Kitov investigation relates to DMC and disclosures

2 May 2017

The Data Monitoring Committee (DMC) appointed in connection with Tel Aviv-based Kitov Pharmaceuticals’ (TASE: KTOV) Phase III clinical trial of KIT-302 is the subject of the ongoing Israeli Securities Authority (ISA) investigation, the company has said.

Kitov announced that it was being investigated by the ISA in February, stating then that the investigation centered around the company’s public disclosures on KIT-302, which is its lead drug candidate and is intended to treat osteoarthritis pain and hypertension simultaneously.

"The company believes that the ISA’s concerns with respect to the DMC are misguided"

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