KNOXVILLE, TN, /Globe Newswire/ -- Provectus Biopharmaceuticals, Inc. (OTCQB: PVCT, www.provectusbio.com), ("Provectus" or the "Company"), a clinical-stage biotechnology company developing a novel therapeutic platform based on halogenated xanthenes for the treatment of multiple diseases, including cancer and inflammatory dermatoses, today announced that results from the Company's mechanism of action ("MOA") study of PH-10 were presented at the 8th International Congress of Psoriasis: from gene to clinic ("Psoriasis G2C"), held in London, England from November 30th to December 2nd. This MOA work was undertaken by James Krueger, MD, PhD and other members of the Laboratory for Investigative Dermatology at The Rockefeller University. PH-10 is a topical hydrogel formulation that yields selective delivery of rose bengal disodium to epithelial tissues.
The MOA work used tissue biopsy specimens collected from participants in a multicenter study of subjects with mild to moderate psoriasis (NCT02322086). Patients applied a vehicle treatment each day for 28 consecutive days to plaque psoriasis on the central part of their bodies or extremities, and then applied PH-10 each day for 28 consecutive days to these same areas. Biopsies of one target plaque were collected at baseline (at least 7 days prior to first study treatment on Day 1), and then at Days 29 and 64 (with a 7-day interval between the biopsy at Day 29 and the commencement of PH-10 application on Day 36). Study data from each subject served as an internal control (i.e., non-lesional skin and plaque skin assessment at baseline and serial biopsies at the end of the applications of the vehicle and PH-10, respectively) to assess patients' clinical and cellular responses to PH-10.
Topical PH-10 Results from MOA Study Presented at Psoriasis G2C:
Dominic Rodrigues, Chairman of the Company's Board of Directors, said, "This study has elucidated PH-10's novel mechanism of action for psoriasis and, combined with Provectus' prior clinical work in inflammatory dermatoses, reaffirmed our belief that the Company's therapeutic platform may now encompass psoriasis and also extend to other skin disorders. The immunologic response outcome that four weeks of topical PH-10 achieved in this study occurs with other topical or systemic drugs approved for psoriasis."
Mr. Rodrigues added, "We believe Dr. Krueger's foundational analysis of immune and psoriasis-related gene modulation by PH-10 confirms its clinical relevancy, albeit in a brief, four-week treatment regimen. This prior regimen was studied by Provectus in multiple Phase 1 and 2 clinical studies of psoriasis and atopic dermatitis comprising more than 200 patients; minimal adverse effects were observed and efficacy was evident in all metrics, such as psoriasis severity index, plaque response assessment, pruritus self-assessment, eczema area severity index, and investigator's global assessment."
Mr. Rodrigues concluded, "Provectus is now in the position to establish the full efficacy potential of topical PH-10. We are refining our clinical development program for dermatology to include longer administration of PH-10 that would allow for its direct comparison with both topical and systemic approved drugs."
A copy of the poster presentation is available on Provectus' website at http://www.provectusbio.com/media/docs/publications/PVCT_PG2C2017.pdf
Provectus is a clinical-stage biotechnology company leading the development of a new class of drugs based on halogenated xanthenes. Intralesional PV-10, the first small molecule oncolytic immunotherapy, is undergoing clinical study for adult solid tumor cancers like melanoma and cancers of the liver, and preclinical study for pediatric cancers. Topical PH-10 is undergoing clinical study for inflammatory dermatoses like psoriasis and atopic dermatitis. Information about the Company's clinical trials can be found at the NIH registry, www.clinicaltrials.gov. For additional information about Provectus, please visit the Company's website at www.provectusbio.com.
FORWARD-LOOKING STATEMENTS: This release contains "forward-looking statements" as defined under U.S. federal securities laws. These statements reflect management's current knowledge, assumptions, beliefs, estimates, and expectations and express management's current views of future performance, results, and trends and may be identified by their use of terms such as "anticipate," "believe," "would," "could," "estimate," "expect," "intend," "may," "plan," "predict," "project," "will," and other similar terms. Forward-looking statements are subject to a number of risks and uncertainties that could cause our actual results to materially differ from those described in the forward-looking statements. Readers should not place undue reliance on forward-looking statements. Such statements are made as of the date hereof, and we undertake no obligation to update such statements after this date.
Risks and uncertainties that could cause our actual results to materially differ from those described in forward-looking statements include those discussed in our filings with the Securities and Exchange Commission (including those described in Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2016).
Provectus Biopharmaceuticals, Inc.
Tim Scott, Ph.D.