Maxim's disappointing trials leads to realignment

Published: 1-Mar-2005

Maxim Pharmaceuticals has implemented a plan realigning its resources and corporate objectives.


Maxim Pharmaceuticals has implemented a plan realigning its resources and corporate objectives.

The realignment is based on the need for an additional Phase III trial of Ceplene therapy for the treatment of acute myeloid leukaemia before Maxim can submit a New Drug Application to the FDA. It also follows disappointing results for Ceplene in the treatment of hepatitis C and various cancers.

Maxim has reduced its workforce by 12 to 39 employees. The changes should provide sufficient capital to fund currently planned activities for approximately 18 months from January 2005. Preliminary data from its Phase II trial with Ceplene in combination with PEG-Intron (peginterferon a-2b) and Rebetol (ribavirin, USP) for the treatment of hepatitis C patients showed the regimen did not improve virological response.

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