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Pharma Tech Outlook | Monday, June 28, 2021
Evergreen Therapeutics announces that it has entered into a clinical service agreement with ICON plc (ICON) to conduct a global, multi-center Phase II clinical trial.
FREMONT, CA: Evergreen Therapeutics, Inc., a rapidly growing clinical-stage organization dedicated to the discovery of new drugs for unmet medical requirements, has announced that it has entered into a clinical service agreement with ICON plc (ICON) to conduct a global, multi-center Phase II clinical trial for Evergreen's COVID-19 drug therapy candidate EG-009A.
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Evergreen has chosen ICON plc as its Clinical Research Organization (CRO) to manage its Phase II clinical trial and oversee the study's medical testing duties. The first patient suffering from COVID-19 is anticipated to enroll in early August 2021, with the Phase II clinical study scheduled to be finished by the middle of 2022.
Dr. David Du, CEO of Evergreen Therapeutics, commented, "Evergreen Therapeutics is pleased to partner with ICON plc, the world's second largest clinical trial service organization, to serve as our CRO and arrange the Companys Phase II clinical study for our COVID-19 injection drug candidate EG-009A. ICON was the clear partner of choice for Evergreen, given their extensive experience in the research and development of new drugs for the prevention and treatment of COVID-19."
Dr. Du further commented, "We are excited that our pipeline EG-009A has achieved a clinical breakthrough while the COVID-19 pandemic is raging around the world. EG-009A is an innovative drug candidate to treat moderate to severe coronavirus caused pneumonia, and to inhibit the cytokine release syndrome (CRS). CRS is a critical and primary cause of death in a variety of viral infectious diseases, such as Ebola, SARS, viral influenza and other conditions. Since the beginning of 2020, we have conducted significant fundamental research and secured patent protection for the clinical development of EG-009A, and we are now entering the clinical stage for this drug candidate. We are very grateful for the guidance of the FDA, the partnership with ICON, and the strong support of investors. In March of 2021, we completed a $15 million USD equivalent Series A financing with several institutional investors. The proceeds from this offering will allow Evergreen to fund this Phase II clinical study."
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