FinTechFunding

Island Pharmaceuticals: Appoints Sofgen for one-off supply of ISLA-101

Island Pharmaceuticals Appoints Sofgen for one-off supply of ISLA-101

  • Island Pharmaceuticals (ILA) executes a one-off proposal with Sofgen for the manufacture of ISLA-101 for the upcoming Phase 2a PEACH clinical trial in dengue infected subjects
  • The new proposal contains a schedule that has ISLA-101 clinical material being manufactured in mid-August, a six-week delay from most recent estimates
  • The company was looking for alternative manufacturers after its prior manufacturer was unable to provide certainty required to plan effectively
  • The new timeline has been consolidated and the company expects the investigational new drug (IND) application to be filed in October with the trial commencing in November
  • Shares in Island Pharmaceuticals are down 18.8 per cent, trading at 13 cents as of 12:01 pm AEST
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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