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Biodexa Pharmaceuticals (NASDAQ:BDRX) is set to start phase 3 clinical trials for eRapa to combat Familial Adenomatous Polyposis (FAP), a precancerous condition leading to colorectal cancer. The acquisition of eRapa, supported by a $17 million grant, marks Biodexa's second portfolio expansion in six months, strengthening its position in the biopharmaceutical industry. The potentially life-changing eRapa could be the first drug to treat FAP, offering hope to patients facing invasive surgeries and lifelong complications.
Biodexa Pharmaceuticals PLC, through its licensor Emtora Biosciences, will present the Phase 2 clinical trial results of eRapa in Familial Adenomatous Polyposis at the 2024 Digestive Disease Week Annual Meeting. The presentation is set for May 18-21, 2024, in Washington DC. Biodexa recently acquired exclusive rights to eRapa, showcasing its commitment to developing innovative treatments for unmet medical needs.
Biodexa Pharmaceuticals PLC announced entering into an exclusive license agreement with Rapamycin Holdings Inc. for the rights to eRapa, a Phase 3 ready asset for the treatment of Familial Adenomatous Polyposis (FAP). The deal includes $17 million in non-dilutive grant funding for a pivotal Phase 3 trial in FAP. FAP affects an estimated 100,000 individuals in the U.S. and Europe, leading to precancerous polyps and often requiring surgical intervention. eRapa shows promise in delaying or preventing the need for surgery. The Phase 3 FAP program is backed by a $17 million grant from CPRIT. Biodexa is focused on developing innovative treatments for diseases with unmet medical needs, with ongoing studies in bladder cancer and other potential indications.