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Island Pharmaceuticals: Receives FDA feedback on clinical trial application

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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.

Island Pharmaceuticals Receives FDA feedback on clinical trial application

  • Island Pharmaceuticals (ILA) receives additional FDA feedback after its IND application for a phase two trial of its ISLA-101 drug was put on Clinical Hold
  • The letter from the US Food and Drug Administration noted the adjustments needed to the company’s protocol and application to advance the program
  • The FDA says more data would also be required to support the proposed dosing regimen
  • Island says it plans to obtain this data in a small, single-ascending-dose clinical trial that measures the blood concentration of ISLA-101
  • IslandPharmaceuticals shares are trading at 15 cents at 3:37 pm AEDT
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