Prometic Finishes FDA Filing

Prometic Life Sciences (TSX:PLI,OTCQX:PFSCF) completed an FDA filing for their plasminogen biologics license application to treat patients with plasminogen congenital deficiency.
As quoted in the press release:

Prometic’s plasminogen replacement therapy has been granted Orphan Drug and Fast Track Designations by the FDA. Prometic has also applied for a pediatric designation as its research demonstrates that the most serious and life-threatening manifestations of the congenital plasminogen deficiency occur most commonly in pediatric patients.  Moreover, data gathered over a very large sample size in the USA (more than 900 million medical claims), enabled the Corporation to provide evidence to the FDA that an estimated 2,100 patients have sought medical care and treatment for plasminogen deficiency in the USA over a nine month period (between Q4 2015 and Q3 2016) with such requirements occurring disproportionately more often in patients aged 18 years old and younger.
“The completion of the plasminogen BLA filing is a significant milestone achievement for Prometic and, eventually, for all the patients who suffer from the complications associated with this deficiency”, stated Mr. Pierre Laurin, President and Chief Executive Officer of ProMetic. “We look forward to launching plasminogen in the USA in Q4 2017 and providing a cost-effective therapy for this serious unmet medical need”.
The BLA modules filed include non-clinical information, clinical data from the completed phase 2/3 clinical trial in which Prometic’s plasminogen achieved a 100% success rate on both primary and secondary endpoints, a draft label of the product to be licensed, and a description of the chemistry, manufacturing, and controls as it pertains to the manufacturing facilities and the manufacturing process for the production of human plasminogen.
About Plasminogen
Plasminogen is a naturally occurring protein that is synthesized by the liver and circulates in the blood. Activated plasminogen, plasmin, is a fundamental component of the fibrinolytic system and is the main enzyme involved in the lysis of blood clots and clearance of extravasated fibrin. Plasminogen is, therefore, vital in wound healing, cell migration, tissue remodeling, angiogenesis, and embryogenesis.

Click here to read the full press release.