The Safety Review Committee for this study has reviewed all the available safety and PK data and concluded that the dose level achieved did not provoke any serious adverse event but mild to moderate events that made further dose increases in the healthy volunteers not an option. At the same time the Committee decided to move on with the MAD study part on the planned dose level that did not induce any adverse event in the SAD study. This is a major step forward for the development and the phase I study.

Biosergen's CEO Peder M. Andersen comments:
"We are very exited that we did not see any adverserse reaction on the kidneys and also no effect on the liver parameters, which was a key point for us in the development of BSG005. We are very happy that we can now move into the MAD part of the phase I study and see how a 7 day infusion will work.  Biosergen is at an exciting stage. We are on a good track with our clinical phase 1 trial. We are  planning new trials and in parallel optimizing manufacturing. With the current and ongoing capital raise, which has been successful so far with pre-subscription of 70% of our goal, Biosergen will be able to ccomplete the phase I and initiate the next trials to prove the efficacy of BSG005."