Two-year delay for BTG's Varisolve drug
Tuesday 02 December 2003
BTG, the technology group privatised in 1992, says it must carry out additional studies before US trials of its revolutionary varicose veins treatment can resume, delaying its launch by two years.
The company, whose shares lost 60 per cent of their value when US regulators halted human trials last month, revealed the gloomy prognosis with its interim results yesterday, saying it might postpone plans to launch the treatment in the smaller European market in 2005.
Ian Harvey, BTG's chief executive, said Varisolve - an injectable foam that destroys varicose veins without surgery - had attracted concern because parts of the foam were found to have entered the bloodstream.
The company will have to carry out animal tests and other laboratory work to reassure the US Food and Drug Administration that these discoveries do not mean the treatment is unsafe. Human trials will not now be completed until 2007, implying a US launch a year later.
Mr Harvey said he was seeking to meet European regulators to see if they shared the FDA's concerns. The future of the more advanced European trial programme would be examined at that meeting and the company would then consider how or whether it should manufacture the product in Europe before a launch in the more profitable US market.
- 1 This restaurant has misunderstood the concept of 'cheese and biscuits'
- 2 Delhi bus rapist blames dead victim for attack because 'girls are responsible for rape'
- 3 PornHub turns masturbation into energy in bid to save the planet
- 4 Have sex with your iPad thanks to the new sex toy no-one asked for
- 5 The 'sex selfie stick' lets you FaceTime the inside of a vagina
Delhi bus rapist blames dead victim for attack because 'girls are responsible for rape'
PornHub turns masturbation into energy in bid to save the planet
Spiritual leader allegedly manipulated 400 men into removing testicles to be 'closer to God'
The 'sex selfie stick' lets you FaceTime the inside of a vagina
'This is what Islam tells us to do': A rare glimpse inside a Saudi Arabian prison – where Isis terrorists are showered with perks and privileges
New theory could prove how life began and disprove God
'Jihadi John': CAGE representative storms off Sky News accusing Kay Burley of Islamophobia
This is what it's like to be dead, according to a guy who died for a bit
Ukip would cut billions from Scottish budget to fund English tax cuts
Nearly 100,000 of Britain's poorest children go hungry after parents' benefits are cut
End of the licence fee: BBC to back radical overhaul of how it is funded
iJobs Money & Business
£20000 - £21000 per annum + uncapped commission: SThree: As a graduate you are...
£25000 - £30000 per annum + benefits: Ashdown Group: A global leader operating...
£15000 - £16000 per annum: Recruitment Genius: A Customer Service Advisor is r...
£22000 per annum + pension,bonus,career progression: Ashdown Group: An establi...