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Phosphagenics soars on Phase I oxymorphone patch results

 
• By Ian Haydock

It may have been only a small Phase I trial, but investors in Phosphagenics were sufficiently convinced by positive results with a new transdermal formulation of oxymorphone to send shares in the Australian drug delivery venture surging by nearly 50% on 24 October.

It may have been only a small Phase I trial, but investors in Phosphagenics were sufficiently convinced by positive results with a new transdermal formulation of oxymorphone to send shares in the Australian drug delivery venture surging by nearly 50% on 24 October.

The Melbourne-based firm said the multi-dose study confirmed that "well above the threshold therapeutic concentrations" produced by an oral long-acting...

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