Glenmark Pharma stock gains 1% as it starts clinical trials for anti-myeloma drug

December 9, 2017

From the company’s immune-oncology portfolio, GBR 1342 is an investigational new drug.

The share price of Glenmark Pharma  advanced over a percent intraday Friday. This was observed as the company started clinical trial for anti-myeloma drug.

The company stated in filing that the first patient was dosed in a phase-1 clinical trial of GBR 1342. This is an investigational antibody for treatment of multiple myeloma.

From the company’s immune-oncology portfolio, GBR 1342 is an investigational new drug.

The company also stated that this first-in-human, open-label study’s primary objective is to review the safety and tolerability of increasing doses of GBR 1342 in multiple myeloma patients until a maximum tolerated dose is reached.

It was informed that the additional study objectives also embrace the assessment of biomarkers, immunogenicity and additional measures of anti-tumour activity.

In just the last year, three of the biologics of company have begun clinical trials. This is a testament to the outstanding progress made by the global R&D workforce. Out of three, two are immuno-oncology agents according to the President and Chief Medical Officer of the company, Fred Grossman.

Earlier, the US health regulator had cleared Glenmark’s investigational new drug application to initiate phase-1 study of GBR 1342 in May.

On the BSE, the stock price was quoting at Rs 536.50, up Rs 3.85, or 0.72 percent at 12:10 hours IST.

About MCR World

I started my career as content writer at Money classic Research. I am fascinated with this job and I feel habit of reading and writing enhances your skills. I love to write technical and health blogs. However, I am engineer turned writer and pursued graduation at Rajiv Gandhi Prodyogiki Vishwavidhyalaya.
By: MCR World

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