Luxembourg, Luxembourg (PRWEB) January 27, 2016
Mitotech S.A., a Luxembourg based clinical stage biotechnology company, announced a successful completion of its pre-clinical program and a start of clinical development for its systemic drug PlastomitinTM based on Mitotech’s lead compound SkQ1. SkQ1 is a small molecule engineered specifically for reducing oxidative stress inside mitochondria. Previously, SkQ1 demonstrated efficacy and safety in a double-masked placebo-controlled Phase 2 study of an eye drop formulation – VisomitinTM – in the U.S.
"This is a very exciting new step for our company, said Natalia Perekhvatova, Chief Executive Officer of Mitotech S.A. “Our strategy assumes parallel development of a variety of formulations for our lead compound SkQ1 targeting a spectrum of age-related disorders. VisomitinTM – an eye drop formulation of SkQ1 – had been the most advanced drug in our pipeline and already reached Phase III stage for dry eye indication in the U.S. Ophthalmic field, where we have been pursuing uveitis in addition to dry eye syndrome, remains the forefront area of development for Mitotech. At the same time, this new milestone brings us to clinical level of development for a variety of indications outside ophthalmic field. Mitotech is now in a great position to tackle critical disorders associated with aging such as neurodegenerative and metabolic diseases. Here at Mitotech we feel that we are approaching a major clinical breakthrough that could help many patients around the world.”
"SkQ1 has demonstrated efficacy when administered systemically in a whole spectrum of preclinical studies. The very unique mechanism of action of the molecule has proved its benefit in models of rare genetic diseases as well as in models of more common age-related disorders, said Dr. Anton Petrov, Chief Operating Officer of Mitotech S.A. “We see enormous potential in this novel mode of action and our clinical team worked very diligently on getting PlastomitinTM to its first clinical trial. Mitotech’s goal is to progress with this new clinical program as efficiently as we did with the ophthalmic program and to deliver PlastomitinTM to patients within the next few years.”
About Mitotech S.A
Mitotech S.A. is a Luxembourg-based biotechnology company developing novel drugs for treatment of age-related disorders. The core technology behind Mitotech products is based on a novel class of small molecules – mitochondria addressed antioxidants. Company’s lead compound SkQ1 is being developed in several drug formulations covering a variety of therapeutic areas with major focus on ophthalmology and neurodegenerative diseases.