Monday, January 7, 2008

As Predicted on SI Blog : SRT501 Clinical Results Released

As speculated on this blog, Sirtris Pharmacueticals released the results of its Phase 1b clinical study of SRT501 at the 26th Annual JPMorgan Healthcare Conference. The news was terrific:

"This 28-day Phase 1b study was designed to assess the safety, tolerability and pharmacokinetics of once-daily, orally administered doses of either 2.5 g or 5 g of SRT501 in patients with Type 2 Diabetes who were naïve to other diabetes drug treatments. Both doses of SRT501 were found to be safe and well-tolerated, and pharmacokinetics, a measure of drug levels in the blood, were identical at days one and 28, suggesting no drug accumulation. There were no serious adverse events and no dose-related adverse events. Importantly, SRT501 showed a statistically significant improvement in an oral glucose tolerance test on day 28 at two hours and a trend towards lower fasting plasma glucose levels."


For SIRT investors the good news translated into a 14% gain in after hours trading as SIRT rose sharply from $13.19 at the close to $15 at 5:00PM. Tomorrow should be a very interesting day.

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