In an Interview with Stock-Sector, Duke Explains How Pulmatrix's Innovative Technology is Targeting Major Unmet Medical Needs and has Potential to Bring the Company a Share of a $33 Billion Market
NEW YORK, NY / ACCESSWIRE / May 17, 2017 / Stock-Sector.com, an online source of news about promising medical, technology and energy companies, and CEOCFO Magazine, an independent investment publication that highlights important technologies and companies, today released an interview with William Duke, Jr., CFO of Pulmatrix, Inc., (NASDAQ: PULM).
Pulmatrix, a clinical stage biopharmaceutical company, is developing an inhaled therapy for treating fungal infections in patients suffering from severe lung disease (PUR1900) that has "blockbuster" potential, Bill Duke told Stock-Sector.
"The global market for inhaled products is expected to grow to be $33 billion by 2019," Duke explained. "So we believe that there is a significant opportunity to both serve patients and build a profitable company."
Pulmatrix's key innovation was the development of a new technology for delivering drugs to the lungs, called iSPERSETM. Other inhaled technologies have limitations, said Duke. "They leave too much drug behind in the device or stuck in the throat." That reduces efficacy and causes side effects.
Pulmatrix has solved these problems by creating tiny particles that look like raisins, with nooks and crannies. Because the particles are dense and don't stick together, "They fly easily in the lungs and can deliver virtually any type of drug," said Duke. Far more of the drug makes it to the lungs, where it is needed to treat disease, and far less sticks in the throat, causing the side effects.
Duke told Stock-Sector that Pulmatrix currently is developing an inhaled bronchodilator for chronic obstructive pulmonary disease, PUR0200, and an inhaled anti-fungal drug, PUR1900, for treating fungal infections in the lungs of patents with cystic fibrosis and severe asthma. Pilot studies show both product candidates deliver drugs to the lungs with very high efficiency. PUR1900 has also been granted orphan drug status and Qualified Infectious Disease Product (QIDP) status by the Food & Drug Administration and expects to pursue the 505(b)(2) regulatory pathway for regulatory approval, which may speed the path to market.
In addition, said Duke, "There are many opportunities for other drugs that can benefit from our iSPERSE technology."
All of this means a bright future for the company. "We are extremely excited about Pulmatrix's potential," said Duke.
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SOURCE: CEOCFO Magazine