MOLOGEN AG prepares start of clinical study with cancer medicine MGN1703

02-Jun-2008

MOLOGEN is moving swiftly forward with its preparations for starting the clinical study on the innovative cancer medicine, MGN1703. The aim is to start with patient consumption in a few weeks time. MGN1703 is based on the DNA immunomodulator dSLIM® developed by MOLOGEN. The quantities of the Investigational Medicinal Product MGN1703 required for the clinical study have already been produced and are all available. Together with the study centers, university hospitals in Essen and Cologne, the organizational and logistical procedures required to ensure an optimum study are currently being prepared. The last formal specifications of the approval and licensing authorities were met in the past few days.

Speaking about the preparatory work, Dr. Matthias Schroff, Chief Executive Officer of MOLOGEN AG said: "The preparations for starting the clinical study with MGN1703 on schedule are going full steam ahead. I expect that we will be able to bring the first patients into the study in a few weeks time."

The planned study (Phase I) of the safety, compatibility and immunological effect of MGN1703 in the treatment of various cancers is a major milestone for a comprehensive clinical development program. MOLOGEN plans to establish an effective, compatible treatment for the treatment of the most frequent cancers in the form of MGN1703. According to forecasts from experts, there is a global market worth several billion dollars for innovative, immunomodulatory forms of cancer therapy. The study is to be performed at the renowned cancer centers in university hospitals in Essen and Cologne, and will last around six months.

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