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Mast Therapeutics Reports Fourth Quarter And Full Year 2012 Financial Results
Date:3/19/2013

SAN DIEGO, March 19, 2013 /PRNewswire/ -- Mast Therapeutics, Inc. (NYSE MKT: MSTX) today reported financial results for the fourth quarter and year ended December 31, 2012.

Brian M. Culley , Chief Executive Officer, said: "2013 will be an exciting year for Mast Therapeutics.  We already have accomplished several key objectives, including initiating a pivotal phase 3 clinical study in sickle cell disease, initiating a thorough QT study of MST-188, identifying multiple new development opportunities with MST-188 and announcing our plans to develop it in complications of arterial disease." 

Key objectives for the remainder of 2013 include:

  • Announcing results from the thorough QT/QTc study of MST-188, expected mid-year;
  • Soliciting FDA input on our planned phase 2 study in acute limb ischemia, expected in the third quarter;
  • Announcing results of nonclinical studies evaluating the physiologic significance of TEG results observed in prior nonclinical studies funded by the Defense Advanced Research Projects Agency (DARPA) Surviving Blood Loss (SBL) program, expected in the second half of the year;
  • Initiating a microvascular blood flow sub-study in EPIC, expected in the fourth quarter;
  • Initiating a phase 2 clinical proof-of-concept study of MST-188 in acute limb ischemia, expected in late 2013/early 2014;
  • Obtaining orphan drug designation for MST-188 for acute limb ischemia;
  • Submitting application(s) to request funding from the U.S. government to conduct a phase 2 clinical proof-of-concept study with MST-188 for resuscitation of shock following major trauma; and
  • Filling patent applications claiming key aspects of our proprietary manufacturing process. 
  • Mr. Culley continued: "Our strategy in arterial disease is to first demonstrate the utility of MST-188 in patients with acute limb ischemia, an ad
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    SOURCE Mast Therapeutics
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