Malvern-Based Biopharmaceutical Company Seeks FDA Approval for Cancer Therapy Drug
Malvern-based biopharmaceutical company Galera Therapeutics is filing for FDA approval of a new drug. The treatment, avasopasem, helps radiotherapy-induced severe oral mucositis, or painful ulcers in the mouth and throat, writes John George for the Philadelphia Business Journal. Â
Currently, there are no FDA-approved treatments. Galera CEO Mel Sorenson said that thousands of people undergoing radiotherapy are at risk for these painful ulcers. Â
In addition to treating ulcers, Sorenson said the drug reduces cisplatin-related chronic kidney disease in patients dealing with head and neck-related cancer. Â
As of Sept. 30, the 30-employee company had $42.8 million in cash and cash equivalents. After filing for FDA approval, Galera’s shares opened at 9 percent Monday, according to the Philadelphia Business Journal.
Read more about avasopasem in the Philadelphia Business Journal.
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