Processa Pharmaceuticals (NASDAQ: PCSA), a clinical-stage pharmaceutical company focused on developing the next generation of chemotherapeutic drugs to improve the efficacy and safety for patients suffering from cancer, has released a shareholder letter from CEO Georg Ng. In the letter, Ng notes that because he was recently appointed CEO, he wanted investors to get a corporate update from the “new voice.” Ng confirmed that the company’s focus on the development of next-generation chemotherapy (“NGC”) agents will not change as chemotherapy drugs remain an important and viable treatment option for cancer. Ng noted that issues and limitations are often associated with the use of chemotherapy and that Processa can address these challenges by providing patients with potentially safer and more effective chemotherapy treatments through NGCs. The letter included an overview of the three NGCs currently in development: NGC-Capecitabine (PCS6422), NGC-Gemcitabine (PCS3117) and NGC-Irinotecan (PCS11T).
He also articulated Processa’s forward-looking vision, recapped the company’s experience team and provided an overview of the company’s stable financial situation and business development opportunities. “I feel that Processa is well-positioned for success and is uniquely positioned to disrupt and expand current chemotherapy and oncology therapeutics,” said Processa Pharmaceuticals CEO George Ng in the shareholder letter. “To that end, we are looking forward to our upcoming meeting with the FDA and to potentially releasing top-line data during the second half of December. Regarding Processa’s pivot to focus on oncology drug development, change forces adaptation that can be stewarded by effective leadership. My intention as the new CEO is to promote, encourage and facilitate advancement in the areas in which we excel. With our potentially revolutionary NGC drug products, Processa is poised to be a global leader in chemotherapy and oncology, and I am incredibly honored to have the opportunity to lead Processa through this transition and work to create shareholder value.”
To view the full press release, visit https://ibn.fm/0dxLu
About Processa Pharmaceuticals Inc.
Processa is a clinical-stage pharmaceutical company focused on developing next-generation chemotherapy (“NGC”) drugs to improve the safety and efficacy of cancer treatment. By combining Processa’s novel oncology pipeline with proven cancer-killing active molecules and the Processa Regulatory Science Approach as well as experience in defining optimal dosage regimens for FDA approvals, Processa not only will be providing better therapy options to cancer patients but also will increase the probability of FDA approval for its next-generation chemotherapy drugs. Processa’s NGC drugs are modifications of existing FDA-approved oncology drugs resulting in an alteration of the metabolism and/or distribution of these FDA-approved drugs while maintaining the existing mechanisms of killing the cancer cells. The company’s approach to drug development is based on more than 30 years of drug-development expertise to efficiently design and conduct clinical trials that demonstrate a positive benefit/risk relationship. Using its proven Regulatory Science Approach, the Processa team has experience defining the optimal dosage regimen using the principles of the FDA’s Project Optimus Oncology initiative. The advantages of Processa’s NGC drugs are expected to include fewer patients experiencing side effects that lead to dose discontinuation; more significant cancer response; and a greater number of patients, in excess of 200,000 for each NGC drug, who will benefit from each NGC drug. Currently under development are three next-generation chemotherapy oncology treatments: Next Generation Capecitabine (PCS6422 and capecitabine to treat metastatic colorectal, gastrointestinal, breast, pancreatic and other cancers), Next Generation Gemcitabine (PCS3117 to treat pancreatic, lung, ovarian, breast and other cancers), and Next Generation Irinotecan (PCS11T to treat lung, colorectal, gastrointestinal, pancreatic and other cancers). For more information, visit the company’s website at www.ProcessaPharma.com.
NOTE TO INVESTORS: The latest news and updates relating to PCSA are available in the company’s newsroom at https://ibn.fm/PCSA
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