Shield Therapeutics (STX)

Sector:

Pharma and Biotech

Index:

FTSE AIM All-Share

1.47p
   
  • Change Today:
    -0.18p
  • 52 Week High: 12.50
  • 52 Week Low: 1.23
  • Currency: UK Pounds
  • Shares Issued: 782.06m
  • Volume: 7,401,365
  • Market Cap: £11.51m

Shield Therapeutics upbeat on results of latest Feraccru study

By Josh White

Date: Tuesday 29 Jan 2019

LONDON (ShareCast) - (Sharecast News) - Commercial stage pharmaceutical company Shield Therapeutics announced positive results from the open-label extension phase of the AEGIS-CKD pivotal study of 'Feraccru' on Tuesday.
The AIM-traded firm described Feraccru as a novel oral ferric iron therapy that is approved and marketed in the European Union for the treatment of iron deficiency (ID) in adults, and in Switzerland for the treatment of iron deficiency anaemia (IDA) in adults with inflammatory bowel disease (IBD).

It said the Feraccru AEGIS-CKD study was a pivotal phase III randomised, placebo-controlled, double-blind trial in chronic kidney disease (CKD) patients with IDA, which demonstrated superiority of Feraccru when the change in haemoglobin (Hb) from baseline after 16 weeks of treatment with oral Feraccru - 30mg twice daily - was compared to placebo.

That was followed by a 36-week open-label extension phase during which all subjects were treated with Feraccru.

For those patients initially treated with Feraccru, Hb levels were maintained over this 36-week follow-up period, and the treatment reportedly continued to be well-tolerated.

In addition, subjects who switched to Feraccru for the open-label phase showed a similar mean rise in Hb over their first 16 weeks of Feraccru treatment when compared to those initially treated with Feraccru.

Shield said the data further supported its hypotheses that Feraccru was "consistently well absorbed", and that chronic treatment with Feraccru could maintain Hb levels.

As had been previously shown in patients with IDA associated with IBD, the study in CKD patients demonstrated that Feraccru was also well-tolerated in a group of patients whose IDA was caused by a "very different" primary disease.

Overall, 73.6% of subjects entering the open-label extension period stayed on Feraccru therapy, and successfully completed the 52-week study.

"Iron deficiency is a significant and progressive issue in patients with chronic renal disease which has been challenging to treat due to poor compliance with traditional oral iron salts," said Dr Mark Sampson, chief medical officer of Shield Therapeutics.

"These results suggest that Feraccru offers a well-tolerated and effective treatment option which can benefit patients over the long-term."

The company's founder and chief executive officer, Carl Sterritt, added that such positive long-term treatment data for Feraccru in complex patients with chronic diseases like CKD provided a "very promising" signal for the future commercial success of the product.

"Having previously seen similar positive long-term effects in IBD patients with IDA this further clinical trial data provides additional evidence that Feraccru is well-tolerated by a majority of treated patients and is effective at correcting IDA," Sterritt said.

"We hope that this positive data provides the necessary evidence to both prescribers and patients with iron deficiency with or without anaemia that Feraccru offers a simple to administer, well tolerated and efficacious treatment alternative that does not require hospital-based administration."

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STX Market Data

Currency UK Pounds
Share Price 1.47p
Change Today -0.18p
% Change -10.82 %
52 Week High 12.50
52 Week Low 1.23
Volume 7,401,365
Shares Issued 782.06m
Market Cap £11.51m

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Value
44.4% below the market average44.4% below the market average44.4% below the market average44.4% below the market average44.4% below the market average
41.18% above the sector average41.18% above the sector average41.18% above the sector average41.18% above the sector average41.18% above the sector average
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96.08% below the market average96.08% below the market average96.08% below the market average96.08% below the market average96.08% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
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Growth
59.06% above the market average59.06% above the market average59.06% above the market average59.06% above the market average59.06% above the market average
77.14% above the sector average77.14% above the sector average77.14% above the sector average77.14% above the sector average77.14% above the sector average

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