New Australia Site Confirmed to Participate in the Study
Fremont, CA - (NewMediaWire) - September 09, 2022 - ABVC BioPharma, Inc. (NASDAQ: ABVC), a clinical-stage biopharmaceutical company developing therapeutic solutions in oncology/hematology, CNS, and ophthalmology, today announced a new clinical site in Australia has been selected to participate in the Phase II clinical study of Vitargus®, the first bio-degradable vitreous substitute to facilitate retina re-attachment surgery. The new site, located at the Sydney Eye Hospital in Sydney, New South Wales, will join East Melbourne Eye Group in East Melbourne, Victoria, Australia and Ramathibodi Hospital and Srinagarind Hospital in Thailand, to participate in the study.
The Sydney Eye Hospital is a well-established site for clinical trials with over 10 years’ experience including 23 completed and 22 on-going ophthalmology studies. The site has sufficient staff and resources to conduct the trial to a high standard with a potential enrollment rate of 10 subjects per week.
“We are pleased to confirm that the Sydney Eye Hospital will join our Phase II clinical study. As a well-established ophthalmology clinical study site, the Sydney Eye Hospital will conduct the study at the highest quality standard and, as a result, increase the overall patient recruiting rate,” said Dr. Howard Doong, Chief Executive Officer of the Company. Dr. Doong further noted, “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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