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Algernon Pharmaceuticals Inc C.AGN

Alternate Symbol(s):  AGNPF

Algernon Pharmaceuticals Inc. is a clinical-stage drug development company. The Company is focused on developing repurposed therapeutic drugs in the areas of non-alcoholic steatohepatitis (NASH), a type of liver disease, chronic kidney disease (CKD), inflammatory bowel disease (IBD), idiopathic pulmonary fibrosis (IPF) and chronic cough as well as advancing a stroke program using N, N-Dimethyltryptamine (DMT). The Company operates through two segments, which includes the development of repurposed therapeutic drugs in Canada and the facilitation of the Company’s lead drug candidates into off-label phase II clinical trials (humans) in Australia. The Company's pipeline includes NP-251 (Repirinast) and AP-188 (DMT). The Company, through its subsidiary, Algernon NeuroScience Inc., is developing AP-188 (DMT) as a potential treatment for stroke and traumatic brain injury (TBI) recovery. Its NP-251 is being developed as a potential treatment for kidney inflammation and fibrosis.


CSE:AGN - Post by User

Comment by BehStreet on Jun 08, 2020 10:57am
258 Views
Post# 31124045

RE:Slow Walk

RE:Slow WalkHi Justforfun,

There shouldn't be any reason to "slow walk" the phase 2b/3 trail because of the IV formulation, this study is using 20 mg TID of NP-120 in oral pill form, not IV. As per the start date, it is stated on clinicaltrials.gov that the anticipated start date for the trial is July 2020. Also, as per the Vancouver Sun article from yesturday, Chris Moreau stated that they anticipate the start date to be "within the next 2 months", we are in early June so this is in line with the clinicaltrial.gov date of July. As for South Korea, as I have explained in the past, they have been excellent at mitigating the virus and Busan has only had 1 positive in the past few weeks. they can't run a trial if they can't get the patients.

Justforfun10 wrote: I could be wrong but it seems the trials are being slow walked until the IV formulation is achieved and toxicology tests are done. So the IV delivery may not be available until August or September. Could be they are trying to protect their proprietary interests. Disappointing that the Korean trial has yet to start. I see no compelling reason to buy this stock and it will probably drift down to 25 cents until the Cdn and US trials begin. Realistically I dont see them occuring until August at the earliest.


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