Friday, March 18, 2011

FDA puts RegeneRx clinical trial on hold

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The Food and Drug Administration has slammed the breaks on clinical trials for RegeneRx Biopharmaceuticals Inc.’s injectable heart attack drug.

Regulators put mid-stage trials on an indefinite hold due to non-compliance by one of its contractors with Good Manufacturing Practice standards, a set of quality and safety regulations governing pharmaceutical manufacture.

The Rockville biotech firm planned to begin enrolling patients for the Phase 2 trial of the compound, RGN-352, within weeks. Phase 1 trials of the drug had yielded positive results.

The FDA’s hold is related to problems at a contract site and does not pertain to the overall safety of its drug candidate, the company said in a news release. As a “virtual company,” RegeneRx relies heavily on outsourcing to bring its products through the clinic.

The setback represents the latest difficulty for the biotech, which was delisted from the New York Stock Exchange in December.

The company last year won a $3 million National Institutes of Health grant to fund research for the heart attack drug.

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