Press Release, June 8, 2009
Diamyd Medical reported today that the company has received approval from the US
Food and Drug Administration, FDA, to include children with type 1 diabetes from
10 years of age in the company's Phase III study with the diabetes vaccine
Diamyd®.
Diamyd Medical is conducting two parallel Phase III studies, one in Europe and
one in USA, comprising a total of 640 patients. The objective of the studies is
to evaluate the ability of the Diamyd® vaccine to halt or delay the autoimmune
attack on the body's insulin producing cells, thereby preserving the body's own
ability to produce insulin in children and adolescents with recent-onset type
1diabetes.
The European study, which is conducted in nine countries, is approved for
patients between 10 and 20 years of age, whilst the US study so far has been
approved only for patients 16 to 20 years, an age group with few recent-onset
type 1 diabetes patients. The company is, with the new approval, allowed to
begin enrollment of children from 10 years of age in the US Phase III study.
- This is a big step forward giving us the opportunity to accelerate patient
recruitment in the US, says Elisabeth Lindner, President and CEO of Diamyd
Medical. We are pleased that the approval comes now in connection with the
world's largest diabetes conference, the ADA's 69th Scientific Sessions, which
is currently ongoing in New Orleans.
The company will now, in pace with Institutional Review Board (IRB) approvals in
USA, increase the number of American pediatric clinics in the study. The
application for market approval is, as before, planned for spring 2011.
Diamyd Medical is represented at both #2431 at the ADA's 69th Scientific
Sessions in New Orleans, USA.
For additional information, please contact:
Elisabeth Lindner, President and CEO Diamyd Medical AB (publ.)
Tel: +46 (0)8 6610026
For pictures and press material, please contact:
Alexandra Fleetwood, Director Communications Diamyd Medical AB (publ.),
alexandra.fleetwood@diamyd.com
Tel: +46 (0)8 661 0026
About Diamyd Medical
Diamyd Medical is a Swedish biopharmaceutical company focusing on the
development of pharmaceuticals for the treatment of autoimmune diabetes and its
complications. The company's most advanced project is the GAD-based drug Diamyd®
for type 1 diabetes. Phase III trials for this drug are in progress in both
Europe and the US. In addition, the Company has started clinical studies in the
US in the area of chronic pain, using its Nerve Targeting Drug Delivery System
(NTDDS). The Company has also out-licensed the use of GAD for the treatment of
Parkinson's disease. The Company has currently three clinical-phase products.
Diamyd Medical has offices in Sweden and in the US. Shares are listed on the
Nasdaq OMX Nordic Exchange (ticker: DIAM B) and on OTCQX in the US (ticker:
DMYDY) administered by the Pink Sheets and the Bank of New York (PAL). Further
information is available on the company's website: www.diamyd.com.
This information is disclosed in accordance with the Swedish Securities Markets
Act, the Swedish Financial Instruments Trading Act, or the requirements stated
in the listing agreements.
Diamyd Medical AB (publ.)
Linnégatan 89 B, SE-115 23 Stockholm, Sweden
Phone: +46 (0)8 6610026, Fax: +46 (0)8 661 63 68
E-mail: info@diamyd.com. VAT no: SE556530-142001.
(www.omxnordicexchange.com ticker: DIAM B; www.otcqx.com ticker: DMYDY)
