Ovid Therapeutics (OVID) announced results from its Phase 1 study of OV350, the first-ever Potassium-Chloride Cotransporter 2, KCC2, direct activator known to be dosed in humans. The study met its primary objectives to evaluate safety, tolerability and pharmacokinetics. Results from this intravenous program support the advancement of the Company’s portfolio of oral KCC2 direct activators into the clinic. Key findings include: At 50 mg and 100 mg doses of OV350, exposure levels achieved expected pharmacologically active concentrations reinforcing the potential for further clinical development of KCC2 direct activators, including OV4071, which performs with twenty-fold greater potency than OV350 in pharmacodynamic models. The most frequent treatment-emergent adverse event associated with OV350 was headache. Nausea and vomiting occurred in a subset of participants who experienced headache. These AEs coincided with the timing of food intake and are believed to be caused by secondary off-target pharmacology unique to OV350. There were no treatment-emergent SAEs associated with OV350 and stopping criteria were not met in the study. The pharmacokinetics were as predicted for all doses. qEEG findings supportive of central activity and spectral power relevant for the expected pharmacologic impact of KCC2 modulation were observed. These effects were contemporaneous with the expected exposure of OV350 in the brain.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on OVID:
- Ovid Therapeutics files to sell 125.06M shares of common stock for holders
- Ovid Therapeutics Stockholders Approve Key Proposals
- Ovid Therapeutics initiated with a Buy at Roth Capital
- Ovid Therapeutics appoints Kaufmann as Chief Medical Officer
- Ovid Therapeutics price target raised to $2 from $1.50 at H.C. Wainwright
