Like all companies globally, ST is closely monitoring the COVID-19 pandemic. In any kind of health crisis, all pharmaceutical companies must contribute their expertise to find answers. A key ST partner is Spanish company PharmaMar, which has announced its novel marine-derived multiple myeloma compound is showing encouraging laboratory results as a promising COVID-19 target. ST hopes to engage with some of Australia's most-respected research authorities to ensure this compound is made available for trial purposes at the earliest opportunity. We also wish to assure our customers that ST has an ample supply of its oncology medicines and we do not foresee any shortages or any impact to patients.
See below for full PharmaMar press release.
PharmaMar reports positive results for APLIDIN® against coronavirus HCoV-229E
Madrid, March 13th, 2020. PharmaMar (MSE:PHM) reports that the in vitro studies results of APLIDIN® (plitidepsin) on the human coronavirus HCoV-229E, which has a multiplication and propagation mechanism very similar to COVID-19 , have been positive with a potency of the nanomolar order. These studies have been carried out at the National Biotechnology Centre (Centro Nacional de Biotecnología) of the Spanish National Research Council (CSIC) by Dr Luis Enjuanes, Dr Isabel Solá and Dr Sonia Zúñiga.
These results confirm the hypothesis that the therapeutic target of APLIDIN® (plitidepsin), which is EF1A, is key to the multiplication and spread of the virus.
With these data, PharmaMar will contact regulatory authorities to analyze the possibilities of studies on patients infected with COVID-19 .
This press release does not constitute an offer to sell or the solicitation of an offer to buy securities, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.
Headquartered in Madrid, PharmaMar is a biopharmaceutical company, focused on oncology and committed to research and development which takes its inspiration from the sea to discover molecules with antitumor activity. It is a company that seeks innovative products to provide healthcare professionals with new tools to treat cancer. Its commitment to patients and to research has made it one of the world leaders in the discovery of antitumor drugs of marine origin.
PharmaMar has a pipeline of drug candidates and a robust R&D oncology program. It develops and commercializes YONDELIS® in Europe and has other clinical-stage programs under development for several types of solid cancers: lurbinectedin (PM1183), PM184 and PM14. With subsidiaries in Germany, Italy, France, Switzerland, Belgium, Austria and the United States. PharmaMar wholly owns other companies: GENOMICA, a molecular diagnostics company; Sylentis, dedicated to researching therapeutic applications of gene silencing (RNAi). To learn more about PharmaMar, please visit us at www.pharmamar.com.
Alfonso Ortín – Communications Director email@example.com Mobile: +34 609493127