Biotest AG: Biotest starts clinical development programme of human fibrinogen concentrate to treat serious, life-threatening bleeding
Biotest AG / Key word(s): Miscellaneous / Biotest starts clinical development programme of human fibrinogen concentrate to treat serious, life-threatening bleeding - Approval of study protocol to conduct a phase I/II clinical trial - Treatment of first patient with congenital fibrinogen deficiency is expected shortly
This study investigates whether congenital fibrinogen deficiency can be compensated by the administration of fibrinogen concentrate. Moreover, the study will examine to what extent the administration of fibrinogen concentrate can stop acute bleeding in patients with such a deficiency. Approximately 20 patients in the age between 6 and 75 will be included in this multinational phase I/II study, which will be conducted in several countries. A follow-up study will examine the efficacy of fibrinogen concentrate in treating serious, acquired bleeding complications, which can occur for example during cardio-surgical interventions and/or atonic bleeding after childbirth. Only recently diagnostic test methods are available for the determination of fibrinogen deficiency in the surgery and emergency room (point-of-care diagnostics). Thus, for the first time a targeted and prompt administration of clotting factors during surgery is feasible. As a consequence the demand for fibrinogen is increasing tremendously. The global market for fibrinogen for the treatment of serious, acquired bleeding is estimated EUR 530 million. Biotest aims to cover approximately 20% of the global market with its proprietary development, thus generating additional turnover of EUR 100 million. About fibrinogen and fibrinogen deficiency Fibrinogen is a clotting factor that is produced in the liver. It plays a key role in primary haemostasis (stopping blood loss from bleeding wounds) and wound healing. In case of a lack or shortage of fibrinogen blood's ability to clot is impaired which leads to a much greater risk of bleeding and delayed haemostasis. So far, these patients have been treated primarily with fresh frozen plasma (FFP). Fibrinogen administration based on the point-of-cared diganostic data allows for the first time a tailor-made, patient specific and higly effective therapy. Biotest's fibrinogen concentrate The recently developed manufacturing process is leading to a high-purity fibrinogen with a high level of viral safety and good solubility. This document contains forward-looking statements on overall economic development as well as on the business, earnings, financial and assets position of Biotest AG and its subsidiaries. These statements are based on current plans, estimates, forecasts and expectations of the company and are thus subject to risks and elements of uncertainty that could result in significant deviation of actual developments from expected developments. The forward-looking statements are only valid at the time of publication. Biotest does not intend to update the forward-looking statements and assumes no obligation to do so. About Biotest Biotest AG, Landsteinerstr. 5, 63303 Dreieich, www.biotest.de Securities' ID No., ISIN ordinary shares: 522720, DE0005227201 End of Corporate News 06.12.2012 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.medientreff.de and www.dgap.de |
Language: | English | |
Company: | Biotest AG | |
Landsteinerstraße 5 | ||
63303 Dreieich | ||
Germany | ||
Phone: | 0 61 03 - 8 01-0 | |
Fax: | 0 61 03 - 8 01-150 | |
E-mail: | investor_relations@biotest.de | |
Internet: | http://www.biotest.de | |
ISIN: | DE0005227235, DE0005227201 | |
WKN: | 522723, 522720 | |
Indices: | SDAX | |
Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart | |
End of News | DGAP News-Service |
196110 06.12.2012 |