Bellus HealthJust an indication of where positive FDA data could bring us. Bellus Health is another Canadian Bio tech with positive Phase 1 data showing
potential to be a therapeutic for refractory chronic cough patients. What happens if we show potential to be a cure for diabetes??? Before/After Phase 1 data
Bellus Health (
Bellus Health Stock Quote, Chart TSX:BLU)
Closing Price on December 29, 2017: $0.37
Closing Price on December 28, 2018: $1.02
Percentage Change: +176% Bellus Health this fall finished up Phase 1 clinical trials on their BLU-5937 drug to treat chronic cough, aimed at accessing a multi-billion-dollar market. Acquired from Neomed in 2017, BLU-5937 was found to have a good safety and tolerability profile, while its backers see it as a better bet than Merck’s competing drug candidate, which comes with loss of taste as a side-effect. Phase 2 trials are expected to start by mid-2019. Bellus recently closed on a $35-million equity offering, with President and CEO Roberto Bellini attesting that the financing effectively topped off a “transformational year” for his company.
“We are pleased to have the support and confidence of this high-quality group of healthcare-focused investors,” said Bellini. “This funding will enable us to advance the clinical development of BLU-5937 as expeditiously as possible. Accordingly, we look forward to initiating our Phase 2 study in chronic cough patients in mid-2019.”