I stumbled across this company while researching ITP after I was first diagnosed in April 2017. I have since purchased shares in the company and also this morning I sent them my contact info and asked them about their new patient trials (no reply as of yet, I just sent it). Below is a copy of their letter to shareholders sent out this morning 6/7/2017 and a link to their website if you would like to read more info. It is a good sign that somebody has adopted ITP and even if their treatment research falls flat there can be lessons learned from that.
To My Fellow Shareholders:
Protalex started 2017 with several advances to our global clinical development programs of our lead product, PRTX-100, a highly-purified form of Staphylococcal protein A (SpA), as a potentially safe and effective new treatment for autoimmune diseases, that position us for continued advancement throughout the balance of the year and beyond.
We continue to enroll our Phase 1/2 dose escalating studies of PRTX-100 as a potential new treatment for chronic immune thrombocytopenia (ITP) in the U.S. (the 202 Study) and in Europe (the 203 Study). To meet the challenge of patient recruitment associated with an orphan disease like ITP, we markedly expanded the number of clinical sites in both the U.S. and Europe. Last week we began patient screening in the United Kingdom to augment the 203 Study in Europe. With this expansion, we now have more than 20 sites worldwide open for patient enrollment.
The 203 study is an ascending dose phase 1/2 focused on adult with ITP who have failed one prior treatment. The 202 study includes adults with chronic ITP who have proven refractory to thrombopoietin agonists. We expect to complete the second cohorts of each of these studies shortly and look forward to advancing both studies to their third cohorts. For additional information on trial design and study sites, please visit
www.clinicaltrials.gov
.
We are encouraged by our initial results in both the 202 and 203 Studies, which thus far show an acceptable safety profile to support continued enrollment into higher-dose cohorts in both trials. We have observed two platelet responses, as defined per protocol, in the trials, as described in part in an abstract published for the American Society of Hematology conference in December 2016.
Regulators have granted PRTX-100 Orphan Drug Designation as a potential treatment for ITP in both the U.S. and Europe. This status provides commercial exclusivity benefits, tax credits for certain research, potential research grants and a waiver of the New Drug Application user fee in the U.S. Earlier this year, we applied for a $500,000 grant for our ITP trials with the Office of Orphan Products Development (OPD) in the U.S. Food and Drug Administration (FDA). We are pleased to report that our application received a Priority Score of 20, which is a competitive ranking as scores are graded 0-90 with zero being the highest score. We believe that we will likely receive the grant because scores better than 30 received funding in previous grant cycles. We will receive notification by the end of September and, if awarded, will receive the funds shortly thereafter.
We recently initiated a study of PRTX-100 in an animal model of Myasthenia Gravis (MG) and expect to have top-line results from that study sometime in the 3rd quarter of 2017. MG is an autoimmune disorder caused by anti-self antibodies that react with the neuromuscular junction causing muscle weakness and fatigability. MG remains underdiagnosed in the United States and has an estimated incidence of 14 to 20 per 100,000 population, thus approximately 36,000 to 60,000 cases in the U.S.1 Current treatments, which include corticosteroids and immunosuppressant agents, are not optimal as they can cause severe adverse events. As neurological autoimmune disorders in general lack efficacious treatments without adverse side effects, we believe that achieving positive results in the mouse preclinical model of MG could widely expand the development and application of PRTX-100 in other neurological autoimmune conditions.
We continue to invest in expanding our global intellectual property portfolio as part of our commitment to broadly protect our proprietary immunomodulatory SpA technology. We continue to fortify our patent estate to support our comprehensive strategy for the development and commercialization of PRTX-100 in a variety of autoimmune and inflammatory diseases. In the past year, we were granted seven key international patents that protect and expand the uses for PRTX-100 in autoimmune diseases, including rheumatoid arthritis (RA), ITP, and MG, among others.
We are especially grateful to the patients, clinicians, collaborators, and employees who have contributed to our progress and who will continue to help us succeed. We believe that the next 12 months will be a period of both confirmation of the safety and efficacy of PRTX-100 as a potential treatment for ITP, as well as one of expansion of its potential indications and uses.
On behalf of our Board of Directors and management team, I thank you for your continued interest in and support of Protalex as we advance our plans to bring potential new treatment options to patients suffering with autoimmune diseases such as RA, ITP and MG.
Sincerely,
Arnold P. Kling
President
www.protalex.com/