The Company has finalized a novel once daily formulation of solabegron which will be evaluated in a second study. The formulation was engineered to optimize efficacy in a convenient once daily dosing. This study (VEL2001) will initiate patient enrollment in the second quarter of this year.
Additionally the United States Patent and Trademark Office (USPTO) has issued U.S. Patent No. 9,907,767, which is directed to methods related to the use of solabegron to treat overactive bladder. The patent issued with 42 claims directed to methods of treating overactive bladder, measured by an increase in voided volume, using a therapeutically effective amount of solabegron or its derivatives. This issued U.S. Patent is part of a robust intellectual property portfolio that includes numerous issued patents and pending patent applications in the U.S. and major international markets directed to solabegron, its use for the treatment of overactive bladder, once daily formulations designed to optimize patient convenience and efficacy and methods of manufacture.
“We are pleased to be enrolling patients into the first of two dose ranging studies. Driving the program forward with the novel once daily formulation of solabegron as well as expanding our intellectual property estate are key steps for Velicept as we work to deliver an optimal therapy to patients suffering from OAB,” said James Walker, President and Chief Executive Officer, Velicept Therapeutics. “Many patients who suffer from overactive bladder do not achieve adequate relief on existing therapies, so we have designed our development program to maximize potential treatment options for physicians and their patients.”The multicenter, randomized, double-blind, vehicle-controlled Phase 2b study will enroll 375 adult women ages 18 to 80 with signs and symptoms of overactive bladder from 90 centers across North America. Patients will receive either 125mg or 175mg of solabegron twice daily or placebo for 12 weeks.
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