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This was one of the shares of the year last year hitting 220 retracing in waves to 75p.
I caught the knife a little to high but with to-days info things look up as does the TA with formation of recent trend reversal.
Volume appears to be going with price rise and momentum and ROC etc, look promising. It has supportat 70p
I think it is worth keeping an eye on and possibly a buy, but how long the uptrend will last I havent a clue.
Alizyme PLC
07 July 2005
For Immediate Release 7 July 2005
ALIZYME REACHES AGREEMENT WITH FDA
FOR RENZAPRIDE PHASE III CLINICAL TRIAL
Cambridge UK, 7 July 2005: Alizyme plc (LSE:AZM) announces that it has reached agreement with the US Food and Drug Administration (FDA) under the Special Protocol Assessment (SPA) procedure for the design of a pivotal Phase III clinical trial for renzapride in constipation-predominant irritable bowel syndrome (c-IBS) in the US.
The trial will be a multi-centre, randomised, double-blind, placebo-controlled, parallel group, pivotal, efficacy study. The trial will involve up to 1,700 women with c-IBS being treated over a 12-week period. Patients' response will be determined by each patient, via weekly self-assessments of their IBS symptoms.
The primary endpoint will be to evaluate whether daily doses of renzapride, taken either as 4 mg once daily or 2 mg twice daily, are clinically and statistically significantly more effective than placebo in providing overall symptomatic relief of c-IBS in women between 18 and 65 years of age. Secondary endpoints include adequate relief of abdominal pain/discomfort and of bowel problems.
It is expected that patient recruitment will commence in Q4 2005 and, assuming anticipated recruitment timelines are met, Alizyme would expect results to be available in the first half of 2007.
Commenting, Dr Richard Palmer, Chief Executive Officer, said:
'We are extremely pleased to have reached agreement with the FDA, following extensive discussions, for this pivotal Phase III clinical trial of ren zapride in the US. This is a major achievement for both renzapride and the Company as it takes a second product from our portfolio into Phase III clinical development.'
Previous news
AFX News Feed
Thursday, 30/06/05, 16:24
Alizyme knows no reason for share movement, says finances strong
LONDON (AFX) - Alizyme PLC, the UK-based speciality biopharmaceutical development company, said it has noted the recent movement in its share price, adding it knows no reason for this. The company said following a 30 mln stg fundraising last April, it has sufficient funds to carry forward all its development programmes and for operations into 2008, during which time it expects to have made "significant progress in commercialising its portfolio." "Alizyme anticipates strong news flow later this year generated by progress in its product pipeline," it said. "Alizyme's late stage portfolio of four clinical products continues to progress according to plan," said CEO Dr Richard Palmer. "We are also in our strongest ever financial position and expect to report on significant progress in our product pipeline during 2005."
Comments appreciated.