Hoth Therapeutics (NASDAQ:HOTH)
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2 Months : From Feb 2020 to Apr 2020
NEW YORK, Feb. 12, 2020 /PRNewswire/ -- Hoth Therapeutics, Inc. (NASDAQ: HOTH), a biopharmaceutical company focused on unique targeted therapeutics for patients suffering from dermatological indications ranging from atopic dermatitis, psoriasis and acne along with gene therapy treatment for asthmatics, today announced preliminary, preclinical data for its lupus treatment for patients suffering with Cutaneous Lupus Erythematous (CLE), a chronic autoimmune skin disease.
"The preliminary data of our study is a positive step toward underlining the transformative potential of AEA-loaded Z-pods™ in patients suffering from CLE," stated Mr. Robb Knie, CEO of Hoth Therapeutics, Inc. "We are pleased with the results we have made in the development of our lupus treatment since announcing our strategy earlier this year with our partner Zylö Therapeutics. At the conclusion of this study we look forward to the next steps in bringing this treatment to those patients in need."
Mr. Scott Pancoast, CEO of Zylö, added, "These compelling results, coupled with the data from a preliminary study conducted at Einstein College of Medicine, clearly warrant further investigation of this novel approach to treating cutaneous manifestations of lupus."
Hoth owns an exclusive license to develop Anandamide-loaded Z-pods™ for the treatment of CLE in North America. Anandamide, generally referred to as AEA, is one of the cannabinoids that the human body makes naturally. The Company also possesses rights related to geographic expansion and to follow-on indications such as psoriasis and rheumatoid arthritis.
About Hoth Therapeutics, Inc.
Hoth Therapeutics, Inc. is a clinical-stage biopharmaceutical company focused on developing new generation therapies for dermatological disorders. HOTH's pipeline has the potential to improve the quality of life for patients suffering from indications including atopic dermatitis, chronic wounds, psoriasis, asthma and acne. To learn more, please visit www.hoththerapeutics.com.
Forward Looking Statements
This press release includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements in this press release include, but are not limited to, statements that relate to the advancement and development of the BioLexa Platform, the commencement of clinical trials, the availability of data from clinical trials and other information that is not historical information. When used herein, words such as "anticipate", "being", "will", "plan", "may", "continue", and similar expressions are intended to identify forward-looking statements. In addition, any statements or information that refer to expectations, beliefs, plans, projections, objectives, performance or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking. All forward-looking statements are based upon Hoth's current expectations and various assumptions. Hoth believes there is a reasonable basis for its expectations and beliefs, but they are inherently uncertain. Hoth may not realize its expectations, and its beliefs may not prove correct. Actual results could differ materially from those described or implied by such forward-looking statements as a result of various important factors, including, without limitation, market conditions and the factors described under the caption "Risk Factors" in Hoth's Form 10K for the period ending December 31, 2018, and Hoth's other filings made with the Securities and Exchange Commission. Consequently, forward-looking statements should be regarded solely as Hoth's current plans, estimates and beliefs. Investors should not place undue reliance on forward-looking statements. Hoth cannot guarantee future results, events, levels of activity, performance or achievements. Hoth does not undertake and specifically declines any obligation to update, republish, or revise any forward-looking statements to reflect new information, future events or circumstances or to reflect the occurrences of unanticipated events, except as may be required by law.
Investor Relations Contact:
Phone: (646) 756-2997
KCSA Strategic Communications
Valter Pinto, Managing Director
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SOURCE Hoth Therapeutics, Inc.