Arecor Therapeutics (AREC)

Sector:

Pharma and Biotech

Index:

FTSE AIM All-Share

 76.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 199.00p
  • 52 Week Low: 66.00p
  • Currency: UK Pounds
  • Shares Issued: 37.76m
  • Volume: 413
  • Market Cap: £28.88m
  • Beta: 0.09

Arecor Therapeutics begins type-2 diabetes trial

By Josh White

Date: Wednesday 22 Mar 2023

LONDON (ShareCast) - (Sharecast News) - Arecor Therapeutics announced the start of the phase one clinical trial for its ultra-rapid acting insulin candidate 'AT278' on Wednesday, with the first patient being dosed.
The AIM-traded company said the trial would focus on investigating the pharmacokinetic (PK) and pharmacodynamic (PD) profile of the insulin candidate in type-2 diabetic patients, which was the primary target population.

It said the trial is a double-blind, randomised crossover study that would compare the PK and PD profile of a single subcutaneous dose of 0.5 U/kg of AT278 with 'NovoRapid' at 100 U/mL in 32 participants.

In addition, the PK and PD profile of a single subcutaneous dose of 0.5 U/kg 'Humulin-R U500' would also be evaluated in each of the participants.

The trial was being conducted at the Medical University of Graz in Austria, which Arecor described as an expert clinical research facility in metabolic diseases research and euglycemic clamp methodology, with professor Thomas Pieber serving as the trial's principal investigator.

"Having already demonstrated AT278's very promising profile in type-1 diabetes patients, we look forward to furthering our understanding of its potential impact in type-2 diabetes patients, the primary target market for this potential insulin treatment," said chief executive officer Sarah Howell.

"The number of people living with type-2 diabetes is increasing year-on-year and driven by the obesity epidemic, many are becoming insulin resistant, requiring large volumes of insulin and multiple injections to manage their condition, which is a heavy daily burden."

Howell said that with no concentrated rapid-acting insulin products on the market, AT278 could be the first such product available to patients, enabling effective blood glucose management alongside the "convenience and compliance benefits" of high insulin doses in a lower injection volume via a single injection.

"In addition, a truly rapid acting, concentrated insulin is a critical step towards the advancement and miniaturisation of the next generation of insulin delivery devices."

At 1416 GMT, shares in Arecor Therapeutics were flat at 260p.

Reporting by Josh White for Sharecast.com.

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AREC Market Data

Currency UK Pounds
Share Price 76.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 199.00p
52 Week Low 66.00p
Volume 413
Shares Issued 37.76m
Market Cap £28.88m
Beta 0.09

AREC Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
53.6% below the market average53.6% below the market average53.6% below the market average53.6% below the market average53.6% below the market average
Sector averageSector averageSector averageSector averageSector average
Price Trend
87.11% below the market average87.11% below the market average87.11% below the market average87.11% below the market average87.11% below the market average
71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average
Income Not Available
Growth
59.12% above the market average59.12% above the market average59.12% above the market average59.12% above the market average59.12% above the market average
64.71% above the sector average64.71% above the sector average64.71% above the sector average64.71% above the sector average64.71% above the sector average

AREC Dividends

No dividends found

Trades for 21-Nov-2024

Time Volume / Share Price
11:00 392 @ 73.50p
11:00 392 @ 73.50p
09:00 20 @ 73.50p
09:00 20 @ 73.50p
08:15 1 @ 78.00p

AREC Key Personnel

CEO Sarah Jennifer Howell
CFO David Ellam

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