Pathogenic oxidative chemistries are collectively a group of oxygen-based chemical reactions that occur in the body during stress, injury, or disease, to form compounds that can induce pathological changes in tissues that effect normal physiological function. These include (i) advanced glycation end-products (AGE’s), which are oxidative end products of glucose-modified biomolecules which adversely affect their function; (ii) reactive oxygen species (ROS), which are chemically reactive molecules containing oxygen such as oxygen ions and peroxides that when elevated in the body can induce pathology; and (iii) toxic carbonyls which are reactive compounds that can modify biomolecules and affect their function. These chemistries are generally agreed to be involved in the etiology of diabetic nephropathy, a common complication of diabetes.
Nephrogenex is developing Pyridorin™ (“Pyridorin”), a small molecule drug that is a unique and broadly acting inhibitor of the pathogenic oxidative chemistries which are elevated in diabetic patients.
The company licensed patents covering methods of use and synthesis of Pyridorin from BioStratum, Inc. in May of 2006. It subsequently acquired Pyridorin-related patents from BioStratum through a Series A financing completed in May of 2007. At the time of acquisition, BioStratum, through its contracted investigators, contract research organizations, and collaborators had completed 5 preclinical efficacy studies, 36 preclinical safety studies, 4 Phase 1 studies and 5 Phase 2 studies with Pyridorin. After the acquisition, the company conducted a multi-center, randomized, placebo-controlled Phase 2b study, namely PYR-210. In addition, it worked with the FDA to establish a new regulatory pathway for Pyridorin approval.
Nephrogenex was incorporated in the State of Delaware on May 25, 2004. Its website address is www.nephrogenex.com.
Market | NASDAQ |
Price | 12.00 |
Shares | 3,100,000 |
Offer Amount | $49,910,000 |
Expected IPO Date | February 7, 2014 |
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