Pharmaceutical Business review

Transition receives $7.5 million milestone payment from Elan

The drug candidate ELND-005/AZD-103 has undergone Phase I clinical trials and appears to be safe and well tolerated at all doses and dosing regimes examined in approximately 110 subjects. The compound was also shown to be orally bioavailable, cross the blood brain barrier, and achieve levels in the human brain and CSF that were shown to be effective in animal models for Alzheimer’s disease.

Transition and its collaborator Elan remain on track to commence a Phase II clinical trial by the end of 2007 or early 2008, the company said.