IRLAB nominates new candidate drug, IRL757, to treat apathy in neurological disorders
IRLAB (Nasdaq Stockholm: IRLAB A) takes important steps expanding the development pipeline and nominates a new drug candidate, IRL757, from the P001 discovery program. IRL757 will be developed for the treatment of apathy in people with neurological conditions. Apathy affects between 20 and 80 per cent of people with neurological conditions and currently there is no approved treatment. Only in the US, apathy is estimated to affect more than 10 million people and their families.
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IRLAB (Nasdaq Stockholm: IRLAB A) takes important steps expanding the development pipeline and nominates a new drug candidate, IRL757, from the P001 discovery program. IRL757 will be developed for the treatment of apathy in people with neurological conditions. Apathy affects between 20 and 80 per cent of people with neurological conditions and currently there is no approved treatment. Only in the US, apathy is estimated to affect more than 10 million people and their families.
“IRL757 has potential to be the first treatment in a new class of drugs designed to treat apathy in people living with neurological disorders,” said Nicholas Waters, CEO at IRLAB. “We deliver on our promise to use the financial and operational momentum, since the out licensing of mesdopetam, to broaden the scope and strengthen IRLABs pipeline, with a novel innovative development program. Our research organization has once again demonstrated the efficiency of the ISP platform.”
“There are no approved treatments for apathy even though it is one of the most common and troublesome symptoms in most neurodegenerative disorders, both for the patient and their caregivers. We believe IRL757 could have a profound impact on the treatment of people living with apathy and neurological conditions,” added Joakim Tedroff, CMO at IRLAB
IRL757, discovered with IRLAB’s discovery platform, ISP, is designed to improve the function of brain areas and neuronal pathways which in many neurological disorders are known to be dysfunctional, leading to apathy and impaired quality of life. IRLAB has initiated studies in preparations of Phase I, including large scale synthesis of the active ingredient which are followed by safety, tolerability and regulatory toxicity studies. Phase I clinical studies are planned to begin early Q3, 2023.
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