Innovate Biopharmaceuticals Scheduled to Present at BIO 2018 Convention in Boston on Tuesday, June 5, 2018, at 4:45PM
May 22 2018 - 8:01AM
Innovate Biopharmaceuticals, Inc. (“Innovate”) (Nasdaq:INNT), a
clinical stage biotechnology company focused on developing novel
therapeutics for immuno-inflammatory disease, intends to present on
larazotide for celiac disease at BIO 2018 in Boston on Tuesday,
June 5th at 4:45pm ET in Theater 2.
About Innovate Biopharmaceuticals, Inc.
(Nasdaq:INNT): Innovate is a clinical stage biotechnology company
focused on developing novel therapeutics for immuno-inflammatory
diseases. Innovate’s lead drug candidate, larazotide acetate, has a
mechanism of action that renormalizes the dysfunctional intestinal
barrier by decreasing intestinal permeability and reducing antigen
trafficking, such as gliadin fragments in celiac disease, and
bacterial toxins and immunogenic antigens in NASH. In several
diseases, including celiac disease, NASH, Crohn’s disease,
ulcerative colitis, irritable bowel syndrome (IBS), type 1 diabetes
mellitus (T1DM), chronic kidney disease (CKD), the intestinal
barrier is dysfunctional with increased permeability.
In celiac disease, larazotide is the only drug which has
successfully met the primary endpoint with statistical significance
in a Phase 2b efficacy clinical trial (342 patients). Innovate
successfully completed the End of Phase 2 Meeting with the FDA in
2017 and is preparing to begin Phase 3 registration clinical trials
for celiac disease later in 2018. In clinical trials testing
of more than 800 patients, larazotide demonstrated a favorable
safety profile comparable to placebo for long-term chronic
administration. Larazotide has received Fast Track designation from
the FDA for celiac disease.
Forward Looking Statements This press release
includes forward-looking statements including, but not limited to,
statements related to our operations and business strategy. The
forward-looking statements contained in this press release are
based on management’s current expectations and are subject to
substantial risks, uncertainty and changes in circumstances. Actual
results may differ materially from those expressed by these
expectations due to risks and uncertainties, including, among
others, those related to our ability to obtain additional capital
on favorable terms to us, or at all, the success, timing and cost
of our drug development program and our ongoing or future clinical
trials, the lengthy and unpredictable nature of the drug approval
process, and our ability to commercialize our product candidates if
approved. These risks and uncertainties include, but may not be
limited to, those described in our Annual Report on Form 10-K filed
with the U.S. Securities and Exchange Commission (the “SEC”) on
March 14, 2018, our Quarterly Report on Form 10-Q filed with the
SEC on May 15, 2018, and in any subsequent filings with the
SEC. Forward-looking statements speak only as of the date of
this press release, and we undertake no obligation to review or
update any forward-looking statement except as may be required by
applicable law.
INVESTOR RELATIONSKendyle WoodardTel: +1 (919)
275-1933investor.relations@innovatebiopharma.comwww.innovatebiopharma.com
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