Atossa Therapeutics Receives FDA Feedback on Two Ongoing Programs

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Atossa Therapeutics Receives FDA Feedback on Two Ongoing Programs

SEATTLE, May 07, 2020 (GLOBE NEWSWIRE) — Atossa Therapeutics, Inc. (NASDAQ:ATOS), a clinical-stage biopharmaceutical company seeking to discover and develop innovative medicines in areas of significant unmet medical need with a current focus on breast cancer and COVID-19, today announced it has received feedback from the U.S. Food and Drug Administration (FDA) regarding two ongoing programs.

The FDA recently provided written input on Atossa’s clinical path for oral Endoxifen to reduce mammographic breast density, or MBD. The input was provided pursuant to a pre-IND meeting request which was scheduled for April 30, 2020. The input received from the FDA was very useful and will inform Atossa’s clinical trial strategy and study design both in the U.S. and in Stockholm, Sweden where Atossa is planning a Phase 2 study to reduce MBD. The upcoming study in Stockholm is subject to approval by the European Medical Product Authority (MPA) and the re-opening of mammography clinics in Stockholm following the COVID-19 closures.

“We are very grateful to the Agency for its feedback on the development of our oral Endoxifen program, which will be extremely useful in our continued planning for our upcoming Phase 2 MBD study,” said Steven Quay, M.D., Ph.D., President and CEO of Atossa. “The input from the FDA is essential and guides our continued development of medicines to save lives and meet unmet medical needs. For example, based in part on the FDA’s input, our proposed Phase 2 study will be designed to examine if oral Endoxifen can be used as an adjunct to mammography.”

In addition, Atossa recently applied to the FDA for approval to commence the COVID-19 HOPE Study of Atossa’s proprietary drug AT-H201 which Atossa plans to study to improve pulmonary function in COVID-19 patients on ventilators, reduce time on ventilators and increase survival. The FDA has requested, among other things, that Atossa submit additional pre-clinical and other information on AT-H201 before approving the study. Atossa is in the process of gathering the data and information requested and plans to provide it to the FDA as soon as possible. There can be no assurance that Atossa will be able to provide the information requested by the FDA nor that the FDA will approve the COVID-19 HOPE Study.

About Atossa Therapeutics

Atossa Therapeutics, Inc., is a clinical-stage biopharmaceutical company seeking to discover and develop innovative medicines in areas of significant unmet medical need with a current focus on breast cancer and COVID-19. For more information, please visit www.atossatherapeutics.com.

Forward-Looking Statements

Forward-looking statements in this press release, which Atossa undertakes no obligation to update, are subject to risks and uncertainties that may cause actual results to differ materially from the anticipated or estimated future results, including the risks and uncertainties associated with any variation between interim and final clinical results, actions and inactions by the FDA, the outcome or timing of regulatory approvals needed by Atossa including those needed to commence studies such as the COVID-19 HOPE Study, lower than anticipated rate of patient enrollment, estimated market size of drugs under development, the safety and efficacy of Atossa’s products, performance of clinical research organizations and investigators, obstacles resulting from proprietary rights held by others such as patent rights, and other risks detailed from time to time in Atossa’s filings with the Securities and Exchange Commission, including without limitation its periodic reports on Form 10-K and 10-Q, each as amended and supplemented from time to time.

Atossa Therapeutics Company Contact:

Atossa Therapeutics, Inc.
Kyle Guse
CFO and General Counsel
(O) 800-351-3902
kyle.guse@atossainc.com

Investor Relations Contact:
CoreIR
Office: 516.222.2560
IR@atossainc.com

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May 07, 2020

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