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Sareum experiences further drug development delay to due pandemic | 25 May 2021

25 May 2021 | 09:39am
StockMarketWire.com - Specialist drug developer Sareum said the pandemic had caused further delays to the development of a treatment for autoimmune diseases.
The company had last month announcing that the pandemic continued to impact contract research organisations it was working with to complete preclinical development of SDC-1801 for autoimmune disease.
'While initially the impact on development timelines was minimal, it has increased and is causing further delays to the conduct of the final preclinical studies the company needs to complete on SDC-1801 prior to filing an exploratory clinical trial application,' Sareum said.
'As a result of these delays, the company now expects these final toxicity and safety studies to complete in the third quarter of 2021 and a CTA for SDC-1801 to be filed in the fourth, subject to no further delays.'

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Detailed text transcripts for TV channel - FOXNEWS - 20110413:11:33:00

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