Anacor Pharmaceuticals (ANAC) Enrolls First Patient for Phase IIb Trial for Psoriasis Treatment

QualityStocks would like to highlight Anacor Pharmaceuticals (NASDAQ: ANAC), a biopharmaceutical company focused on discovering, developing, and commercializing novel small-molecule therapeutics derived from its boron chemistry platform.

In the company’s news Friday,

Anacor Pharmaceuticals announced that the first patient has been enrolled for the phase IIb trial of the company’s topical anti-inflammatory product, AN2728, for the treatment of psoriasis.

AN2728 inhibits the activity of phosphodiesterase-4 (PDE4), which reduces the precursors associated with inflammation with psoriasis. Anacor will conduct the phase IIb trial to evaluate the safety and efficacy of AN2728 in patients with mild to moderate plaque-type psoriasis and will be conducted under anticipated phase III conditions.

Anacor plans to enroll 60 patients with mild to moderate plaque-type psoriasis who will be randomized to 2% AN2728 topical ointment or vehicle in a 2:1 ratio, administered twice daily for 12 weeks. The company expects results of the phase IIb trial in the second half of 2011.

Anacor also announced the results of its phase I absorption trial for AN2728, which evaluated the topical pharmacokinetics, systemic safety, and local tolerability in 16 healthy volunteers. The company reported that 2% AN2728 topical ointment was well-tolerated, with no serious or adverse side effects reported.

David Perry, CEO of Anacor, said previous trials have shown AN2728’s potential for psoriasis treatment.

“AN2728 has reached its key endpoints in the seven clinical trials we have conducted thus far,” Perry stated in the press release. “With the encouraging results from the phase I absorption trial and the timely dosing of the first patient in this phase IIb trial, we are on track with our plan to develop a novel, safe and effective topical therapy for the millions of patients who suffer from psoriasis.”

About QualityStocks

QualityStocks, based in Scottsdale, Arizona, is a free service that collects data from hundreds of Small-Cap and Micro-Cap online Investment Newsletters into one Daily Newsletter Report. QualityStocks is dedicated to assisting emerging public companies with their investor communication efforts and connecting subscribers with companies that have huge potential to succeed in the short and long-term future.

To sign up for “The QualityStocks Daily Newsletter” please visit www.QualityStocks.net

Please see disclaimer on QualityStocks website: http://Disclaimer.QualityStocks.net

Forward-Looking Statement:

This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.