No Treatment Currently Available for Condition Affecting Nearly All Schizophrenia Patients
WALTHAM, Mass. – June 22, 2015 – FORUM Pharmaceuticals Inc., a biopharmaceutical company singularly focused on the development and delivery of innovative medicines to treat serious brain diseases, today announced that the U.S. Food and Drug Administration (FDA) has granted Fast Track designation to encenicline, FORUM’s lead compound in development to treat cognitive impairment in schizophrenia. The FDA’s Fast Track program is designed to facilitate the development and expedite the review of drug candidates intended to treat serious or life-threatening conditions, and to demonstrate the potential to address unmet medical needs. Encenicline is a novel alpha 7 agonist in Phase 3 development by FORUM to treat cognitive impairment in schizophrenia and Alzheimer’s disease. The Company recently completed patient enrollment in its pivotal Phase 3 COGNITIV SZ clinical trial program investigating the use of encenicline as a pro-cognitive therapy in patients with schizophrenia who are currently being treated with atypical antipsychotics.
“We are pleased that the FDA has awarded Fast Track designation for our encenicline development program in schizophrenia, as we believe that it acknowledges the unmet need for a pro-cognitive therapy in patients with this disease,” said Deborah Dunsire, M.D., President and Chief Executive Officer of FORUM Pharmaceuticals. “Cognitive impairment is a debilitating condition that can severely impact patients’ ability to function effectively in activities of daily living, such as the ability to live independently, to work or attend school, to have relationships and to participate in social interactions and the community. Nearly all patients with schizophrenia are affected with cognitive impairment and no therapy is currently available.”
“FORUM’s ongoing Phase 3 COGNITIV SZ clinical trial program recently completed recruitment of more than 1,500 patients, and we expect to announce top-line results from those trials in the first half of 2016,” continued Dr. Dunsire. “Encenicline is also being investigated to treat Alzheimer’s disease, and patient enrollment is well underway in our ongoing multinational Phase 3 COGNITIV AD clinical trial program.”