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DANBURY, Conn., July 16, 2009 (GLOBE NEWSWIRE) -- Penwest
Pharmaceuticals Co. (Nasdaq:PPCO) today announced the results of its
Phase Ib clinical trial of A0001, a compound the Company is developing
for the treatment of mitochondrial diseases. Drs. Amale Hawi, Senior
Vice President, Pharmaceutical Development, and Thomas Sciascia, Senior
Vice President & Chief Medical Officer, will be presenting these results
at the Friedreich's Ataxia Therapeutics Meeting on Friday, July 17,
2009, in Philadelphia, PA.
In the Phase Ib trial, the drug was well tolerated by subjects, and no
serious adverse events were reported. There was a dose-dependent
increase in exposure approaching steady state within 2-4 days following
repeat-dosing, and a maximum tolerated dose was established.
Based on these results, Penwest plans to advance A0001 into Phase IIa
studies in patients with mitochondrial diseases. The Company intends to
commence two Phase IIa trials - one focused on patients with
Friedreich's Ataxia and the second focused on patients with the A3243G
mitochondrial DNA point mutation associated with the "MELAS" syndrome -
in the fourth quarter of 2009. The Phase IIa trials will be conducted
with twice daily oral dosing. The Company expects data from both of
these trials in the first half of 2010.
Jennifer L. Good, Penwest's President and CEO, said, "We are very
pleased to have completed the Phase I safety work on A0001 so that we
can advance this compound into patients. We believe A0001 is promising
for patients who suffer from mitochondrial diseases and currently have
very limited treatment options, and we are eager to begin to evaluate
the clinical benefit in patients."
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