NeurogesX Initiate Phase I of NGX-1998 Capsaicin Liquid Formulation

NeurogesX has initiated a Phase 1 clinical trial of NGX-1998, a high-concentration, capsaicin-based liquid formulation designed to deliver a localized therapeutic dose directly to the pain site.

GlaxoSmithKline license Actelions orexin receptor antagonist almorexant

Actelion and GlaxoSmithKline have entered into exclusive collaboration for development of orexin receptor antagonist almorexant. Almorexant is currently in phase III development as a treatment for primary insomnia.

Mithridion commences Phase I Trial of MCD-386 for Alzheimer’s Disease

Mithridion has commenced a Phase I clinical trial of its investigational drug MCD-386 in Alzheimers. MCD-386 appears to activate of muscarinic M1 type receptor subtypes.