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Nymox Pharmaceutical Corporation (NASDAQ:NYMX) (the "Company") is pleased to provide a mid-2nd quarter update on ongoing activities. The Company reported last month that it expects to submit an additional new submission for marketing approval of Nymozarfex, the Company's first in class molecular treatment for benign prostate enlargement (BPH). The Company expects to report further details once the application is submitted, which is expected this quarter as earlier announced. Nymozarfex (TM) is the first of its kind, as a painless long lasting BPH focally delivered molecular treatment with no long lasting adverse effects. Nymozarfex is given once in a convenient office administration lasting a few minutes, without catheter and without anesthesia.
Nymox is also pleased to report that it has gained a large number of new patent approvals in the past 12 months in jurisdictions around the world further reinforcing the Company's intellectual property protections for the technologies owned and developed by the Company.
Prostate enlargement (BPH) occurs as men get older and it is near the top of every list among the most prevalent conditions in the adult male population. BPH leads to a variety of bothersome urination problems and these can often become very serious if not brought under control. For many men unfortunately the outcome becomes that surgery is needed. BPH affects all adult male populations throughout the world and does not spare any race or region. As men get into their 70's and older, the prevalence in the male population of some degree of BPH is estimated to be in the 80 to 90% range. Frequent urination interrupts sleep and disrupts most normal activities. Dribbling and incontinence can occur. Inability to urinate can result in medical emergencies with catheterization in hospital. Total obstruction can cause renal damage and other serious complications. Most men who start oral medications stop the medications due to the unpleasant side effects. There is a great need for more satisfactory treatments.
The Company recently submitted its application for Marketing Authorization Application to the Danish authorities. The application to the Danish authorities was accepted for review in February 2023 and is under review at this time.
The Company will continue to keep shareholders informed on current developments in a timely manner.
Posted In: NYMX
