Get 40% Off
These stocks are up over 10% post earnings. Did you spot the buying opportunity? Our AI did 😎Read how

Aelis Farma completes patient enrollment for cannabis addiction study

EditorRachael Rajan
Published 01/09/2024, 12:37 PM
© Reuters.

BORDEAUX - Aelis Farma, a biopharmaceutical company, has announced the completion of patient recruitment for its Phase 2b clinical trial, which is investigating AEF0117, a potential treatment for cannabis use disorder (CUD). The study successfully enrolled 333 patients across 11 U.S. clinical centers, marking a significant step in the development of this first-in-class drug.

AEF0117 is part of a new class of drugs known as Signaling Specific inhibitors of the CB1 receptor (CB1-SSi) and is designed to selectively inhibit the pathological activity of the CB1 receptor without affecting its normal physiological function. The Phase 2b trial is a double-blind, placebo-controlled study that aims to determine the drug's efficacy in reducing cannabis consumption in individuals diagnosed with CUD.

The primary goal of the trial is to assess whether AEF0117 can increase the proportion of participants who consume cannabis one day per week or less compared to a placebo. Secondary endpoints include other levels of reduced consumption and potential improvements in quality of life. Initial results from the trial are expected by the end of the second quarter of 2024.

Professor Frances Levin from Columbia University, the principal investigator of the study, expressed gratitude toward the participants and medical teams involved and highlighted the demand for treatment options for CUD.

In preparation for a potential Phase 3 study, Aelis Farma has also conducted parallel toxicology studies, which have reportedly confirmed AEF0117's favorable safety profile as observed by the independent Data Safety Monitoring Board for the initial 115 patients.

The CEO of Aelis Farma, Pier Vincenzo Piazza, stated the company's commitment to continuing its roadmap with the aim of providing an effective treatment for cannabis addiction.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

The Phase 2b study of AEF0117 is part of a clinical program funded by the National Institutes of Health (NIH), which contributed USD 7.8 million in total, with USD 4.5 million allocated for the current phase. Additionally, Aelis Farma has an exclusive option and license agreement with Indivior PLC for the development and commercialization of AEF0117, which could lead to significant financial benefits for Aelis Farma upon successful advancement of the drug.

This news is based on a press release statement from Aelis Farma.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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.