JNJ was in partnership talks with this co some years back. They could be worth a punt with an Alzheimers trial also completing December this year. Upside is enormous.
Prana Completes Phase 2 Huntington Disease Trial with PBT2
Melbourne – July 23, 2013: Prana Biotechnology (NASDAQ:PRAN; ASX:PBT) today
announced the successful completion of Reach2HD, a phase 2 clinical trial in patients with
early to mid-stage Huntington disease. The Company expects to announce the results
arising from the trial in October.
Reach2HD is a randomised, double-blind, placebo-controlled Phase 2 trial testing the safety
and efficacy of PBT2, the Company’s lead compound under development for both
Huntington disease and Alzheimer’s disease.
“We have been extremely pleased with the conduct of the trial, at all levels including
recruitment and patient retention,” said Dr Ray Dorsey, Principal Investigator of the
Reach2HD study and Director of the Huntington Study Group Coordination Center.
Reach2HD had planned to recruit 100 patients with Huntington disease in 9 months. In fact,
109 participants were enrolled in the trial within that period. “The strong rate of recruitment
reflects support for the Reach2HD trial within the Huntington disease clinical research
community,” said Dr Dorsey. Of the 109 enrolled, 104 patients completed the trial, reflecting
a retention rate of over 95%.
A Data Safety Monitoring Board met on five occasions throughout the trial and on each
occasion recommended that no changes or modifications to the study protocol be made
based on their review of the safety data.
The primary outcome of the trial is safety and tolerability. The trial also includes a number of
secondary outcome measures from the cognitive, motor and behavioural domains affected in
Huntington disease. A positive result of Reach2HD will identify signals of therapeutic benefit
in one or more of the domains measured, which will inform the design of the next clinical
Prana finished the week on rising volume and a 20% rise over the last two days. Hard to get action like that on these big stocks. PRAN has broken out of its last trading range. Expect it to continue up to first trial results in October. I think perhaps JNJ could be going over the data they have from their last meetings in Aus a few years back.
Prana have just hired a development manager. I guess they think at least one the trials are positive. Their Alzheimers trial completes in Dec with results expected in March next year.
Their Huntington's trial is finished with results expected in less than 8 weeks.
May be worth a small speculative punt. With a prospective AD drug the market cap of $117m is quite low.