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Osteologix Continues to Develop NB S101 for Osteoporosis

Posted on: Sat, 24 Oct 2009 00:32:00 EDT

Symbols: OLGX

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Oct 24, 2009 (Close-Up Media via COMTEX) --
OLGX | Quote | Chart | News | PowerRating -- Osteologix, Inc., a bio-pharmaceutical company, announced that the company will continue the clinical development for its osteoporosis drug, NB S101 (strontium malonate), in the United States and the rest of the world markets.

Additionally, the company said that it wants to recognize World Osteoporosis Day's significance and make more people aware of its research dedicated to improving the lives of people with osteoporosis.

"We believe that NB S101 will bring a safe and effective new alternative therapy for the millions of patients with osteoporosis. Our product can be manufactured and commercialized in a way that should also appeal to the cost conscious patients, physicians and payers," said Philip J. Young, CEO of Osteologix. "In addition, our recently expanded global patent estate will allow our shareholders a long window of opportunity to realize returns on their investments."

Different from other drug therapies available in the U.S., NB S101 is a dual acting bone agent (DABA), designed to benefit patients by strengthening the bone in two ways, Osteologix added. Unlike the aggressive actions of other therapies, which can sometimes lead to brittle bones after several years of therapy, strontium is a moderate anti resorptive drug that also works to enhance bone mineralization giving the patients stronger, more fracture-resistant bones. Another key advantage researchers note is that strontium therapy is a choice for the significant number of women who cannot take or tolerate bisphosphonate treatment, (the largest class of drugs currently used to treat osteoporosis).

Osteologix said that it has already conducted two human studies in hundreds of subjects with NB S101 (strontium malonate) and is in the planning stages of further clinical development that will be conducted here, in the U.S., and around the world.

((Comments on this story may be sent to health@closeupmedia.com))

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