Echo Pharmaceuticals ("Echo") announces that Namisol(R) has completed successfully a Phase II trial with 24 patients suffering from spasticity and pain due to multiple sclerosis (MS). The trial has been conducted by the Centre for Human Drug Research (CHDR) in the VU University Medical Center Amsterdam and it was led by Dr. G.J. Groeneveld, Research Director Neurology & Pain, CHDR. The clinical trial was a double blind, placebo-controlled study of Namisol(R) to determine safety, tolerability and efficacy in MS patients. The outcome of this trial showed efficacy and consistent results on both spasticity and pain.
Simultaneously, The Sage Group has been appointed by Echo Pharmaceuticals to assist the company in its search for a strategic partner for commercialisation of its lead Namisol(R) program.
Dr. Vanesa Fernandez, CEO of Echo Pharmaceuticals, said "We are very pleased that The Sage Group has been selected by our Company to assist in the commercialisation phase of Namisol(R). The successful Phase 2 trial in MS patients is a major milestone for Echo and we believe there will be strong global interest in working with us to take the product to market. The Sage Group are very experienced in developing such partnerships and will add a valuable business development activity to our drug development capability."
Dr. Bill Mason and Wayne Pambianchi of The Sage Group based in Europe and the USA said "We are delighted to be selected as managers for this exciting program and we look forward to working with Echo and key interested parties in the pharma industry to develop strong partnerships for global commercialisation of Namisol(R)."
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