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GALIMEDIX, INC. EQS-News: Galimedix Therapeutics establishes Scientific Advisory Board of renowned retina experts as company prepares to enter Phase 2 clinical study with GAL-101

Transparency directive : regulatory news

10/06/2024 14:00

EQS-News: Galimedix, Inc. / Key word(s): Miscellaneous
Galimedix Therapeutics establishes Scientific Advisory Board of renowned retina experts as company prepares to enter Phase 2 clinical study with GAL-101

10.06.2024 / 14:00 CET/CEST
The issuer is solely responsible for the content of this announcement.


Galimedix Therapeutics establishes Scientific Advisory Board of renowned retina experts as company prepares to enter Phase 2 clinical study with GAL-101

  • Board consists of key opinion leaders from both clinical practice and academia with strong track records in the development of ophthalmic compounds
  • Galimedix is well positioned for the next phase of development of GAL-101 eye drops in dry AMD, addressing a major medical need in ophthalmology
  • Scientific Advisory Board meeting was held to discuss Phase 2 DREAM trial, which is expected to initiate in late 2024

Kensington, MD, USA, June 10, 2024 – Galimedix Therapeutics, Inc. (“Galimedix”), a Phase 2 clinical-stage biotechnology company developing novel oral and topical neuroprotective therapies with the potential to revolutionize the treatment of serious eye and brain diseases, has formed a Scientific Advisory Board (SAB). The SAB has been established to provide advice and direction to the Company for the development of its compound GAL-101 for the treatment of dry age-related macular degeneration (AMD), an indication with high unmet medical need.

The SAB consists of retina experts with deep knowledge and experience from both clinical practice and academia with strong track records in the development of ophthalmic drugs. The advisors will consult with the Company as it advances lead compound, GAL-101, as a potential eye drop treatment for dry AMD, one of the leading causes of blindness.

Scientific advisors include:

  • Konstantinos Balaskas, MD, UCL Institute of Ophthalmology, London, UK
  • Justis P. Ehlers, MD, Cole Eye Institute Cleveland Clinic, Cleveland, OH, USA
  • Jeffrey S. Heier, MD, Ophthalmic Consultants of Boston, Boston, MA, USA
  • Peter K. Kaiser, MD, Cole Eye Institute Cleveland Clinic, Cleveland, OH, USA
  • Eleonora Lad, MD, PhD, Duke University Medical Center, Durham, NC, USA
  • Ursula Schmidt-Erfurth, MD, Medical University of Vienna, Vienna, Austria
  • Omer Trivizki, MD, MBA, Tel-Aviv Medical Center, Tel-Aviv, Israel.

“We are excited to have such an esteemed group of international experts join our Scientific Advisory Board,“  said Hermann Russ, MD, PhD, Co-founder and Chief Scientific Officer of Galimedix.  “The results our lead compound GAL-101 has shown in preclinical studies and in clinical Phase 1 are encouraging and as we continue to move forward in advancing this drug candidate in the field of ophthalmology, the knowledge and expertise this group brings to Galimedix will be invaluable.”

A SAB meeting was held during the Annual Meeting of the Association for Research in Vision and Ophthalmology (ARVO) in Seattle, WA, USA on May 4th, 2024. The Company and the SAB agreed on the design, endpoints and selection criteria of the upcoming Phase 2 DREAM study, which is expected to begin in late 2024.

About Galimedix Therapeutics, Inc. 
Galimedix is a Phase 2 clinical-stage private company developing novel oral and topical neuroprotective therapies with the potential to revolutionize the treatment of serious eye and brain diseases. Founded by a seasoned and highly dedicated team of bio-entrepreneurs, pharmaceutical executives, and scientists, Galimedix’s groundbreaking small molecules offer the hope of changing the course of disease where amyloid beta (Aβ) plays a role, such as in dry age-related macular degeneration (AMD), glaucoma and Alzheimer’s disease - Galimedix’s areas of focus.

About GAL-101
The Company’s approach targets toxic Aβ oligomers and protofibrils.  Many studies have indicated that these oligomers and protofibrils are a major underlying cause of neurodegenerative diseases of the eye. Recent approvals and promising Phase 3 results of anti-Aβ drugs also have validated them as a key target in Alzheimer’s disease. Compelling pre-clinical data support the potential of Galimedix’s drug candidates to slow or stop neurodegeneration and restore lost neuronal function. A Phase 2 proof-of-concept study in dry AMD with lead program, topical GAL-101, is in preparation with strong support from partner, Théa Open Innovation (TOI). Clinical studies in other indications are planned. 

 

Contact 

Alexander Gebauer, MD, PhD 
Galimedix Therapeutics, Inc. 
Co-founder and Executive Chairman  
info@galimedix.com  

Media inquiries: 

Anne Hennecke / Vera Lang    U.S.  
MC Services AG    Laurie Doyle  
Tel: +49 (0)170 7134018   Tel: +1-339-832-0752 
galimedix@mc-services.eu    


10.06.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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1921695  10.06.2024 CET/CEST

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