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IQ-AI Ltd on Thursday - Jersey-based incubator of software and other tools for the treatment of cancer - IQ-AI subsidiary Imaging Biometrics LLC has been granted an orphan drug designation for Gallium Galtolate for the treatment of paediatric glioblastoma multiforme, or GBM, by the US Food & Drug Administration. Says GBM is the most common and aggressive primary brain tumour in adults and children. Imaging Biometrics’ application to the FDA was first submitted in April. In June, two pre-clinical studies showed oral GaM inhibits brain tumour growth in children, and the results were consistent with previous work conducted in the Schmainda Lab at the Medical College of Wisconsin. Chief Executive Officer Trevor Brown says: ‘We are very pleased that the FDA has now confirmed that the orphan drug designation for GaM applies to all GBM populations, including paediatric patients.’ Current stock price: 2.84 pence, up 9.1% on Thursday 12-month change: down 8.5% Copyright 2023 Alliance News Ltd. All Rights Reserved.
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