AlloStemspine is under clinical development by Creative Medical Technology and currently in Phase II for Chronic Low Back Pain (CLBP). According to GlobalData, Phase II drugs for Chronic Low Back Pain (CLBP) have a 57% phase transition success rate (PTSR) indication benchmark for progressing into Phase III. GlobalData’s report assesses how AlloStemspine’s drug-specific PTSR and Likelihood of Approval (LoA) scores compare to the indication benchmarks. Buy the report here.
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GlobalData tracks drug-specific phase transition and likelihood of approval scores, in addition to indication benchmarks based off 18 years of historical drug development data. Attributes of the drug, company and its clinical trials play a fundamental role in drug-specific PTSR and likelihood of approval.
AlloStemspine overview
The therapeutic candidate is under development for the treatment of chronic lower back pain. It comprises of perinatal tissue derived cells and is being developed based on AlloStem platform. It is administered by intramuscular route.
Creative Medical Technology overview
Creative Medical Technology (CELZ) is a commercial-stage biotechnology company that focused on regenerative medicine/stem cell technology in the fields of immunotherapy, urology, neurology, and orthopedics. CELZ is headquartered in Phoenix, Arizona, the US.
For a complete picture of AlloStemspine’s drug-specific PTSR and LoA scores, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Likelihood of Approval analytics tool dynamically assesses and predicts how likely a drug will move to the next stage in clinical development (PTSR), as well as how likely the drug will be approved (LoA). This is based on a combination of machine learning and a proprietary algorithm to process data points from various databases found on GlobalData’s Pharmaceutical Intelligence Center.
