🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Syntara adds new blood cancer indication to SNT-5505 development plan following government grant

Published 14/02/2024, 02:00 pm
© Reuters.  Syntara adds new blood cancer indication to SNT-5505 development plan following government grant

Syntara Ltd (ASX:SNT) will undertake a new Phase 2 trial evaluating the combination treatment of SNT-5505 and chemotherapy in patients with low and intermediate risk myelodysplastic syndromes (MDS), a group of blood cancer which affect blood cell production in bone marrow.

The trial will begin later this year, headed by the University of Newcastle’s Associate Professor Anoop Enjeti under the clinical framework of the Australasian Leukaemia and Lymphoma Group (ALLG).

The ALLG is the leading national investigator in blood cancer trials, having conducted more than 160 studies.

The University of Newcastle and its partners Syntara and the Australasian Leukaemia and Lymphoma Group (ALLG) were awarded a competitive Australian Government grant for $830,000 from the Australian Medical Research Future Fund (MRFF).

“Transfusion-dependent myelodysplasia has no approved treatments available for Australian patients,” University of Newcastle Senior Staff Specialist Haematologist/Conjoint Associate Professor Dr Enjet said.

“It is exciting that that MRFF funding will facilitate the collaboration between multiple partners translating the pre-clinical synergies between SNT-5505 and hypomethylating agents, into an early phase clinical trial with potential for improving the survival and quality of life for our patients.”

Grant-enabled indication

“The grant from the MRFF and the support of University of Newcastle and the ALLG enables us to expand the haematology indications for SNT-5505 beyond the current international myelofibrosis (MF) study and into another area of high unmet need and commercial value,” Syntara CEO Gary Phillips said.

“The possibility of seeing safety and efficacy data in this additional indication in the same time frame as the other phase 2 studies in MF, neurodegenerative disease and burn scars is a win for the company and its shareholders and will generate significant interest in SNT-5505 amongst companies with a focus on haematology.”

Syntara will contribute $700,000 over three years to the MDS study as well as supplying the study drug and LOX assays on tissue samples taken during the study.

“The ALLG is the only collaborative blood cancer clinical trial group in Australasia, conducting clinical trials into MDS, AML and other leukaemias, lymphomas and myeloma,” ALLG CEO Delaine Smith said.

“We are excited to launch this partnership to bring an important new treatment arm to the MDS05 MYDAS-T – MESSAGE trial and advance research opportunities for Australian patients with MDS.”

Syntara said the combination therapy had the potential to reduce dependence on transfusion-based treatments and improve the quality of life for MDS patients.

The MDS market is valued at about US$3.5 billion per annum globally, offering a lucrative market beyond the current development of SNT-5505 in myelofibrosis.

Read more on Proactive Investors AU

Disclaimer

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.