Intra-Cellular Therapies to Present Data on its Novel Compound ITI-333 at the Society of Biological Psychiatry 72nd Annual Me...
May 18 2017 - 8:00AM
Intra-Cellular Therapies, Inc. (NASDAQ:ITCI), a biopharmaceutical
company focused on the development of therapeutics for central
nervous system (CNS) disorders, today announced it will present
preclinical data on its novel development candidate, ITI-333, at
the Society of Biological Psychiatry (SOBP) 72nd Annual Meeting
being held in San Diego, CA, May 18-20, 2017.
An oral presentation entitled "Mechanism of Action of Novel
Modulators of Serotonin, Dopamine, and Mu Opiate Receptors for
Treatment of Mood Disorders” will be presented Saturday, May 20,
2017 at 4:45 – 5:00 pm PT during the Oral Session -
Basic/Translational Neuroscience of Mood Disorders.
The Company’s presentation at SOBP will focus on describing the
pharmacological profile of ITI-333, or ‘triple three’, which
exhibits a three-pronged mechanism of action with high affinity at
serotonin 5-HT2A, dopamine D1 and mu opiate receptors. This unique
pharmacological profile is predicted to translate into clinical
utility to address symptoms associated with mood disorders and
substance abuse, with particular potential importance for patients
with both substance use disorders and psychiatric comorbidities
including depression and anxiety.
About Intra-Cellular Therapies
Intra-Cellular Therapies is developing novel drugs for the
treatment of neuropsychiatric and neurodegenerative diseases and
diseases of the elderly, including Parkinson’s and Alzheimer’s
disease. The Company is developing its lead drug candidate,
lumateperone (also known as ITI-007), for the treatment of
schizophrenia, bipolar disorder, behavioral disturbances in
patients with dementia, including Alzheimer’s disease, depression
and other neuropsychiatric and neurological disorders.
Lumateperone, a first-in-class molecule, is in Phase 3 clinical
development for the treatment of schizophrenia, bipolar depression
and agitation associated with dementia, including Alzheimer’s
disease. The Company is also utilizing its phosphodiesterase
platform and other proprietary chemistry platforms to develop drugs
for the treatment of CNS and other disorders.
Forward-Looking Statements
This news release contains "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of 1995
that involve risks and uncertainties that could cause actual
results to be materially different from historical results or from
any future results expressed or implied by such forward-looking
statements. Such forward-looking statements include statements
regarding, among other things, our clinical and non-clinical
development plans; the progress, timing and results of our clinical
trials and preclinical studies; our beliefs about the extent to
which the results of our clinical trials and preclinical studies to
date support new drug application filings for lumateperone; the
safety and efficacy of our product development candidates; our
beliefs about the potential uses and benefits of our drug product
candidates; and development efforts and plans under the caption
“About Intra-Cellular Therapies.” All such forward-looking
statements are based on management's present expectations and are
subject to certain factors, risks and uncertainties that may cause
actual results, outcome of events, timing and performance to differ
materially from those expressed or implied by such statements.
These risks and uncertainties include but are not limited to the
following: our current and planned clinical trials, other studies
for lumateperone, and our other product candidates may not be
successful or may take longer and be more costly than anticipated;
product candidates that appeared promising in earlier research and
clinical trials may not demonstrate safety and/or efficacy in
larger-scale or later clinical trials; our proposals with respect
to the regulatory path for our product candidates may not be
acceptable to the FDA; our reliance on collaborative partners and
other third parties for development of our product candidates; and
the other risk factors detailed in our public filings with the
Securities and Exchange Commission. All statements contained
in this press release are made only as of the date of this press
release, and we do not intend to update this information unless
required by law.
Contact:
Intra-Cellular Therapies, Inc.
Juan Sanchez, M.D.
Vice President, Corporate Communications and Investor Relations
646-440-9333
Burns McClellan, Inc.
Lisa Burns
Justin Jackson (Media)
jjackson@burnsmc.com
212-213-0006
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