Nyrada Says Clinical Trial to Proceed to Third Cohort after Safety Review Committee Nod, Shares Rise 5%

MT Newswires Live

05/02

Nyrada (ASX:NYR) said a phase one clinical trial safety review committee raised no issues after reviewing cumulative safety and pharmacokinetic data from the first and second cohorts in its clinical trial for the NYR-BI03 drug candidate, enabling the clinical trial to proceed to the third cohort, according to a Friday Australian bourse filing.

NYR-BI03 is a small-molecule drug candidate for neuroprotection and cardioprotection indications.

The trial is seeking to study the safety and tolerability of NYR-BI03 in healthy volunteers, as well as to determine the blood pharmacokinetics of an intravenous dose of NYR-BI03 when administered as a three-hour infusion.

Its shares rose 5% in recent trading on Friday.

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