Adventrx Pharmaceuticals - An EPIC moment
Jan 30th 2013 - Edison Investment Research today published a report on Adventrx Pharmaceuticals entitled "An EPIC Moment". In summary, the report says:
Adventrx has initiated patient recruitment in its pivotal Phase III study (EPIC) of ANX-188 in sickle cell disease, a significant achievement that puts the drug well ahead of its competitors. The trial design had previously been disclosed, which from an operational and statistical perspective appears to give the product an excellent chance of demonstrating a reduction in the duration of painful ‘crisis’ episodes. The rate of trial enrolment and patient dosing could have a bearing on Adventrx’s ability to secure a strategic partner and/or fresh finance required to complete the two-year study. We maintain our recently upgraded valuation of $137m or $2.50 per share.
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