TPTX » Topics » We have had clinical trial failures on our lead compound.

This excerpt taken from the TPTX 10-Q filed Nov 9, 2006.

We have had clinical trial failures on our lead compound.

          We have not achieved statistical significance in the primary endpoints in the Phase III trials conducted to date with our lead compound, Phenserine. We are seeking a partner to continue the development of Phenserine, including conducting additional Phase III trials. These trials are costly. We cannot assure that we will be able to successfully conclude a deal with a partner. If we do find a partner to continue developing Phenserine, we cannot assure that they will successfully develop or commercialize Phenserine.

This excerpt taken from the TPTX 10-K filed Mar 16, 2006.

                     We have had clinical trial failures on our lead compound.

          We have not achieved statistical significance in the primary endpoints in the Phase III trials conducted to date with our lead compound, Phenserine. We are seeking a partner to continue the development of Phenserine, including conducting additional Phase III trials. These trials are costly. We cannot assure that we will be able to successfully conclude a deal with a partner. If we do find a partner to continue developing Phenserine, we cannot assure that they will successfully develop or commercialize Phenserine.

EXCERPTS ON THIS PAGE:

10-Q
Nov 9, 2006
10-K
Mar 16, 2006
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