SOUTH SAN FRANCISCO, Calif., March 13, 2017 (GLOBE NEWSWIRE) -- Global Blood Therapeutics, Inc. (GBT) (NASDAQ:GBT) today reported business progress and financial results for the fourth quarter and year ended December 31, 2016.
"2016 was a year of consistent execution and rapid advancement across both of our GBT440 clinical programs designed to treat diseases where the patient communities are greatly underserved. This was highlighted by coming to agreement with the FDA on the design of our pivotal HOPE Study in patients with sickle cell disease (SCD). The HOPE Study is a uniquely designed trial that has a strong grounding in GBT440’s mechanism of action, including its potential to fundamentally modify the course of the disease by inhibiting sickle hemoglobin polymerization,” said Ted W. Love, M.D., president and chief executive officer of GBT. “In 2017, we will remain focused on advancing both our SCD and idiopathic pulmonary fibrosis (IPF) programs. We will continue to enroll patients in our pivotal HOPE Study, as well as reporting data from our three ongoing studies that support our IPF program -- two Phase 2a trials in IPF patients and a Phase 1 study evaluating the effect of GBT440 on oxygen saturation in healthy volunteers. Given our recent financing we expect our cash and investments as well as proceeds from the financing will allow us to fund all currently planned activities through the announcement of topline data from our SCD pivotal study.”
"2016 was a year of consistent execution and rapid advancement across both of our GBT440 clinical programs designed to treat diseases where the patient communities are greatly underserved. This was highlighted by coming to agreement with the FDA on the design of our pivotal HOPE Study in patients with sickle cell disease (SCD). The HOPE Study is a uniquely designed trial that has a strong grounding in GBT440’s mechanism of action, including its potential to fundamentally modify the course of the disease by inhibiting sickle hemoglobin polymerization,” said Ted W. Love, M.D., president and chief executive officer of GBT. “In 2017, we will remain focused on advancing both our SCD and idiopathic pulmonary fibrosis (IPF) programs. We will continue to enroll patients in our pivotal HOPE Study, as well as reporting data from our three ongoing studies that support our IPF program -- two Phase 2a trials in IPF patients and a Phase 1 study evaluating the effect of GBT440 on oxygen saturation in healthy volunteers. Given our recent financing we expect our cash and investments as well as proceeds from the financing will allow us to fund all currently planned activities through the announcement of topline data from our SCD pivotal study.”
