Propanc CEO James Nathanielsz's FDA Policy Proposals Published In Pharma Trade Media
Published: Apr 20, 2017
MELBOURNE, AUSTRALIA -- (Marketwired) -- 04/20/17 -- Propanc Biopharma Inc. (OTCQB: PPCH) (OTCQB: PPCHD) ("Propanc" or "the Company"), an emerging healthcare company focusing on development of new and proprietary treatments for cancer patients suffering from solid tumors such as pancreatic, ovarian and colorectal cancers, announced that its CEO James Nathanielsz has written articles for both a pharmaceutical trade publication and a biotechnology-oriented blog in early April.
The first article was published by Pharmaceutical Executive on April 7 and can be accessed by clicking here. The second article was published by Genetic Engineering & Biotechnology News on April 11 and can be accessed by clicking here.
In the articles, Mr. Nathanielsz opines on three ways President Trump's new FDA Commissioner can help efforts to cure cancer: (1) refocus the FDA; (2) rewrite the rules for compassionate use and (3) reassess the true costs of cancer drugs.
In regards to compassionate use, Mr. Nathanielsz suggests a "use it at your own risk" policy, allowing for some responsibility from the manufacturer to do its utmost to provide a drug product that is categorized appropriately, and to clearly communicate the development stage it is in.
With a "rigorous, yet flexible framework in place," Mr. Nathanielsz added, "practical measures can be taken to fast track new products which could see cancer become more of a chronic illness than a life-ending one."
Also, the Company's 1-for-250 reverse stock split has been effectuated and the name of the Company has changed to Propanc Biopharma Inc., which symbolizes a new and exciting growth phase for the Company, as it heads towards First-In-Man studies for its lead product, PRP.
The number of authorized shares of common stock has been reduced from 2 billion to 100 million and the number of authorized shares of preferred stock of the Company reduced from 10 million to just over 1.5 million. The total of outstanding shares on the date of the reverse split is now 7,970,917. Investors should note that for 20 trading days after the reverse stock split, the ticker symbol of the Company's common stock will change to PPCHD.
Propanc is developing new cancer treatments for patients suffering from pancreatic, ovarian and colorectal cancers. We have developed a formulation of anti-cancer compounds, which exert a number of effects designed to control or prevent tumors from recurring and spreading throughout the body. Our products involve or employ pancreatic proenzymes, which are inactive precursors of enzymes. In the near term, we intend to target patients with limited remaining therapeutic options for the treatment of solid tumors. In future, we intend to develop our lead product to treat (i) early stage cancer and (ii) pre-cancerous diseases and (iii) as a preventative measure for patients at risk of developing cancer based on genetic screening. For more information, visit: www.propanc.com.
Propanc's lead product, PRP, is a novel, patented, formulation consisting of two pancreatic proenzymes, trypsinogen and chymotrypsinogen. Currently in formal preclinical development and progressing towards First-In-Man studies, PRP aims to prevent tumor recurrence and metastasis in solid tumors. Eighty percent of all cancers are solid tumors and metastasis is the main cause of patient death from cancer. The Company's initial target patient populations include pancreatic, ovarian and colorectal cancers.
To view Propanc's "Mechanism of Action" video on anti-cancer product candidate, PRP, please click on the following link: http://www.propanc.com/news-media/video
To be added to Propanc's email distribution list, please email PPCH@kcsa.com with "Propanc" in the subject line.
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