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Biotron soars after announcing heptatits C cure

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  • Biotron soars after announcing heptatits C cure

    Biotron soars after announcing heptatits C cure
    11 Oct, 2014

    Sydney: Australian biotechnology group Biotron on Friday announced it had achieved a 100 per cent cure rate in a clinical trial of a new hepatitis C treatment.

    The announcement helped the company's shares touched a new high. Biotron said in a statement that five patients who completed a phase II trial of its experimental antiviral drug remained hepatitis C-free three months after the end of treatment.

    "In this trial the patients are cured, the virus has gone and it's not coming back. Although the number of patients is small the results are highly encouraging," Biotron managing director Michelle Miller told BusinessDaily.

    The share price of the firm doubled following Friday's announcement and ended the day 5c, or 50 per cent, higher at 15c.

    The treatment named BIT225 is based on research by Australian National University and it can be effective on key strains of the virus.

    Biotron has also announced a wider trial of 60 patients and is expected to have preliminary results in by the end of the year. The trials are being conducted in Thailand, where hepatitis C is a major health issue. BIT225 has also shown potential to treat HIV.

    Dr Miller said that it is likely that a major pharmaceutical company would now acquire Biotron and cover the cost of running phase III trials involving hundreds of patients.

    BIT225 treatment works with existing treatments, interferon and ribavirin, but raises their effectiveness. These treatments which are currently available in the market offer a cure rate of about 50 per cent for genotype 1 and 70 per cent for genotype 3 - two of the key strains.

    Dr Miller claimed that said BIT225 could be more effective across a wider range of hepatitis C types.

    delhidailynews.com
    http://thailandchatter.com/showthrea...ll=1#post45112
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