Benzinga | Mar 9, 2021 09:19AM EST

Cyclo Therapeutics Reports Received Positive Opinion From Paediatric Committee Of European Medicines Agency On Deal Of Paediatric Investigation Plan For Trappsol Cyclo

Cyclo Therapeutics, Inc. (NASDAQ:CYTH) ("Cyclo Therapeutics" or the "Company"), a clinical stage biotechnology company dedicated to developing life-changing medicines through science and innovation for patients and families suffering from disease, today announced a positive opinion has been adopted from the Paediatric Committee (PDCO) of the European Medicines Agency (EMA) on its agreement with the proposed Paediatric Investigation Plan (PIP) for Trappsol(r) Cyclo(tm), a proprietary formulation of hydroxypropyl beta cyclodextrin, used intravenously (IV), currently in development for the treatment of Niemann-Pick Type C (NPC1).

As part of the regulatory process for the registration of new medicines in Europe, pharmaceutical companies are required to provide a PIP outlining their strategy for investigation of the new medicinal product in the paediatric population. The PIP opinion from PDCO has endorsed the clinical program to evaluate the safety, tolerability and efficacy of Trappsol(r) Cyclo(tm) in patients from 3 years to less than 18 years of age with NPC Type C1 as well as the inclusion of a single-arm sub-study with patients from birth to less than 3 years of age with NPC Type C1 to evaluate safety and obtain descriptive data on global severity and improvement in response to Trappsol(r) Cyclo(tm). This adoption of the PIP paves the way for the potential submission of a MAA in Europe for Trappsol(r) Cyclo(tm) in the treatment of NPC1 following the completion of the pivotal Phase 3 study which is expected to commence in the second quarter of 2021.

"We are incredibly pleased to receive positive notice from the PDCO and accomplish this important regulatory milestone as we continue to advance Trappsol(r) Cyclo(tm) for the treatment of NPC. This approval of the PIP bolsters our confidence in the potential of Trappsol(r) Cyclo(tm) to address this area of significant unmet need and provides us with a pathway towards approval for the pediatric population in Europe in parallel with our U.S regulatory strategy. Moving forward, we look to continuing our work with the regulatory authorities to bring Trappsol(r) Cyclo(tm) to the European market as expeditiously as possible," commented Michael Lisjak, Chief Regulatory Officer of Cyclo Therapeutics.

With successful completion of the agreed PIP, Cyclo Therapeutics would be eligible for up to an additional two years of marketing exclusivity in the EU, on top of the ten-year EU market exclusivity after market approval.

Cyclo Therapeutics has received Fast Track Designation for NPC from the U.S. Food and Drug Administration (FDA), along with Orphan Drug Designation for Trappsol(r) Cyclo(tm) in both the U.S. and EU, and Rare Pediatric Disease Designation from the FDA. Additionally, Trappsol(r) Cyclo has the potential for Priority Review Voucher (PRV) in U.S.

NPC is a rare genetic disease affecting 1 in 100,000 live births globally. NPC affects every cell in the body due to a defect in the NPC1 protein which is responsible for cholesterol processing in the cell. As cholesterol accumulates in cells, NPC causes symptoms in the brain, liver, spleen, lung and other organs and often leads to premature death. There are no approved drug therapies for NPC in the United States and only one approved therapy in Europe.