|Clinical and Regulatory|
|Event Type:||Phase 2b Results|
This event is set for a broad date range and therefore the exact timing is unknown. This adds a degree of risk.
|Disease and Treatment|
Likelihood of event success varies depending on disease, treatment and lead indication classification.
|Co. Name:||Galmed Pharmaceuticals|
The OTC BB and OTC Markets have less stringent reporting and financial requirements than the NASDAQ and NYSE. This may increase the level of risk for investors. Smaller size may have an influence on likelihood of success.
Partnerships help smaller biotech companies finance the long approval process. Partnership also provides validation the clinical program may be a worthy investment.
Detailed Event Description from Company Announcement
Importantly, worldwide, we have now screened over 400 subjects for the ARREST Study. As of March 20th, 2016, we had randomized 75 patients and have another 15 subjects that are eligible to be randomized. In addition, 68 subjects are currently within the screening process, which normally takes between 6-8 weeks. We expect the 120th patient to be randomized by the end of the second quarter, 2016, and the 240th patient by the end of 2016. Based on the current rate of screening and enrollment, we now expect results from the Interim Analysis to be available by December 2016, or early first-quarter 2017, and top-line data for the complete study by the first quarter, 2018, inclusive of the three-month follow-up period. Now that we have six months of active global screening in the ARREST Study behind us, we feel very comfortable with our estimates