Arch Biopartners Inc., (“Arch” or the “Company”) (TSX Venture: ARCH
and OTCQB: ACHFF), announced today that the University Health
Network Research Ethics Board, through the Clinical Trials Ontario
Streamlined Research Ethics Review System, has granted provincial
ethics approval for the Phase II trial for LSALT peptide targeting
the prevention and treatment of cardiac surgery-associated acute
kidney injury (CS-AKI).
The clinical teams at Toronto General Hospital
and St. Michael’s Hospital in Toronto are now seeking final
internal approvals and completing final preparations to begin
patient recruitment in the first quarter of 2025.
The trial continues to recruit patients at the
University of Calgary Hospital and five clinical sites in
Turkey.
Quote from Richard Muruve, CEO, Arch
Biopartners
“Our thanks to the University Health Network
team for smoothly navigating the Ontario ethics board approval
process over the last 12 months. This milestone is an important
step forward for our Phase II CS-AKI trial, as preparations
continue at our two Toronto clinical sites to begin enrolling
patients.”
About the CS-AKI Phase II
Trial
The CS-AKI Phase II trial is an international,
multi-center, randomized, double-blind, placebo-controlled study of
LSALT peptide with a recruitment target of 240 patients.
The primary objective of the trial is to
evaluate the percentage of subjects with acute kidney injury (AKI)
within seven days following on-pump (heart-lung machine) cardiac
surgery, as defined by the KDIGO (Kidney Disease: Improving Global
Outcomes) criteria.
Details of the Phase II trial, titled “Phase 2
Global, Multicenter, Randomized, Double-Blind, Placebo-Controlled
Study of LSALT peptide for the Prevention or Attenuation of Acute
Kidney Injury (AKI) in Patients Undergoing On-Pump Cardiac
Surgery”, can be viewed on clinicaltrials.gov.
CS-AKI and LSALT peptide
Cardiac surgery-associated acute kidney injury
(CS-AKI) is often caused by ischemia-reperfusion injury (IRI),
which reduces blood flow (ischemia) and oxygen to the kidneys,
causing kidney cell damage. When blood flow is restored
(reperfusion), inflammation is triggered, exacerbating injury to
the kidneys. Currently, no therapeutic treatment is available to
prevent acute kidney injury (AKI) of the type commonly experienced
by on-pump cardiac surgery patients. In severe cases of AKI, kidney
failure occurs, requiring kidney dialysis or kidney transplant for
survival.
LSALT peptide is Arch’s lead drug candidate
for preventing and treating inflammation injury in the kidneys,
lungs and liver. The drug targets the dipeptidase-1 (DPEP1) pathway
and has been shown by Arch scientists and their collaborators to
prevent IRI to the kidneys in pre-clinical models (video),
providing the scientific rationale for Arch to use LSALT peptide in
the current CS-AKI trial. Details of their findings were published
in the journal Science Advances, titled “Dipeptidase-1 governs
renal inflammation during ischemia reperfusion injury” by Lau
et al. and can be found, along with the latest peer-reviewed
publications about DPEP1 and LSALT peptide on the Company’s
website.
Incidence of CS-AKI
CS-AKI is a common complication in patients
following coronary artery bypass grafting (CABG) and other cardiac
surgeries, particularly on-pump procedures, which significantly
elevate the risk of AKI. The reported prevalence of CS-AKI is up to
30% and is independently associated with increased morbidity and
mortality.
Other Corporate
Developments
The Company has entered into a one-year
marketing and consulting contract (the "Contract") with
Toronto-based marketing firm, Outside The Box Capital Inc. (“OTB”),
which specializes in various social media platforms and will work
to facilitate greater awareness and widespread dissemination of the
Company's news.
In connection with the Contract, the Company
will pay OTB $25,000 per month during the Contract period and grant
150,000 two-year stock options with a strike price at $2.00 per
share, effective January 7, 2025. Outside The Box Capital Inc.
currently owns 0 shares of the Company.
About Arch Biopartners
Arch Biopartners Inc. is a late-stage clinical
trial company focused on preventing acute kidney injury and organ
damage caused by inflammation. The Company is developing a platform
of novel drugs targeting the dipeptidase-1 (DPEP1) inflammation
pathway prevalent in the kidneys, lungs and liver.
Its lead drug candidates, LSALT peptide and
cilastatin, are being developed to target kidney injury caused by
inflammation or toxins respectively, which are both significant
unmet medical needs.
For more information on Arch Biopartners’
science and drug platform, please visit:
www.archbiopartners.com/our-science
For investor information and other public
documents the company has also filed on SEDAR+, please visit
www.archbiopartners.com/investor-hub
The Company has 64,858,352 common shares outstanding.
Forward-Looking Statements
This press release contains forward-looking
statements within the meaning of applicable Canadian securities
laws regarding expectations of our future performance, liquidity
and capital resources, as well as the ongoing clinical development
of our drug candidates targeting the dipeptidase-1 (DPEP-1)
pathway, including the outcome of our clinical trials relating to
LSALT peptide (Metablok) or cilastatin, the successful
commercialization and marketing of our drug candidates, whether we
will receive, and the timing and costs of obtaining, regulatory
approvals in Canada, the United States, Europe and other countries,
our ability to raise capital to fund our business plans, the
efficacy of our drug candidates compared to the drug candidates
developed by our competitors, our ability to retain and attract key
management personnel, and the breadth of, and our ability to
protect, our intellectual property portfolio. These statements are
based on management’s current expectations and beliefs, including
certain factors and assumptions, as described in our most recent
annual audited financial statements and related management
discussion and analysis under the heading “Business Risks and
Uncertainties”. As a result of these risks and uncertainties, or
other unknown risks and uncertainties, our actual results may
differ materially from those contained in any forward-looking
statements. The words “believe”, “may”, “plan”, “will”, “estimate”,
“continue”, “anticipate”, “intend”, “expect” and similar
expressions are intended to identify forward-looking statements,
although not all forward-looking statements contain these
identifying words. We undertake no obligation to update
forward-looking statements, except as required by law. Additional
information relating to Arch Biopartners Inc., including our most
recent annual audited financial statements, is available by
accessing the Canadian Securities Administrators’ System for
Electronic Document Analysis and Retrieval (“SEDAR”) website at
www.sedarplus.ca.
The science and medical contents of this release
have been approved by the Company’s Chief Science Officer
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release
For more information, please contact:
Richard Muruve
Chief Executive Officer
Arch Biopartners, Inc.
647-428-7031
info@archbiopartners.com
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