Summary by Moomoo AI
Breakthrough Pharmaceutical-B (Pioneer Pharmaceuticals Co., Ltd.) announces that its independently developed China Phase II clinical trial for the treatment of male hair loss GT20029 has reached the main research end and demonstrated statistical and clinical significance, good safety and tolerability. The trial was a multi-center, randomized, double-blind, placebo-controlled study led by Professor Yang Qin-ping, Huashan Hospital, Fudan University, and included 180 male hair loss patients. GT20029 showed significant hair growth effects after 12 weeks of treatment compared to placebo. THE COMPANY PLANS TO PURSUE A FOLLOW-UP CLINICAL STRATEGY BASED ON THESE RESULTS, INCLUDING PHASE III CLINICAL TRIALS IN CHINA AND PHASE II IN THE UNITED STATES. GT20029 is the world's first new topical AR degradation agent developed on the basis of the company's proprietary PROTAC platform and is planned to be used to treat hair loss and acne. The Company reminds shareholders and potential investors that GT20029 cannot ensure the successful development and eventual sale of GT20029. It should exercise caution when buying and selling the shares.