Source: Peter Byrne of The Life Sciences Report
May 7, 2015 (Investorideas.com stocks newswire) David Luci, CEO of Dipexium Pharmaceuticals Inc., tells The Life Sciences Report why he believes his firm's new skin-healing product may soon dominate a broad international market niche. Investors take note: Not only is the company's product promising, its top management also spearheaded a successful initial public offering -- a combo that could prove a potent addition to a biotech portfolio.
The Life Sciences Report: Dipexium Pharmaceuticals Inc.'s (DPRX:NASDAQ) pipeline product, Locilex, is being tested on mild diabetes-related foot infections. What is the nature of that bacterial infection?
David Luci: Diabetic foot infections are caused by different types of bacteria, including gram-positive and gram-negative, aerobic and anaerobic. Our broad-spectrum antibiotic works particularly well for diabetic foot infections. Locilex is a topical cream that does not enter the bloodstream, meaning that it avoids meeting systemic antibiotic resistance, the looming public health crisis caused by the use of oral antibiotics. Our cream does not introduce toxic side effects in vital organs, which is always a concern when treating diabetic patients with compromised kidney and liver function. Locilex is now being tested in two Phase 3 clinical trials against a placebo cream. In H2/15 we will know if we can beat the placebo—which is a major milestone in moving toward FDA approval.