IRLAB Therapeutics - Phase IIb recruitment complete
IRLAB Therapeutics announced that it has completed patient recruitment for its ongoing Phase IIb study investigating mesdopetam in the treatment of patients with Parkinson’s disease levodopa-induced dyskinesias (PD-LIDs). We see the successful patient enrolment for the trial as a positive indicator for the company being on track to deliver top-line readouts from the study around the end of 2022, representing the most important near-term catalyst. Mesdopetam is being developed in collaboration with Ipsen, which will assume responsibility for the drug’s clinical development programme through registration and global commercialisation, should positive Phase IIb data be reported. We maintain our estimates and valuation of IRLAB at SEK6.40bn or SEK123.7 per share.IRLAB Therapeutics AB is a Sweden-based research and development company. It focuses on illnesses in the central nervous system and primarily on development of drugs to assist patients with Parkinson's disease. The Company possesses a research platform Integrative Screening Process (ISP), which aims to discover and develop drug candidates for the treatment of brain diseases. The Company operates projects on both clinical phase and preclinical phases. The primary projects are IRL790 and IRL752, both on clinical phase. The IRL790 project is a psychomotor stabilizer for the treatment of levodopa (L-dopa) amino acid that dyskinesia induces in Parkinson's Disease (PD-LIDs) and Parkinson Disease psychosis (PD-Psychosis). The IRL752 project aims at cortical enhancement for the treatment of Parkinson Disease Dementia (PD-D) and Behavioral and Psychological Symptoms of Dementia (BPSD).
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