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Indaptus Therapeutics Reports First Quarter 2023 Financial Results and Provides Corporate Update
Enrollment Continues for Phase 1 Clinical Trial of Decoy20 for Treatment of Solid Tumors with First Patient Dosed In March 2023 NEW YORK, May 11, 2023 (GLOBE
About this update from Indaptus Therapeutics, Inc.
[{"type":"text","content":"Enrollment Continues for Phase 1 Clinical Trial of Decoy20 for Treatment of Solid Tumors with First Patient Dosed In March 2023\nNEW YORK, May 11, 2023 (GLOBE NEWSWIRE) -- Indaptus Therapeutics, Inc. (Nasdaq: INDP) (“Indaptus” or the “Company”), today announced financial results for the first quarter ended March 31, 2023 and provided a corporate update. “Following the dosing and completion of our first patient in the first cohort of our INDP-D101 trial of Decoy20 for the treatment of solid tumors, we continue the screening and enrollment process to complete our first cohort,” said Jeffrey Meckler, chief executive officer of Indaptus. “In the interim, we have presented significant data at the American Association for Cancer Research scientific conference and received additional recognition within the scientific community. We have also received important additions to our intellectual property portfolio, now having patent protections for our Decoy immunotherapy platform in all 32 countries for which we applied. As we continue to screen and enroll patients for our trial, we will continue to prudently manage our cash position.” Key highlights from Q1 2023 to date: The Company reported the first dosing of a study subject in the INDP-D101 trial in March 2023. After Decoy20 dosing, the subject experienced expected and manageable adverse events believed to be related to the immune system activating components known to be in the product. The study’s objectives are to assess the safety and tolerability of Decoy20, to determine the maximum tolerated dose (MTD) and recommended phase 2 dose (RP2D), as well as to assess Decoy20 pharmacokinetics (PK), pharmacodynamics and clinical activity. The Phase 1 study has begun with a single dose escalation followed by an expansion with continuous administration of Decoy20. The initial trial site was the USC Norris Cancer Center in Los Angeles, CA. More information can be found at www.clinicaltrials.gov.In February 2023, Indaptus activated Morristown Medical Center as the second trial site in the INDP-D101 trial. The third site, Emory Winship Cancer Institute in Atlanta, GA, was activated in March 2023.A compound from the Company’s Decoy platform was featured in a poster presentation at the American Association for Cancer Research. The poster, titled, “A systemically administered killed bacteria-based mu...