Cereno Scientific and OCT sign contract for the conduct of a phase II study in patients after knee replacement

OCT and Cereno Scientific have previously signed a Letter of Intent about their collaboration to conduct a phase II study to investigate the antithrombotic effects of Cereno’s candidate drug CS1. The two companies have now reached a definitive agreement and set out the framework for the planned phase II study. Applications to conduct the study are expected to be submitted in the fourth quarter of 2018.

“The planned phase II study will be the second clinical study with CS1. The study is based on solid results from preclinical studies and a successful clinical study in humans which demonstrated that CS1 is well tolerated with a positive side effect profile, a good controlled release pharmacokinetic profile and significant lowers PAI-1 levels, where PAI is an important risk factor for thrombosis formation. Together with OCT, we are now working intensively on the preparations for the next study start,” says Cereno Scientific’s CEO Sten R. Sörensen.

The Phase II study will be performed in patients undergoing orthopaedic surgery. The risk of blood clots increases during surgery and the aim of the study is to document the effect of the drug candidate CS1, in preventing thrombosis.

OCT will involve regional hubs and key opinion leaders in Russia and Bulgaria to enrol patients into this phase II study. In total, approximately 20 clinics are estimated to be included in the study.

“We are pleased to assist Cereno Scientific in the development of their innovative product. We hope that our partnership will provide the pharmaceutical market with a valuable drug which improves preventive therapy against thrombosis and improves the quality of life for patients. To achieve this, we are ready to apply our strong expertise and relationships with the leading investigational sites”, says OCT President Dmitry Sharov.

About Cereno Scientific AB 

Cereno Scientific is developing a novel preventive medicine to treat thrombosis-related disease, based on the body’s own intelligent clot-busting system. Cardiovascular disease is currently the leading cause of death worldwide. Current therapies are connected to an increased risk of bleeding and, as a result, low effectiveness due to lower dosing levels. In turn, this leads to a high risk of new blood clots. Cereno Scientific’s drug candidate, CS1, is expected to provide a possibility for an effective prevention of thrombosis and a lower risk for serious bleeding complications than with current blood-thinning therapies. CS1 is a controlled release formulation of a known compound and, as such, is expected to have a relatively short development time. The Gothenburg-based company is located in AstraZeneca’s BioVentureHub and is supported by GU Ventures. Cereno Scientific’s B share has been listed on Spotlight Stock Market since June 2016 with the ticker CRNO B, ISIN SE0008241558.

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