Algernon Pharmaceuticals announces the recruitment of 70% of its



VANCOUVER, British Columbia, July 07, 2021 (GLOBE NEWSWIRE) – Algernon Pharmaceuticals Inc. (CSE: AGN) (FRANKFURT: AGW) (OTCB: AGNPF) (the “Company” or “Algernon“), a clinical-stage pharmaceutical development company, announces that it has reached 70% of its recruitment target for its phase 2 clinical study of its reconverted drug NP-120 (Ifenprodil) for idiopathic pulmonary fibrosis (IPF) and chronic cough.

The objective of this phase 2 proof of concept trial in 20 human patients is to determine the efficacy of Ifenprodil in preserving lung function (including biomarkers of fibrosis), as well as the reduction in the frequency of associated chronic cough in patients with IPF. As each patient enters the study, they begin treatment immediately, for a period of 12 weeks. A total of six sites are participating in the study, four of which are located in Australia and two in New Zealand.

Ifenprodil has been shown to mediate anti-inflammatory responses and reduce pulmonary fibrosis in a mouse model of idiopathic pulmonary fibrosis (IPF), and significantly reduce the frequency of cough and the delayed onset of cough in a model. acute guinea pig cough.

“We are very pleased with the recruitment rate and grateful to the patients who participate in our Phase 2 clinical study in IPF and Chronic Cough,” said Christopher J. Moreau, CEO of Algernon Pharmaceuticals. “This important research program is one of many undertaken by Algernon as part of its unique approach to drug reorientation. With approximately C $ 3.2 million on hand and a refundable tax credit receivable of C $ 2 million expected from the Australian government’s research and development tax incentive program in September 2021, Algernon is well positioned. to continue to implement its corporate strategy.

About Algernon Pharmaceuticals Inc.

Algernon is a drug conversion company that studies safe and already approved drugs, including natural compounds, for new disease applications, transferring them effectively and safely into new human trials, developing new formulations and seeking new solutions. new regulatory approvals in global markets. Algernon specifically studies compounds that have never been approved in the United States or Europe to avoid off-label prescription writing.


Christophe J. Moreau
Algernon Pharmaceutical Inc.
604.398.4175 ext 701

The CSE accepts no responsibility for the adequacy or accuracy of this release.

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