New information regarding RhuDex(TM)
In cooperation with the British drug regulatory authority MHRA (Medicines and Healthcare Products Regulatory Agency), MediGene has conducted a series of in-vitro studies to rule out any potential detrimental interaction between RhuDex(TM) and arteriosclerotic blood vessels.
The results are now submitted to the regulatory authority for appraisal. Upon approval of the authorities, clinical development of the drug candidate may be resumed before the end of this year.
Lund, August 7, 2009
Active Biotech AB (publ)
President and CEO
For further information, please contact:
Göran Forsberg, VP Investor Relations & Business Development
Tel: +46 (0) 46 19 11 54
Notes to editors
RhuDex is a novel, orally available compound for the treatment of rheumatoid arthritis, originating from Active Biotech's patented CD80 antagonists, out-licensed to MediGene AG. RhuDex is being developed as a disease-modifying drug for the treatment of rheumatic diseases.
About Active Biotech
Active Biotech AB (NASDAQ OMX NORDIC: ACTI) is a biotechnology company with focus on autoimmune/inflammatory diseases and cancer. Projects in pivotal phase are laquinimod, an orally administered small molecule with unique immunomodulatory properties for the treatment of multiple sclerosis, as well as ANYARA for use in cancer targeted therapy, primarily of renal cancer. Further key projects in clinical development comprise the three orally administered compounds TASQ for prostate cancer, 57-57 for SLE and RhuDex(TM) for RA. Please visit www.activebiotech.com
for more information.
Active Biotech AB
PO Box 724, SE-220 07 Lund
Tel: +46 (0)46-19 20 00
Fax: +46 (0)46-19 11 00
Active Biotech is required under the Securities Markets Act to make the information in this press release public. The information was submitted for publication at 08:30 a.m. CET on August 7, 2009.