Sierra Natl BK Tehachapi Calif (MM) (NASDAQ:SIRT)
Historical Stock Chart
From Jul 2019 to Jul 2024
![Click Here for more Sierra Natl BK Tehachapi Calif (MM) Charts. Click Here for more Sierra Natl BK Tehachapi Calif (MM) Charts.](/p.php?pid=staticchart&s=N%5ESIRT&p=8&t=15)
Sirtris Pharmaceuticals, Inc. (NASDAQ: SIRT), a biopharmaceutical
company focused on discovering and developing small molecule drugs to
treat diseases of aging such as Type 2 Diabetes, today announced the
initiation of a Phase 1b clinical trial of SRT501 in patients in Europe
with MELAS Syndrome (Mitochondrial Encephalopathy Lactic Acidosis and
Stroke-like episodes). MELAS is a progressive and fatal disorder caused
by a mutation in the DNA of the mitochondria that mainly affects muscles
and nerves leading to reduced exercise capacity and eventually muscle
failure. There are currently no known treatments for patients with MELAS
Syndrome.
“We are pleased to continue to advance the
clinical development of SRT501 into this area of significant unmet
medical need. We believe MELAS represents an orphan drug opportunity,”
said Peter Elliott, Ph.D. Senior Vice President of Development at
Sirtris.
This Phase 1b trial is designed to test the primary endpoints of safety
and pharmacokinetics of SRT501 in patients with MELAS. SRT501 will be
administered to a group of 15 patients once daily for three months and
an additional group of 15 patients will receive placebo. Secondary
endpoints include exercise tolerance, and fasting blood glucose and
insulin levels. Sirtris expects data from this trial by the end of 2008.
“In addition to MELAS, SRT501 is also being
evaluated in two Phase 1b clinical trials in patients with Type 2
Diabetes with results expected in the first of these trials later this
year. SRT501 represents the first in a portfolio of sirtuin activators,
including novel chemical entities which are even more potent than
SRT501, intended to treat a range of diseases of aging,”
said Christoph Westphal, M.D., Ph.D., Chief Executive Officer of Sirtris.
About SRT501
SRT501, Sirtris’ proprietary version of
resveratrol and initial clinical candidate, activates the sirtuin,
SIRT1. SIRT1 is a member of the human sirtuin family of enzymes.
Specifically, SRT501 acts by increasing mitochondrial activity and may
target metabolic diseases like Type 2 Diabetes as well as mitochondrial
disorders such as MELAS.
Sirtuins are a recently-discovered family of enzymes that appear to
regulate certain beneficial effects of calorie restriction. There are
seven human sirtuins (SIRT1-7), each having a different sub-cellular
localization. Sirtris believes that sirtuins are attractive drug targets
since some have a specialized function in mitochondrial activity which
may be therapeutically beneficial for metabolic and neurological
diseases. By harnessing a natural process, Sirtris believes sirtuin
therapeutics offer the potential for a novel class of drugs that can
treat significant diseases of aging in a new way.
About MELAS Syndrome
Based on market research, Sirtris estimates that there are between 5,000 –
10,000 patients with MELAS both in the United States and Europe,
although the true rate of incidence is unknown. MELAS is a rare
mitochondrial disorder caused by a mutation in the genetic material of
an intracellular structure that releases energy (mitochondria). The most
characteristic symptom of MELAS is exercise intolerance and recurring,
stroke-like episodes in which sudden headaches are followed by vomiting
and seizures. Short stature, an accumulation of lactic acid in the blood
(lactic acidosis), and muscular weakness on one side of the body are
often also associated with MELAS.
About Sirtris Pharmaceuticals
Sirtris Pharmaceuticals is a biopharmaceutical company focused on
discovering and developing proprietary, orally available, small molecule
drugs with the potential to treat diseases associated with aging,
including metabolic diseases such as Type 2 Diabetes. Our drug
candidates are designed to mimic certain beneficial health effects of
calorie restriction, without requiring a change in eating habits, by
activation of sirtuins, a recently discovered class of enzymes that
control the aging process. The company's headquarters are in Cambridge,
Massachusetts.
This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. Such
statements include, but are not limited to, the potential therapeutic
effects of SIRT1 activators for multiple neurodegenerative diseases and
other types of disorders, the progress and results of pre-clinical
studies of SIRT1 activators, and the potential of sirtuin modulators to
receive regulatory approval. These forward-looking statements about
future expectations, plans and prospects of Sirtris Pharmaceuticals
involve significant risks, uncertainties and assumptions, including
risks related to the lack of results that would provide a basis for
predicting whether any of the Company’s
product candidates will be safe or effective, or receive regulatory
approval, the possibility that results of pre-clinical studies are not
necessarily predictive of clinical trial results, the Company's
potential inability to initiate and complete pre-clinical studies and
clinical trials for its product candidates, the fact that none of the
Company's product candidates has received regulatory approvals, the
potential inability of the Company to gain market acceptance of the
Company's product candidates, and those other risks factors that can be
found in the Company's filings with the Securities and Exchange
Commission. Actual results may differ materially from those Sirtris
Pharmaceuticals contemplated by these forward-looking statements.
Sirtris Pharmaceuticals does not undertake to update any of these
forward-looking statements to reflect a change in its views or events or
circumstances that occur after the date of this release.