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Cerus On Track To Complete Enrollment In Platelet Viral Inactivation Trials

This article was originally published in The Gray Sheet

Executive Summary

Enrollment of 600 patients in Cerus Corp.' s 12-center Phase III U.S. study of the company's blood platelet viral and bacterial inactivation compound S-303 will be completed by the first quarter of 2001, President and CEO Stephen Isaacs reported March 21 at the New York Society of Security Analysts health care conference in New York City.

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Cerus Corp.

Private placement of 1.2 mil. shares of common stock at $50 each raises $60 mil. to help fund R&D, clinical trials and general and administrative expenses. Cerus is collaborating with Baxter on a Phase III U.S. clinical trial of the Intercept Platelet System, as well as a Phase III U.S. trial of the Intercept Plasma System and Phase I trial of the Intercept Red Blood Cell System using Cerus-made compounds for pathogen inactivation (1"The Gray Sheet" March 27, 2000, p. 16). The financing increases Cerus' cash and investments to about $106 mil. "It is a pivotal time for Cerus as we prepare to file for regulatory approval for the Intercept Platelet System in Europe, and are working towards completion of Phase III clinical trials of the Intercept Platelet System and the Intercept Plasma System in the U.S.," the firm says

Claim That Supplement Boosts Children’s Focus Could Spur FTC Attention

Creekside Natural Therapeutics might hear from the FTC after failing to show in an industry self-regulation forum that it would correct misleading claims for its Focused Mind Jr. supplement promoted as an alternative to ADHD drugs.



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