Epix Pharmaceuticals Announces Fda Approval Of A Physician-sponsored Ind For Fourth 6-month Open Lab

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17th October 2009, 08:56am - Views: 657






Community Health Joseph F. Finn, Jr., C.P.A. 2 image










MEDIA RELEASE PR36627


EPIX Pharmaceuticals Announces FDA Approval of a Physician-Sponsored IND for Fourth 6-month Open

Label Extension of PRX-03140 for Alzheimer's Disease Patient


WELLESLEY HILLS, Mass., Oct. 17 /PRNewswire-AsiaNet/ --


    The FDA has approved a Physician-Sponsored IND and continuation of the fourth 6-month open label extension

of PRX-03140, a novel 5HT4 partial agonist for the potential treatment of Alzheimer's Disease. The patient was

enrolled initially in a two week Phase 2a study in August 2007 where she received 100 mg per day of PRX-03140

in combination with her normal daily dose of Aricept(R) (10 mg). Based on the marked progress during the original

two week study, the patient's daughter sought continued compassionate use of PRX-03140 for her mother and a

protocol was submitted to the FDA and approved. The progress seen in the first 2-week study has continued during

the past two years (19 months of dosing) and four FDA approved 6-month open label extensions. The latest open

label extension will be administered under a new Physician-Sponsored IND under the supervision of Dr. Lucy

Hornstein(1). "When I was approached by the patient's daughter to continue the compassionate use therapy of

PRX-03140 for her mother, I was compelled by the progress her mother had experienced and the overall apparent

safety of the drug," notes Dr. Hornstein.


    On July 20, 2009, EPIX Pharmaceuticals, Inc. (the "Company") entered into an Assignment for the Benefit of

Creditors (the "Assignment") in accordance with Massachusetts law. The purpose of the Assignment is to conclude

the Company's operations and provide for an orderly liquidation of its assets. The Assignment is a common law

business liquidation mechanism under Massachusetts law that is an alternative to a formal bankruptcy proceeding.

Under the terms of the Assignment, the Company transferred all of its assets to an assignee for orderly liquidation

and distribution of the proceeds to the Company's creditors. The designated assignee for the Company is Joseph

F. Finn, Jr. at Finn, Warnke & Gayton, 167 Worcester Street, Suite 201, Wellesley Hills, MA 02481.


    The PRX-03140 program will be sold at auction on Wednesday, October 21 at 3 pm EDT. Please contact Joseph

F. Finn, Jr. at 781-237-8840 if you are interested in participating in the auction.


    (1) Lucy Hornstein, M.D. is a private practice physician in Valley Forge, PA. She is the author of a recently

released book, "Declarations of a Dinosaur: 10 Laws I've Learned as a Family Doctor" by Kaplan Publishing.


SOURCE: Joseph F. Finn, Jr., C.P.A.


    CONTACT: Joseph F. Finn, Jr. of Finn, Warnke & Gayton, 

                       +1-781-237-8840








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