AEGiS-Reuters: Theratechnologies jumps 70 pct on drug trial results

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Theratechnologies jumps 70 pct on drug trial results

Reuters NewMedia - December 19, 2006


TORONTO - Theratechnologies Inc.'s announcement on Tuesday of positive results in the Phase 3 clinical trial of its TH9507 drug, designed to treat the side effects of anti-HIV drug combinations, sent the stock up more than 70 percent in early trading.

Shortly after the open, the company's shares surged C$2.00, or 72.7 percent, to C$4.75.

The TH9507 drug is designed to treat lipodystrophy, a condition common in patients using anti-HIV therapy regimens.

The company said the study was aimed at detecting an 8-percent reduction in visceral adipose tissue against a placebo. After 26 weeks, patients on TH9507 achieved a 15-percent reduction in visceral adipose tissue versus the baseline and a 20-percent difference against the placebo.

The drug was shown to be well tolerated by patients, the company said.

Theratechnologies will seek to confirm the results through a second study, for which it will enroll the first patients during the first quarter of 2007.

($1=$1.16 Canadian)

***

Additional reporting by Blaise Robinson


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