Shares of AntriaBio (OTCQB: ANTB) are 10% lower in morning trade after the biopharmaceutical company said it has filed an Investigational New Drug (IND) application with the FDA for AB101, the company’s once-weekly basal insulin for patients with diabetes mellitus. AntriaBio said it intends to subsequently initiate a phase 1 first-in-human clinical study to assess the safety and tolerability, pharmacokinetics and time-action profile of single ascending doses of AB101, administered to subjects with Type 1 diabetes mellitus.
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About AntriaBio, Inc.
AntriaBio is a patient-centric biopharmaceutical growth company specializing in the development of innovative drug therapies for patients with diabetes and metabolic diseases. AntriaBio’s lead product candidate is AB101, an injectable once-weekly basal insulin for type 1 and type 2 diabetes that addresses a >$10 billion market where the current standard of care is a once-daily basal insulin injection. For more information visit: www.antriabio.com
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