific Director.
"We are confident that we have secured all resources needed to accelerate translation of targeted alpha therapy agents to clinic," said Dr. Ebrahim Delpassand, CEO and Chairman of RadioMedix. "Our patients are anxiously waiting for this treatment, and we expect to launch a first in human clinical trial by the end of 2017."