Summary by Futu AI
Biodexa Pharmaceuticals PLC, a clinical stage biopharmaceutical company, announced positive top-line results from its Phase I clinical trial for MTX110 in treating diffuse midline glioma (DMG). The trial, conducted by Columbia University Irving Medical Center, showed a median overall survival of 16.5 months compared to 10.0 months in a comparable cohort. Despite not being powered for efficacy, the results were favorable and will be presented at the International Symposium on Pediatric Neuro-Oncology in July 2024. The study also reported a severe adverse event in one patient, deemed unrelated to the study drug. Additionally, Biodexa provided an update on tolimidone, a potential treatment for Type 1 diabetes. An in vitro experiment conducted by a CRO did not yield conclusive results, but the company plans to proceed with an in vivo preclinical study and a Phase IIa study later in the year. Biodexa's R&D update was included in their Form 6-K filing with the SEC for February 2024, and the press release was dated February 23, 2024.