Helixmith Co., Ltd. is set to use a new formulation of Engensis (VM202) for an upcoming Phase III trial for diabetic peripheral neuropathy (DPN), a move that may bring the company closer to commercialization of the plasmid DNA therapeutic, its lead pipeline asset. The Korean bioventure said the US Food and Drug Administration had no comments or objections to the planned use of the new formulation, developed in-house, in future clinical studies.
The company expects this will also help its efforts to out-license the asset and attract additional investment.
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