Australian biotech company Starpharma (ASX: SPL) just announced its product VivaGel (astodrimer sodium) BV’s New Drugs Application (NDA) has advanced to the next stage of review by the US Food and Drug Administration, with the news pushing the firm’s shares up 2.64% to A$1.16.
This announcement follows the company signing two license deals with Mundipharma to sell and market VivaGel BV in Europe, Asia, Middle East, Latin America and Africa. VivaGel BV is a water-based vaginal gel for the treatment of bacterial vaginosis (BV) and prevention of recurrent BV, and was discovered and developed by the Melbourne-based firm.
Confirmation by the FDA that the NDA has been accepted for filing is a significant regulatory milestone for Starpharma. The achievement reflects the completeness of the VivaGel BV data package and is expected to positively impact on licensing for the North American region, which is in the advancement stages of negotiation.
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