Paratek Pharma Reports Full Year And Fourth Quarter 2016 Financial Results And Provides Clinical Update
BOSTON, March 02, 2017 (GLOBE NEWSWIRE) -- Paratek Pharmaceuticals, Inc. (Nasdaq:PRTK), a biopharmaceutical company focused on the development and commercialization of innovative therapies based upon tetracycline chemistry, today reported financial results for the full year and quarter ended December 31, 2016.
"We made excellent progress with the clinical development program of omadacycline in the fourth quarter and continued our work to prepare for a potential NDA submission in the first half of 2018,” said Michael Bigham, Chairman and Chief Executive Officer, Paratek. “With the enrollment of the pneumonia study now complete, we expect to release top-line data early in the second quarter. Our Phase 3 study of an oral-only dosing regimen in skin infections is progressing well. We continue to expect top-line data as early as the second quarter of this year from this study.”
"We made excellent progress with the clinical development program of omadacycline in the fourth quarter and continued our work to prepare for a potential NDA submission in the first half of 2018,” said Michael Bigham, Chairman and Chief Executive Officer, Paratek. “With the enrollment of the pneumonia study now complete, we expect to release top-line data early in the second quarter. Our Phase 3 study of an oral-only dosing regimen in skin infections is progressing well. We continue to expect top-line data as early as the second quarter of this year from this study.”