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    ACE   SE0010573113

ASCELIA PHARMA AB (PUBL)

(ACE)
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Ascelia Pharma : Food Effect Study with Orviglance successfully completed

10/19/2021 | 01:31am EST

Ascelia Pharma AB (publ) (ticker: ACE) today announced that the last patient visit has been completed in the study to evaluate the effect of food intake on the absorption of Orviglance (Mangoral). This Food Effect Study is part of the ongoing pivotal clinical program for Orviglance and will be included in the marketing authorization package to the health authorities including FDA and EMA.

Orviglance is Ascelia Pharma’s oral investigational MRI imaging agent used in the visualization of cancer in the liver and is currently in Phase 3 development. The Food Effect Study is designed to assess whether the current requirement to fast before patients are given Orviglance is strictly necessary. A potential removal or adjustment of the fasting requirement will simplify and provide convenience for patients using Orviglance.

More specifically, the objective of the Food Effect study is to evaluate the effect of food intake on pharmacokinetics, pharmacodynamics and safety of Orviglance. In this crossover study, Orviglance was administered in 24 healthy volunteers in fasting condition versus two conditions with food intake (snack or full meal).

Preliminary data indicate that Orviglance has been well tolerated in the study. Final results of the Food Effect Study are expected within 4 months.

“We are pleased to have completed the patient enrollment amid the Covid-19 pandemic. A potential removal of the current fasting requirement could further improve the convenience and ease the administration of Orviglance in clinical practice”, said Carl Bjartmar, Chief Medical Officer of Ascelia Pharma.

© Modular Finance, source Nordic Press Releases

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Financials
Sales 2021 - - -
Net income 2021 -126 M -13,6 M -13,6 M
Net cash 2021 252 M 27,2 M 27,2 M
P/E ratio 2021 -
Yield 2021 -
Capitalization 825 M 88,8 M 89,1 M
EV / Sales 2021 -
EV / Sales 2022 -
Nbr of Employees 12
Free-Float -
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Number of Analysts 0
Last Close Price 24,50 SEK
Average target price 58,00 SEK
Spread / Average Target 137%
Managers and Directors
Magnus Olafsson Corfitzen Chief Executive Officer
Kristian Borbos Chief Financial Officer
Peter James Arthur Benson Chairman
Carl Bjartmar Chief Medical Officer
Bo Jesper Hansen Independent Director
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