Lakewood-Amedex Biotherapeutics Supports Reintroduction of the PASTEUR Act and Focus on Combating Antimicrobial Resistance
Rhea-AI Summary
Lakewood-Amedex Biotherapeutics (NASDAQ: LABT) voiced support for the reintroduction of the bipartisan PASTEUR Act, which aims to incentivize development of new antimicrobials against antimicrobial resistance (AMR).
The company highlighted its proprietary Bisphosphocin® platform and lead candidate Nu-3, now preparing for Phase 2 as a topical therapy for infected diabetic foot ulcers.
Positive
- Proprietary Bisphosphocin® class targets infectious diseases with broad-spectrum, fast-acting antimicrobials
- In vitro activity reported against resistant strains including MRSA and VRE
- Nu-3 preparing to enter Phase 2 for infected diabetic foot ulcers, a major unmet need
Negative
- None.
Market reaction after Nu-3 Phase 2 development update: LABT -12.77% in the Jul 7 session
In the Jul 7 session, LABT declined 12.77%, reflecting a significant negative market reaction. Argus tracked a peak move of +9.3% during that session. Argus tracked a trough of -12.2% from its starting point during tracking. Our momentum scanner triggered 15 alerts that day, indicating notable trading interest and price volatility.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jun 25 | trial leadership update | Positive | -7.8% | Appointed David G. Armstrong as Study Chair and Scientific Advisor for Nu-3 Phase 2a. |
| Jun 22 | patent grant | Positive | -7.2% | Secured new Australian composition-of-matter patent expanding Bisphosphocin IP portfolio. |
| Jun 16 | investor presentation | Neutral | -0.7% | Scheduled Life Sciences Virtual Investor Forum presentation on strategy and Nu-3 program. |
| May 27 | ip expansion | Positive | +3.0% | Expanded Nu-3 formulation patents to Australia and New Zealand, reinforcing global protection. |
| May 18 | clinical progress | Positive | -36.6% | Reported positive data and manufacturing readiness supporting advancement of Nu-3 for iDFU. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent positive Nu-3 and IP updates have often been followed by negative price reactions, indicating a tendency for the stock to sell off on good news.
Key Terms
antimicrobial resistance medical
methicillin-resistant staphylococcus aureus medical
vancomycin-resistant enterococci medical
infected diabetic foot ulcer medical
AI-generated analysis. How Rhea-AI works. Not financial advice.
Company highlights its differentiated Bisphosphocin® platform and lead clinical candidate Nu-3 as innovative approaches to addressing microbial infections and the risk of resistance development
"Antimicrobial resistance is rapidly becoming one of the greatest threats to global healthcare, making the development of novel anti-infective therapies more important than ever," said Kelvin Cooper, Ph.D., Chief Executive Officer of Lakewood-Amedex Biotherapeutics. "The reintroduction of the PASTEUR Act recognizes the urgent need for innovation in this critically important field. At Lakewood-Amedex Biotherapeutics, we believe our proprietary Bisphosphocin® platform represents exactly the type of differentiated antimicrobial technology needed to help address resistant microbial infections, and we look forward to advancing the development of Nu-3 in patients with infected diabetic foot ulcers."
Lakewood-Amedex Biotherapeutics' proprietary Bisphosphocin® class of compounds has been shown in vitro to rapidly kill bacteria through a pH and concentration dependent destabilization of the bacterial cell membrane. This mechanism of action not only leads to high in vitro activity against antibiotic resistant strains, including Methicillin-resistant Staphylococcus aureus (MRSA) and Vancomycin-resistant Enterococci (VRE), but may also lower the probability of resistance development against the Bisphosphocin® class as suggested by initial in-vitro resistance development data.
The Company's is preparing to enter Phase 2 clinical development with its lead product candidate, Nu-3, as a topical therapy for infected diabetic foot ulcer (iDFU). iDFUs represent a significant unmet medical need, affecting millions of patients worldwide and often leading to hospitalization and amputation if the infection cannot be controlled in an early stage. The emergence of antibiotic-resistant pathogens has further complicated treatment, underscoring the need for innovative therapeutic options such as Nu-3.
About Lakewood-Amedex Biotherapeutics Inc.
Lakewood-Amedex Biotherapeutics Inc. (NASDAQ: LABT) is a clinical-stage biotechnology Company developing a novel class of fast-acting, broad-spectrum antimicrobials – the Bisphosphocin® class - to treat infectious diseases and reduce the threat posed by antibiotic-resistant bacterial strains, including MRSA, VRE, and others. For more information, please visit https://lakewoodamedex.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding Lakewood-Amedex Biotherapeutics Inc.'s clinical development plans, regulatory strategy, anticipated trial timing, potential regulatory submissions or approvals, and the potential benefits, safety, efficacy and commercial potential of its Bisphosphocin® platform and product candidates. These statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially, including risks that clinical trials may not be initiated, completed or successful on expected timelines or at all; preclinical or clinical results may not be predictive of future results; product candidates may not demonstrate safety or efficacy or receive regulatory approval; and risks related to manufacturing, supply, financing and other matters described in the company's SEC filings, including under "Risk Factors." Forward-looking statements speak only as of the date of this press release, and the company undertakes no obligation to update them except as required by law.
Contact
Investor Relations
Tiberend Strategic Advisors, Inc.
David Irish
(231) 632-0002
dirish@tiberend.com
Media Relations
Tiberend Strategic Advisors, Inc.
Casey McDonald
646-577-8520
cmcdonald@tiberend.com
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SOURCE Lakewood-Amedex Biotherapeutics Inc.