NYC Healthcare News



Adeona completes $1 million equity financing and provides update on Zinthionein ZC clinical study

October 09, 2015

The completion of 75% enrollment follows Adeona's announcement of completion of 50% enrollment less than one month ago as well as Adeona's April 14th announcement of positive results from Part 1 of the CopperProof-2 study. Part 1 demonstrated a substantially lower incidence of adverse effects in Alzheimer's disease and mild cognitive impairment subjects (33% versus 100%) in favor of Zinthionein ZC (containing 150 mg of elemental zinc acetate and 100 mg of cysteine) compared to Galzin? (containing either 50 mg or 100 mg of elemental zinc as zinc acetate). Zinthionein ZC also demonstrated superior serum zinc bioavailability in Alzheimer's disease and mild cognitive impairment subjects compared to both the 50 mg and 100 mg dose levels of Galzin?.

"We are very pleased to have Seaside 88 as a new investor in Adeona.  We also consider the rapid enrollment in our CopperProof-2 clinical trial as an excellent indication of the high clinical need for a potential disease modifying therapy in Alzheimer's disease and mild cognitive impairment, especially one that is convenient, tolerable and also having a substantial history of safety.  Should our CopperProof-2 study prove successful, we believe that Zinthionein ZC is now well positioned to represent the first commercially available disease-modifying therapy for Alzheimer's disease and mild cognitive impairment, a multibillion dollar market opportunity," stated James S. Kuo, MD, MBA, Adeona's Chief Executive Officer.

SOURCE Adeona Pharmaceuticals, Inc.