Wockhardt announces successful initiation of Global Phase 3 Clinical Study of its novel antibiotic WCK 5222

Wockhardt has announced the completion of first site initiation visit for the pivotal Phase 3 global Clinical Study of its novel antibiotic WCK 5222.

WCK 5222 is a Super-drug which is entirely a new class of antibiotic known as "β-lactam ENHANCER".

This is double-blind, multi-center, efficacy, safety, and tolerability study in the treatment of hospitalized adults with Complicated Urinary Tract Infections, including Acute Pyelonephritis. This Study will have 70 centres worldwide in 11 countries including US, Europe, India, China and Latin America. This global study is expected to be completed in 18 months.

Dr. Habil Khorakiwala, Wockhardt's Chairman said: "We are pleased that WCK 5222 Phase 3 global study has commenced. WCK 5222 is a new class of antibiotic for Gram-negative terrain for complicated Urinary Tract Infections and Hospital Acquired Bacterial Pneumonia (HABP/VABP). Scientific evidence clearly suggest Superdrug WCK 5222, when available will save many lives worldwide."

Shares of Wockhardt Limited was last trading in BSE at Rs. 236.75 as compared to the previous close of Rs. 231.80. The total number of shares traded during the day was 47206 in over 1338 trades.

The stock hit an intraday high of Rs. 242.00 and intraday low of 231.25. The net turnover during the day was Rs. 11205925.00.

Source : Equity Bulls

Keywords

Wockhardt INE049B01025 Phase3 GlobalClinicalStudey NovelAntibiotic WCK5222