Update: ICU sedation; dose adjustment is key
Paion’s Japanese partner, Ono, intends to delay approval filing of short acting sedative remimazolam until it decides on a course of action following the unclear outcome from dose-finding studies in ICU sedation, a secondary indication. Paion does not expect this to affect the approval process in lead European and US indications of general anaesthesia and procedural sedation. We have lowered our valuation to €170m from €185m post June funding, adjusting for the Japanese delay.Paion is a holding company. Through its subsidiaries, Co. is a biopharmaceutical company focusing on developing and commercializing drugs to be used in out-patient and hospital-based anesthesia, sedation and critical care services. Co.'s key compound is Remimazolam, an intravenous ultra short-acting and controllable anesthetic/sedative drug candidate in advanced stages of development for use in procedural sedation and general anesthesia.
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