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Adynxx to present at the 2017 BIO International Convention

SAN FRANCISCO, CALIF., May 19, 2017 – Don Manning, chief medical officer, will present at the 2017 BIO International Convention in San Diego, CA. Dr. Manning will present an overview of the Adynxx transcription factor decoy technology and introduce AYX1, Adynxx’s lead program for the reduction of acute pain and prevention of chronic pain. The presentation will take place at 11:30am on Wednesday June 21st in the San Diego Convention Center, Company Presentation Theater #3.

About Adynxx

Adynxx, located in San Francisco, California, is a clinical-stage pharmaceutical company developing a transformative technology platform addressing pain at its molecular roots – preventing the development of pain following surgery and resolving established chronic pain conditions. Adynxx’s unique approach is to transform pain management by approaching pain as a disease rather than a symptom.

Adynxx’s lead compound, AYX1, is an investigational drug designed to reduce acute post-surgical pain and prevent the transition to persistent or chronic pain with a single administration at the time of surgery. Adynxx has successfully demonstrated clinical efficacy in two Phase 2 clinical studies of AYX1 and is currently enrolling a final Phase 2 study to prepare for Phase 3 initiation in 2018. Additional AYX drug candidate compounds designed to address a range of intractable neuropathic and inflammatory pain syndromes are also in active development.

Adynxx Initiates ADYX-004, a Phase 2 Study of AYX1, Lead Compound for the Treatment of Post-Surgical Pain

ADYX-004 Study to Evaluate Safety and Efficacy of a Single Preoperative Dose of AYX1 for Subjects Undergoing Unilateral Total Knee Arthroplasty

 
SAN FRANCISCO, Calif., March 1, 2017 – Adynxx, a clinical stage biotechnology company developing a novel platform of first-in-class, disease-modifying pain therapeutics announced today that the first patient was dosed in a Phase 2 study of its lead product candidate, AYX1. The primary objectives of the study are to evaluate the safety and efficacy of a single, preoperative dose of AYX1 to reduce acute post-surgical pain and prevent chronic pain following surgery.

There are approximately 30 million inpatient surgical procedures performed annually in the United States and more than 70% of surgery patients experience moderate or severe post-surgical pain. Of those patients, fewer than half report adequate pain relief with currently available analgesics. In addition, depending on the surgical procedure, from 10% to more than 50% of patients will go on to develop chronic post-surgical pain. Although current therapies provide short-term relief of pain at rest following surgery, these therapies have limited effect on movement-evoked pain and do not prevent chronic post-surgical pain. Attempts to treat chronic post-surgical pain often include daily dosing of opioid-based medications that are associated with multiple adverse effects.

“In prior studies, a single preoperative administration of AYX1 provided a significant and sustained reduction in pain after surgery, and that includes both pain at rest and pain with movement,” said Donald C. Manning, M.D., Ph.D., Chief Medical Officer of Adynxx. “With this study, we have the opportunity to further demonstrate that AYX1 speeds recovery from post-surgical pain and prevents chronic pain for those patients who would otherwise go on to suffer intractable and potentially debilitating pain following surgery.”

The 200-subject, eleven-center, randomized double-blind, placebo-controlled study will follow subjects for 90 days following total knee arthroplasty, with a primary endpoint of reduced pain with walking from day 7 to 28 compared to placebo. Secondary endpoints include the percentage of subjects with moderate to severe pain at 90 days following surgery (a measure representing the prevention of chronic pain), reduction of pain at rest and reduced time to achieve adequate pain control. Further details of the study can be found at www.clinicaltrials.gov.

“Given the prevalence and severity of chronic pain following surgery, combined with the lack of safe, effective and non-addictive treatment options, we believe AYX1 can fundamentally transform the treatment paradigm for post-surgical pain,” added Rick Orr, Adynxx Chief Executive Officer. “This study will position us to rapidly advance AYX1 into Phase 3 and ultimately provide a much-needed therapy for the benefit of patients and doctors alike.”

About Adynxx

Adynxx, located in San Francisco, California, is a clinical-stage pharmaceutical company developing a transformative technology platform addressing pain at its molecular roots – preventing the development of pain following surgery and resolving established chronic pain conditions. Adynxx’s unique approach is to transform pain management by approaching pain as a disease rather than a symptom.

Adynxx’s lead compound, AYX1, is an investigational drug designed to reduce acute post-surgical pain and prevent the transition to persistent or chronic pain with a single administration at the time of surgery. Adynxx has successfully completed a safety Phase 1 and two proof-of-concept Phase 2 clinical studies of AYX1. Additional AYX drug candidate compounds designed to address a range of intractable neuropathic and inflammatory pain syndromes are also in active development.

About Domain Associates

Founded in 1985, Domain was one of the first venture capital firms to exclusively invest in the life sciences sector. Domain has been involved in the formation of more than 260 companies. Today, with more than $2.7 billion in capital raised, Domain is a proven healthcare venture capital leader with solid investment returns from companies built to advance human health.

About TPG Biotech

TPG Biotech is TPG's life science venture capital platform. With $1.2 billion in assets currently under management, TPG Biotech focuses on subsectors such as therapeutics, medical devices, and healthcare services. The TPG Biotech team, which includes experienced investors, physicians, scientists, and technical experts, partners with innovative companies and talented entrepreneurs to expand and create new businesses. Since 2002, TPG Biotech has invested in more than 50 life science businesses.

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Corporate and Media Contact

William Martin
Adynxx
(415) 512-7740
wmartin@adynxx.com

Adynxx Announces Closing of Series B Financing

$16M Series B Financing to Fund Phase 2 Study of AYX1 for the Prevention of Chronic Pain Following Surgery

 

SAN FRANCISCO, Calif., January 9, 2017 – Adynxx, developer of a first-in-class platform of therapeutics for the prevention and resolution of chronic pain, today announced that the company raised $16 million in a Series B financing round led by new investor TPG Biotech, with participation from existing investor Domain Associates. In conjunction with the financing, Heath Lukatch, Ph.D., Partner and Managing Director at TPG Biotech, joined the company’s Board of Directors.

Proceeds from the financing will be used to fund the continued development of the company’s lead program, AYX1 for the reduction of acute pain and prevention of chronic pain following surgery. In prior studies, AYX1 demonstrated a statistically significant and clinically meaningful reduction in pain with walking from day 7 to 28 compared to placebo, the primary post-discharge endpoint. The treatment effect was sustained throughout the 42-day study period, highlighting the unique pain-modifying properties of AYX1.

“We believe AYX1 has the potential to transform the treatment of post-surgical pain and be the first drug to prevent chronic pain following surgery. This financing positions the Adynxx team to further demonstrate the transformative therapeutic benefits of AYX1 and ready the compound for Phase 3,” said Dennis Podlesak, Chairman of the Adynxx Board of Directors. “In addition, we are delighted to be working with TPG in building Adynxx and to have Heath join the board of directors.”

Added Dr. Lukatch, “chronic pain following surgery is poorly treated by current therapeutics, including potentially addictive opioids, and represents a vast unmet medical need with serious individual and societal consequences. We are very pleased to be leading this round and to join Domain Associates in the continued development of AYX1 to fundamentally alter the treatment of post-surgical pain.”

About Adynxx

Adynxx, located in San Francisco, California, is a clinical-stage pharmaceutical company developing a transformative technology platform addressing pain at its molecular roots – preventing the development of pain following surgery and resolving established chronic pain conditions. Adynxx’s unique approach is to transform pain management by approaching pain as a disease rather than a symptom.

Adynxx’s lead compound, AYX1, is an investigational drug designed to reduce acute post-surgical pain and prevent the transition to persistent or chronic pain with a single administration at the time of surgery. Adynxx has successfully completed a safety Phase 1 and two proof-of-concept Phase 2 clinical studies of AYX1. Additional AYX drug candidate compounds designed to address a range of intractable neuropathic and inflammatory pain syndromes are also in active development.

About Domain Associates

Founded in 1985, Domain was one of the first venture capital firms to exclusively invest in the life sciences sector. Domain has been involved in the formation of more than 260 companies. Today, with more than $2.7 billion in capital raised, Domain is a proven healthcare venture capital leader with solid investment returns from companies built to advance human health.

About TPG Biotech

TPG Biotech is TPG's life science venture capital platform. With $1.2 billion in assets currently under management, TPG Biotech focuses on subsectors such as therapeutics, medical devices, and healthcare services. The TPG Biotech team, which includes experienced investors, physicians, scientists, and technical experts, partners with innovative companies and talented entrepreneurs to expand and create new businesses. Since 2002, TPG Biotech has invested in more than 50 life science businesses.

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Corporate and Media Contact

William Martin
Adynxx
(415) 512-7740
wmartin@adynxx.com