Investorideas.com

Get investor ideas from our AI, cannabis, cleantech, crypto, gaming, mining, sports podcasts - be a guest or sponsor: call 800 665 0411


Share on StockTwits

Galera Posts Positive Data from Phase 1/2 Pancreatic Cancer Trial

Source: Streetwise Reports

 

April 30, 2021 (Investorideas.com Newswire) Galera Therapeutics shares traded 25% higher after the company reported new data from its Phase 1/2 pilot study of dismutase mimetic GC4419 that when used in combination with radiation therapy was shown to nearly double median overall survival time in patients with locally advanced pancreatic cancer.


After U.S. markets closed for trading yesterday, clinical-stage biopharmaceutical company Galera Therapeutics Inc. (GRTX:NASDAQ), which focuses on the development and commercialization of therapeutic candidates that may potentially transform radiotherapy in cancer, announced "updated results from its Phase 1/2 pilot trial of GC4419, versus placebo, in patients with locally advanced pancreatic cancer (LAPC) who are undergoing stereotactic body radiation therapy (SBRT)."

The firm indicated that the updated data included all 42 patients enrolled in the study for a follow-up period of at least six months and that the data was consistent with that observed after the first three months of observation. Galera Therapeutics stated that during H2/21 it expects to release the final results from the trial after trial participants have each had a minimum of one year of follow up.

Galera Therapeutics' President and CEO Mel Sorensen, M.D., commented, "The data from this trial continue to impress, showing consistent and durable benefits across multiple measures, including the most important for the patient, overall survival...These encouraging results informed the design of our Phase 2b GRECO-2 trial and underscore our excitement about the potential to make a meaningful difference for patients with this tough diagnosis."

The company noted that near double the median overall survival rate was attained in patients receiving its dismutase mimetic GC4419 together with SBRT compared to the placebo group plus SBRT, "showing strong therapeutic potential." Specifically, median overall survival in the treatment arm was 20.1 months, versus just 10.9 months in the control group. The firm added that positive improvements versus placebo were also recorded in local tumor control, time to metastases and progression-free survival.

Sarah Hoffe, M.D., Section Head of GI Radiation Oncology at H. Lee Moffitt Cancer Center and Research Institute, remarked, "There are limited treatment options for patients with locally advanced pancreatic cancer and we are continually looking for innovative approaches...These pancreatic data are exciting and speak to the potential emergence of an entirely novel class of cancer therapeutics for patients."

Galera explained that "its selective dismutase mimetic product candidates are small molecules being developed to protect normal cells and sensitize cancer cells to radiotherapy." The company advised that its Phase 1/2 GC4419 pilot trial is a randomized, multicenter study of 42 patients who have been diagnosed with LAPC. The trial's objective is to evaluate the safety and efficacy of GC4419 used in combination with SBRT compared to SBRT with placebo only.

The company believes that the data observed in the study provides support to launch its Phase 2b GRECO-2 trial of its second dismutase mimetic product candidate, GC4711, combined with SBRT in patients with LAPC. Galera expects to enroll approximately 160 patients in the GRECO-2 study and plans to commence with dosing the first patients in H2/21.

Galera Therapeutics, Inc. is a clinical-stage biopharmaceutical company based in Malvern, Pa. The firm concentrates its efforts on creating and commercializing novel therapeutic candidates which show promise in improving the performance of radiotherapy in treating cancer. The firm listed that "its lead product candidate is avasopasem manganese (GC4419, also referred to as avasopasem), a selective small molecule dismutase mimetic initially being developed for the reduction of radiation-induced severe oral mucositis (SOM)."

Galera began the day with a market capitalization of around $165.1 million with approximately 24.98 million shares outstanding. GRTX shares opened 47% higher today at $9.73 (+$3.12, +47.20%) over yesterday's $6.61 closing price. The stock has traded today between $7.86 and $10.11 per share and is currently trading at $8.28 (+$1.67, +25.26%).

Disclosure:

1) Stephen Hytha compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. He or members of his household own securities of the following companies mentioned in the article: None. He or members of his household are paid by the following companies mentioned in this article: None.

2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees.

3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.

4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.

5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.

6) This article does not constitute medical advice. Officers, employees and contributors to Streetwise Reports are not licensed medical professionals. Readers should always contact their healthcare professionals for medical advice.

More Info:

Investorideas.com Newswire

This news is published on the Investorideas.com Newswire - a global digital news source for investors and business leaders


Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.

More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com

Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp


Follow Us on StockTwits






BiotechIndustryStocks.com - A Leading Global Investor Website for Biotech Industry Stocks

BiotechIndustryStocks.com - investing ideas in biotechnology stocks, medical technology and life sciences

Like Biotech Stocks? View our Biotech Stocks Directory

Get News Alerts on Biotech Stocks

Buy a biotech guest post on Investorideas.com