Athenex Receives Promising Innovative Medicine Designation from the United Kingdom MHRA for Oraxol, An Innovative Oral Form of Paclitaxel
Athenex, Inc. (ATNX)
Last athenex, inc. earnings: 2/27 07:00 am
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Source: GlobeNewswire
BUFFALO, N.Y., Dec. 27, 2017 (GLOBE NEWSWIRE) -- Athenex, Inc. (Nasdaq:ATNX), a global biopharmaceutical company dedicated to the discovery, development and commercialization of novel therapies for the treatment of cancer and related conditions, today announced that the UK Medicines and Healthcare Products Regulatory Agency (MHRA) granted a Promising Innovative Medicine (PIM) designation for Oraxol in the treatment of paclitaxel-responsive cancers. Oraxol is an innovative development in the treatment of cancer, in that it is an oral formulation of paclitaxel, a very effective and commonly used chemotherapy treatment for many cancers. The existing marketed form of paclitaxel can only be administered intravenously. It cannot be absorbed orally because it is is excreted by gastrointestinal cells via the P-glycoprotein (P-gp) pump before it can be absorbed. Athenex had enabled oral administration of paclitaxel by combining HM30181A with oral paclitaxel (called Oraxol), which was initi
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