USA-based Archemix, a biotechnology company focused on discovering, developing and commercializing aptamer therapeutics for rare hematological diseases, has received orphan drug designation for ARC1779 from the European Commission for the treatment of thrombotic thrombocytopenic purpura.
ARC1779 is currently in a Phase II trial designed to assess the safety, pharmacokinetics and pharmacodynamic effects of the drug candidate in approximately 28 patients with von Willebrand Factor-mediated platelet function disorders. Archemix expects this trial to conclude in the third quarter of 2008.
There is no drug currently approved for the treatment of TTP and acute episodes of the disease are associated with a significant mortality rate, estimated to be as high as 20%, says the firm. ARC1779 also received orphan drug designation from the US Food and Drug Administration in April.
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