Shares of Semnur Pharmaceuticals (NASDAQ: SRNE) are up 12.1% after the company posted positive data from is phase 1/2 pharmacokinetic bridging trial of its lead product, SP-102, for the treatment of lumbar radicular pain. The trial achieved its primary pharmacokinetic endpoint and demonstrated that a single epidural injection of SP-102 can provide a sustained analgesic effect for one month. Semnur said it will now move forward with the next stage of clinical trials. “We are very excited with the data from this first-in-human proof-of-principle study, which allows us to proceed with the planned Phase 3 safety and efficacy trials in the U.S. SP-102 is designed to address the limitations of existing steroid formulations, which are used off-label for the treatment of lumbar radicular pain, and has a strong potential to meet the current unmet medical needs. We anticipate sharing more details from the Phase 1/2 trial at upcoming meetings and with the expectation to start the pivotal multi-center U.S. Phase 3 trial this year,” Semnur Chief Medical Officer Dmitri Lissin, MD, stated in the news release. Semnur trades in a 52-week range of $1.50-$8.35.
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About Semnur Pharmaceuticals Inc.
Semnur Pharmaceuticals, Inc. is a clinical-stage specialty pharmaceutical company based in Los Altos, CA, focused on the development and commercialization of best in class novel non-opioid pain therapies. Semnur’s lead program, SP-102, is a non-opioid novel gel formulation administered epidurally in development for patients with moderate to severe chronic radicular pain/sciatica. For more information, visit www.semnurpharma.com.
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