Opexa Therapeutics (OPXA), a biopharmaceutical company, develops personalized cellular therapies to treat multiple sclerosis (MS) based on its proprietary T-cell technology. Its leading therapy candidate includes Tcelna, a novel T-cell immunotherapy, which is in Phase IIb clinical development for the treatment of patients with secondary progressive MS. OPXA was formerly known as PharmaFrontiers Corp. and changed its name to Opexa Therapeutics in June 2006 < founded in 2003> and is based in The Woodlands, Texas.
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Insight, foresight and recommendation
Opexa (OPXA) – OPXA’s P2b clinical trial of Tcelna® (imilecleucel-T) in secondary progressive multiple sclerosis (SPMS) (Abili-T trial) is nearing completion. Top line data is expected in early Q4/16. The final dose was administered to the last patient in 2/16 and approximately 98% of all patient visits have now been completed. The Abili-T clinical trial is being conducted at 35 clinical sites in the U.S. and Canada. Opexa has received Fast Track designation from the U.S. Food and Drug Administration (FDA) for Tcelna in SPMS. For Q1/16 OPXA reported a net loss of -$2.1 M, or -$0.31 per share, compared to a net loss of -$3.4 M or -$0.95 per share for Q1/15. RECOMMENDATION: BUY
buy
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