In a statement, the Laval, Quebec-based biopharmaceutical innovator said it has engaged Oppenheimer & Company Inc as its financial advisor to assist in the process.
“There can be no assurance of a successful outcome from these efforts, or of the form or timing of any such outcome,” the company said in a brief statement.
The company made it clear that it “does not intend to make any further disclosures” regarding the strategic review process unless and until a specific course of action is approved by the company’s board.
Meanwhile, Acasti Pharma emphasized that along with its clinical advisors, it plans to “complete the full data analyses” as contemplated in the Statistical Analysis Plan for TRILOGY 2, including the secondary and exploratory endpoints, and “the pooling of the data from TRILOGY 1 and 2.”
Last month, Acasti Pharma released topline results from its Phase 3 TRILOGY 2 trial of lead drug CaPre that saw a 30.4% average reduction in triglyceride levels among all patients receiving CaPre, as compared to 30.5% in TRILOGY 1, and a 17.9% median reduction in triglyceride levels among patients receiving placebo at 12 weeks as compared to 27.5% in TRILOGY 1.
CaPre is a krill-oil derived prescription drug, aimed at treating hypertriglyceridemia, or high levels of triglycerides in the blood, which is known to contribute to heart disease.
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