Tuesday's Biotech Watch List - Alliqua, BioCryst Pharmaceuticals, Trovagene, Delcath Systems, Array BioPharma

CORAL SPRINGS, Florida, July 23, 2013 /PRNewswire/ --

FinancialNewsMedia.com issues market news updates for today's active biotech companies: Alliqua, Inc. (OTCQB: ALQA), BioCryst Pharmaceuticals, Inc. (NASDAQ: BCRX), Trovagene, Inc. (NASDAQ: TROV), Delcath Systems, Inc. (NASDAQ: DCTH) and Array BioPharma Inc. (NASDAQ: ARRY)

Alliqua, Inc. (OTCQB: ALQA) Headline: Alliqua Initiates Proof-of-Principle Study of Transdermal Lidocaine Hydrogel Patch for Pain Relief.  Alliqua, Inc. today announced the initiation of a preclinical proof-of-principle study of an experimental hydrogel patch containing lidocaine. Safety and tolerability of Alliqua's lidocaine hydrogel patches will be explored in an animal model. Further, the pharmacokinetic profile will be analyzed to determine the amount of systemic absorption and local lidocaine concentration in the skin immediately beneath the patch. "The ease of use, stability and compatibility with active ingredients make our hydrogels well suited for the transdermal delivery of a variety of compounds, including pain medications like lidocaine," commented James Sapirstein, chief executive officer of Alliqua Biomedical. "Our lidocaine patch development program is just the first in our effort to build a portfolio of products that leverage our hydrogel platform. We believe success in this proof-of-principle study for our lidocaine patch would increase the likelihood of success with other compounds and greatly enhances our efforts in this area. Beyond lidocaine, the Alliqua Biomedical division plans to explore transdermal delivery of dermatological, oncology, antibiotic and neurology products." To read the entire press release, please go to http://www.financialnewsmedia.com/stock-investing-business-investing-news/featured-news.php?id=288

FNM Market News: Drug Delivery Technology Market - The $82 billion U.S. drug delivery market is showing no signs of saturation, with major patent expiries, generic competition, tightening Food and Drug Administration (FDA) regulations, and emerging drug delivery systems continuing to provide momentum. Among the 15 drug delivery systems surveyed by Frost & Sullivan, physicians prefer topical delivery, either as a transdermal patch or topical gel/cream, and expressed willingness to switch their current mode of therapy to one available in these forms.

BioCryst Pharmaceuticals, Inc. (NASDAQ: BCRX) today announced that the randomized, placebo-controlled, Phase 1 clinical trial of orally-administered BCX4161 in healthy volunteers successfully met all of its objectives. The safety, tolerability, drug exposure and on-target kallikrein inhibition results of this Phase 1 trial strongly support advancing the development program into a Phase 2a study in hereditary angioedema (HAE) patients.  Overall, 87 healthy volunteers completed the study; 30 received a single dose of BCX4161 from 50 mg up to 1000 mg, 40 subjects received 100 mg, 200 mg, 400 mg, or 800 mg BCX4161 every eight hours for seven days, and 17 received a placebo.

Trovagene, Inc. (NASDAQ: TROV) announces that results emerging from ongoing clinical studies have confirmed the broad applicability of Trovagene technology across a variety of cancer types, and the successful development of a molecular diagnostic test capable of detecting and quantifying oncogene mutations from a simple urine specimen.  The ability to regularly detect and monitor the results of cancer treatment through a non-invasive, systemic sample could significantly help patients who require therapy for recurrent or metastatic cancer.

Delcath Systems, Inc. (NASDAQ: DCTH) today announced that it will host a conference call and webcast on Tuesday, August 6, 2013 at 4:30 p.m. ET to discuss its financial results for the second quarter of 2013 ended June 30, 2013, and provide an update on recent corporate progress. The dial-in numbers for the conference call are 866-804-6922 (U.S. participants) and 857-350-1668 (international participants); both numbers require passcode 85959025. To access the live webcast, go to the Events & Presentations page on the Investor Relations section of the Company's website at http://www.delcath.com/investors/events/.

Array BioPharma Inc. (NASDAQ: ARRY) will report top-line results from a placebo-controlled, randomized, double--blind Phase 2 trial in mild to moderate persistent allergic asthma for ARRY-502, an oral CRTh2 antagonist and hold a conference call to discuss those results on Tuesday, July 23, 2013. Ron Squarer, Chief Executive Officer, will lead the call. Array BioPharma Array BioPharma Inc. is a biopharmaceutical company focused on the discovery, development and commercialization of targeted small molecule drugs to treat patients afflicted with cancer.

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