FREMONT, CA - (NewMediaWire) - April 26, 2022 - ABVC BioPharma, Inc. (NASDAQ: ABVC), a clinical stage biopharmaceutical company developing therapeutic solutions in oncology/hematology, CNS, and ophthalmology, today announced that the principal investigators of the Phase II clinical study of Vitargus® will hold a virtual meeting on April 27, 2022. The meeting will be attended by all principal investigators currently selected from the Australian and Thailand sites to help coordinate the study, entitled “A Prospective Multi-Site Open Label Randomized Controlled Clinical Investigation of the Safety and Effectiveness of ABV-1701 Ocular Endotamponade (OE).”
“We are proceeding steadily according to our Vitargus® development plan,” said Dr. Howard Doong, Chief Executive Officer of ABVC BioPharma. “The investigator meeting will facilitate a mutual understanding of the study’s goals and set procedures to share experiences among the Principal Investigators. The Australian and Thai sites are expected to enroll approximately 40 patients in the study, which is a good starting point for our goal to enroll at least 175 patients in multiple countries by the end of 2023.”
Early clinical studies indicate that Vitargus® has unique properties that eliminate the need for post-surgery patient face-down positioning, while significantly improving patient comfort and visual acuity during the surgical recovery period, as compared to current products available on the market. It is the first biodegradable vitreous substitute to eliminate the need for a second post-op surgery to remove surgical fluids. The objective of the Phase II study is to demonstrate the safety and effectiveness of Vitargus®, compared to the commonly used SF6 Gas OE.
According to iHealthcareAnalyst, Inc., the global market for retinal surgery devices is expected to reach $3.7 billion by 2027, driven by a rising geriatric population worldwide
About ABVC BioPharma
ABVC BioPharma is a clinical-stage biopharmaceutical company with an active pipeline of six drugs and one medical device (ABV-1701/Vitargus®) under development. For its drug products, it is focused on utilizing its licensed technology to conduct proof-of-concept trials through Phase II of the clinical development process at world-famous research institutions (such as Stanford University, University of California at San Francisco, and Cedars-Sinai Medical Center). For Vitargus®, the company intends to conduct the clinical trials through Phase III at various locations throughout the globe.
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