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Akela Pharma achieves second milestone in Phase III cancer pain study

Akela Pharma, a drug development company focused on developing therapies for the inhalation and pain markets, has achieved the second of a series of three Fentanyl Taifun Phase III study related milestones to be paid by Janssen Pharmaceutica.

This second milestone related to the start of the Fentanyl Taifun Phase III program should be followed within the next quarter by the enrollment of the first patients in Phase III efficacy and safety studies in Europe.

Janssen Pharmaceutica is the licensee for the product in Europe, Canada, Middle East and Africa.