Ten percent screened in European phase III study of Diamyd® diabetes vaccine
Ten percent of the children participating in the European phase III study have
been screened and about a dozen have received their first injection.
“The studies are progressing as planned and we expect to keep on schedule,” says
Erika Hillborg, Director of clinical trials at Diamyd Medical. “The Swedish part
of the study began right before summer and we are just starting in Holland,
England, Germany, France, Finland, Slovenia, Italy, and Spain. We have already
injected the first patients in the parallel phase III study in the US.”
Strategically, the most important date for the study is when the last patient
receives his/her first injection (last patient in) since this determines the
results date. If all goes as planned, the study's 15-month results will come in
during the latter part of 2010, after which the market registration application
for the Diamyd® vaccine can be completed.
“Diamyd Medical could have the world's first diabetes vaccine out on the market
in 2011,” says Elisabeth Lindner, President and CEO. “We are going through big
changes and are preparing the company to become a pharmaceutical company. There
is enormous potential for the future.”
For more information, please contact:
Elisabeth Lindner, President and CEO Diamyd Medical AB (publ.),
elisabeth.lindner@diamyd.com
Phone: +46-8-661 0026
For pictures and press material, please contact:
Sonja Catani, Chief Communications Officer Diamyd Medical AB (publ),
sonja.catani@diamyd.com
Phone: +46-8-661 00 26
Diamyd Medical AB (publ.)
Linnégatan 89 B, SE-115 23 Stockholm, Sverige. Tel: +46 8 661 00 26, Fax: +46 8
661 63 68
E-post: info@diamyd.com. VATno: SE556530-142001.
Diamyd Medical is a Swedish biopharmaceutical company focusing on development of
pharmaceuticals for treatment of autoimmune diabetes and its complications. The
company's most advanced project is the GAD-based drug Diamyd® for type 1
diabetes and for which Phase III trials are ongoing in both the US and Europe.
Furthermore, the company has initiated clinical studies within chronic pain,
using its Nerve Targeting Drug Delivery System (NTDDS). The company has also
out-licensed the use of GAD for the treatment of Parkinson's disease.
Diamyd Medical has offices in Sweden and in the US. The share is quoted on the
OMX Stockholm Nordic Exchange (ticker: DIAM B) and on OTCQX in the US (ticker:
DMYDY) administered by the Pink Sheets and the Bank of New York (PAL). Further
information is available on the company's web site: www.diamyd.com
This information is disclosed in accordance with the Securities Markets Act, the
Financial Instruments Trading Act or demands made in the exchange rules.
