PriceSensitive

Algernon Pharmaceuticals (CSE:AGN) announces NP-120 (Ifenprodil) research program and appoints Dr. William North as lead consultant

Health Care
CSE:AGN
11 August 2021 10:00 (EDT)

Algernon Pharmaceuticals has initiated an NP-120 (Ifenprodil) small cell lung cancer (SCLC) research program.

Dr. William North, professor emeritus at Dartmouth College and cancer research pioneer, has been named as lead consultant. SCLC is a high-grade neuroendocrine carcinoma arising predominantly in current or former smokers and has an exceptionally poor patient prognosis. SCLC accounts for approximately 15 per cent of all lung cancer cases.

In a study published in January 2019, Ifenprodil in combination with chemotherapeutic agent topotecan produced clear additive effects that completely blocked tumour growth.

Key findings from the study:

Algernon announced that it signed an exclusive licensing agreement with Dartmouth College to acquire the rights to a method of use patent for treating neuroendocrine cancers which express functional N-methyl-D-aspartate (NMDA) receptors.

The company is planning to submit a pre-IND (Investigational New Drug) meeting request with the U.S. Food and Drug Administration to present all elements of the SCLC cancer clinical program design to receive the agency’s guidance and advice. This program will be the second cancer-based initiative the company has launched, following the recent announcement of the start of its pancreatic cancer research program.

“We are very pleased to be expanding our Ifenprodil cancer research program to include SCLC,” said Christopher J. Moreau, CEO of Algernon Pharmaceuticals. “We also welcome Dr. William North to help us lead the investigation of Ifenprodil’s potential as a new non-toxic cancer therapy.”

Dr. William North is a Professor Emeritus of Physiology and Neurobiology at the Geisel School of Medicine at Dartmouth College and was a Senior Faculty member of the Norris Cotton Cancer Center. Dr. North was appointed Professor in 1988 and joined the medical school in 1974.

Dr. North has served on several Advisory Councils, including NIH and DOD Study Sections, is a member of the CALGB, the American Association for Cancer Research, the Endocrine Society and AAAS, and is a Fellow of the International Neuropeptide Society.

Dr. North has published extensively with 232 scientific manuscripts and 17 reviews and book chapters and is an inventor of several U.S. Patents.

Dr. North holds a Ph.D. in Biochemistry, and in Physiology, from the University of Queensland, Australia, an MS (equivalent) from Melbourne University, and an honorary MA degree from Dartmouth College.

Algernon is a clinical-stage pharmaceutical development company that investigates safe, approved drugs for new disease applications.

Algernon Pharmaceuticals Inc. (AGN) opened trading at C$0.115 per share.

Related News