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BioLineRx BL-1021 shows efficacy in Phase Ib trial

BioLineRx's Phase Ib trial has demonstrated that a single administration of BL-1021 was safe and well tolerated.

The study aimed at assessing the safety, tolerability and pharmacokinetics of a single administration of BL-1021 at doses between 10mg and 80mg.

The preliminary modeling of the pharmacokinetic data collected in this trial predicts that a once daily administration of BL-1021 at the dose levels assessed in the trial will enable reaching effective doses in patients.

BioLineRx CEO Kinneret Savitsky said they believe BL-1021 has the potential to provide improved efficacy without the side effects associated with many existing medications.

"We anticipate that the final results and analysis will confirm that BL-1021 has the competitive advantage of a once daily administration," Savitsky said.