Mar 08th 2013 - Edison Investment Research today published a report on Pharmaxis entitled "Rethinking Bronchitol". In summary, the report says:
Pharmaxis is set to release results of a large Phase III trial of Bronchitol (inhaled mannitol) in non-cystic fibrosis bronchiectasis in Q2, which could mark a turning point after its recent travails. Pharmaxis has seen its share price fall heavily (c 65%) in the wake of the negative US FDA advisory committee review of Bronchitol in cystic fibrosis (CF) in January. However, its recent US$40m financing allows it to continue development of Bronchitol for CF/non-CF uses in the US and EU.
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