Article: Axonyx Starting Phase III Study Of Phenserine For Alzheimer's.

National Editor

Hoping to back up the positive data yielded from a Phase II trial, Axonyx Inc. began a Phase III trial in Europe of its Alzheimer's disease drug Phenserine, an acetylcholinesterase and beta-amyloid peptide inhibitor.

"This is pretty exciting," said Matt Kaplan, analyst with Punk, Ziegel & Co. in New York. "It's a new drug that could have an impact on disease progression."

Several existing acetylcholinesterase inhibitors address the symptoms and can improve short-term memory, but do not slow the disease, he added.

The randomized, placebo-controlled, double-blind trial will evaluate the safety and efficacy of two ...

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