Clarity Pharmaceuticals (ASX:CU6) - Executive Chairman, Dr Alan Taylor
Executive Chairman, Dr Alan Taylor
Source: Clarity Pharmaceuticals
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Clarity Pharmaceuticals (CU6) gains a tick of approval to begin a phase three trial called CLARIFY, assessing its 64Cu SAR-bisPSMA diagnostic in prostate cancer
  • The new trial follows a successful end-of-phase meeting with the US FDA and will treat patients with high-risk PC before receiving a radical prostatectomy
  • The phase three trial follows positive results from CU6’s previously completed PROPELLER trial
  • Clarity expects its single-arm, multi-centre, blinded-review, phase three diagnostic performance study to begin patient recruitment in late 2023
  • CU6 shares are up 4.05 per cent, trading at 77 cents at 11:22 am AEST

Clarity Pharmaceuticals (CU6) has gained approval to begin a phase three trial called CLARIFY, assessing its 64Cu SAR-bisPSMA diagnostic in prostate cancer (PC).

The new trial follows a successful end-of-phase meeting with the US Food and Drug Administration (FDA) and will treat patients with high-risk PC before receiving a radical prostatectomy.

Clarity expects its single-arm, multi-centre, blinded-review, phase three diagnostic performance trial to begin patient recruitment in late 2023.

“We are very excited to progress our phase three trial and are appreciative of the time and valuable guidance the FDA has provided in relation to our 64Cu SAR-bisPSMA program during the end-of-phase meeting,” CU6 Executive Chairperson Dr Alan Taylor said.

“The positive results from our completed PROPELLER1 trial showed that 64Cu SAR bisPSMA is safe, and its uptake in PSMA-expressing cancer lesions was significantly higher compared to the approved standard-of-care PSMA imaging agent for PC in Australia and the US.

“Furthermore, we believe that the additional shelf-life of up to 48 hours could not only allow clinics greater flexibility in scheduling scans but could also improve patient’s access to care in clinics and geographic areas where the short half-life of current PSMA PET tracers restricts the use of radiopharmaceuticals.”

The company’s phase three trial design is based on positive results from its previously completed PROPELLER trial.

CU6 will monitor 383 prostate cancer patients across multiple sites, aimed to commence in late 2023.

CU6 shares were up 4.05 per cent, trading at 77 cents at 11:22 am AEST.

CU6 by the numbers
More From The Market Online
The Market Online Video

ASX Market Close: Banks lead Index to finish the week on a high | September 6, 2024

The bank stocks rallied leading the index higher, but Energy and mining stocks slumped in the…
IPO concept

Is the ASX getting its groove back? Here’s 5 IPOs in September to watch

After another slow year for IPOs on the ASX, September is looking like it could be…
Money is tight concept 2

Week 36 Wrap: AI hype wave tested again; Oz per capita recession continues; AirTrunk’s $40B+ payday

At the start of this week we saw NVIDIA – as a proxy for the AI…
The Market Online Video

ASX Market Update: CBA breaks record as banks lead Index higher | September 6, 2024

Bank stocks have surged and dragged the market higher with the big 4 all outperforming and…