Wockhardt's yet another novel antibiotic Miqnaf™ receives favourable recommendation from Subject Expert Committee of CDSCO for the Treatment of CABP

The Subject Expert Committee (SEC) of Indian drug regulator, Central Drugs Standard Control Organization (CDSCO) has provided a favourable recommendation for Wockhardt's novel antibiotic Miqnaf™ (nafithromycin) discovered and developed for the treatment of Community-Acquired Bacterial Pneumonia (CABP) in Adults. The SEC recommendation is based on CDSCO's comprehensive review of product dossier consisting of non-clinical, US/EU Phase 1, Global Phase 2 and India Phase 3 clinical studies conducted over last 15 years. A positive opinion from SEC of CDSCO would pave the way for gaining DCGI's final approval for Miqnaf™.

Miqnaf™ is globally, 1st-ever, Once-a-Day (OD) 3-days-only treatment for CABP patients including those caused by multi-drug resistant (MDR) bugs. The attractive feature of Miqnaf™ is that it is highly active against azithromycin and amoxicillin/clavulanate resistant Pneumococci, as well as entire range of pathogens involved in such infections and thus offering a monotherapy option. Earlier, a lung penetration study conducted in the US demonstrated best-in-class lung concentrations of Miqnaf™ enabling to evolve a convenient, compliance-friendly treatment for respiratory infections. Miqnaf™ is expected to play a significant role in offering a reliable treatment option in the community and thus would obviate the need of hospitalization.

Community-acquired pneumonia is the most common infection leading to hospitalization and deaths. Children and older adults are particularly vulnerable. Globally, 2.4 million annual deaths are caused by lower respiratory tract infections. India contributes to 23% of global community pneumonia burden.

Shares of Wockhardt Limited was last trading in BSE at Rs. 994.95 as compared to the previous close of Rs. 947.60. The total number of shares traded during the day was 4573 in over 114 trades.

The stock hit an intraday high of Rs. 994.95 and intraday low of 994.95. The net turnover during the day was Rs. 4549906.00.

Source : Equity Bulls

Keywords

Wockhardt INE049B01025 SEC CDSCO Recommendation Antibiotic Miqnaf Nafithromycin CABPtreatment