Analyst Group: Analyst Group Comment on Pila Pharma Initiated Preclinical Studies in Obesity
Pila Pharma AB (“Pila Pharma” or “the Company”) announced on 26 January that the Company’s preclinical studies in obesity have been completed. The studies showed that body weight in the obese rats included in the study was not affected, however, the final results of the study are not yet complete, and it remains unknown whether the rats were exposed to Pila Pharma’s candidate XEN-D0501. In connection with the study outcome, Pila Pharma also announced that the Company has entered into an agreement with a new clinical contract research organization (CRO) to prepare and submit an application for a clinical trial in obesity.
In summary, the preclinical obesity studies showed no effect on body weight. However, as exposure data are not yet finalized, it is currently not possible to conclude whether the outcome is driven by limited efficacy or insufficient systemic drug exposure following the formulation change. Against this backdrop, the decision to nevertheless proceed with preparations for a clinical application together with a new CRO represents a clear strategic choice, whereby the path toward clinical development continues, while the risk profile increases if the final preclinical results later indicate limited efficacy in the study. In light of the above, we will await complete preclinical study data before making eventual updates to our financial forecasts for Pila Pharma.
Read Analyst Group’s comment here
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This is a press release from Analyst Group regarding the publication of a comment on Pila Pharma. Readers may assume that Analyst Group has received compensation for making the comment. The Company has not been given an opportunity to influence the parts where Analyst Group has had opinions about the Company, future valuation or anything else that could be considered a subjective assessment.