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Degrees Pharmaceuticals to Sponsor Pre-Clinical Studies of Tafenoquine Use in Candida spp , Including Candida auris Candida auris (C. auris) is a dangerous drug-resistant fungal pathogen emerging in U.S. hospitals Tafeno

Key Takeaway: 60 Degrees Pharmaceuticals announced plans to sponsor pre-clinical studies investigating the use of tafenoquine against Candida spp, including multidrug-resistant Candida auris. Conducted by Monash University, the studies aim to assess tafenoquine's efficacy as a treatment for infections that can affect hospitalized patients. The urgency of this research is underscored by the increasing prevalence of drug-resistant infections, emphasizing the need for effective therapeutic options.

Market Sentiment Analysis

POSITIVE FACTORS

  • 60 Degrees Pharmaceuticals is sponsoring studies to explore tafenoquine's efficacy against a dangerous fungal pathogen.
  • The investigation aims to address the urgent medical need for effective treatments against drug-resistant Candida auris infections.
  • Tafenoquine shows promising antifungal activity based on previous research, indicating potential new therapeutic options.

CONCERNS & RISKS

  • There is ongoing concern regarding the emergence of drug-resistant strains of Candida auris.
  • The high mortality rate associated with C. auris infections poses a significant public health risk.

Full Press Release Details

60 Degrees Pharmaceuticals to Sponsor Pre-Clinical Studies of Tafenoquine
Use in Candida spp, Including Candida auris
Washington, D.C., February 20, 2024 - 60
Degrees Pharmaceuticals, Inc. (the "Company," "60P" or "60 Degrees Pharmaceuticals") (NASDAQ:
SXTP; SXTPW), specialists in developing and marketing medicines for infectious diseases, today announced it will, through its majority-owned
subsidiary 60P Australia Pty Ltd, sponsor a series of animal studies to investigate whether single dose parenteral administration of
tafenoquine exhibits efficacy against Candida spp, including Candida auris (C. auris). C. auris, a
strain of fungal yeast, is an emerging pathogen that poses risk of serious infection in the bloodstream and elsewhere, especially in
hospitalized patients.
The study will be conducted by Monash University in Melbourne, Australia,
beginning in the second quarter of 2024. Results are expected by the end of 2024.
Tafenoquine is the active ingredient in an anti-malarial approved
by the U.S. Food and Drug Administration (FDA) in 2018 and is indicated for the prophylaxis of malaria in patients aged 18 years of age
"The rapid transmission
of Candida auris in healthcare facilities is a very real threat and the need for a safe, effective treatment option
is becoming more urgent every day," said 60 Degrees Pharmaceuticals Chief Executive Officer and President, Geoff Dow. "This
important study could certainly yield valuable insights into how tafenoquine may be used toward that end. We are pleased to serve
as the study sponsor working with Monash University and look forward to reviewing results in coming months."
"It is well known that Candida
auris can cause severe illness in hospitalized patients," said Professor Anton Peleg, a Professor at Central Clinical School,
Monash University, and the principal investigator for the studies. "Even more concerning is the fact that many strains of this fungal
infection are now completely resistant to currently available therapies. We are optimistic that the results of our study using tafenoquine
will point the way toward development of a new treatment to address this clear, unmet medical need."
Microbes and New Infections recently published non-clinical study results showing tafenoquine exhibits broad spectrum
antifungal activity against several species of Candida, including C. auris, within in vitro broth culture. That research
was funded by the National Institute of Allergy and Infectious Diseases (NIAID), part of
the National Institutes of Health (NIH).
Like other 8-aminoquinoline antimalarials, tafenoquine is expected
to kill fungi by disrupting cellular responses to oxidative stress, differentiating it from other antifungals.
Candida auris (C. auris) is an
emerging fungus that presents a serious global health threat, according to the Centers for Disease Control and Prevention (CDC). C.
auris is often multi-drug-resistant, meaning that it is resistant to multiple antifungal drugs commonly used to treat Candida infections.
auris carries a high mortality rate, killing more than 1 in 3 people with infections. Infections often emerge in healthcare settings,
where people are particularly vulnerable. Rates are rising; the CDC reports annual cases of C. auris in the United States have
risen from fewer than 500 in 2019 to nearly 1,500 in 2023.
About ARAKODA (tafenoquine)
Tafenoquine was discovered by Walter
Reed Army Institute of Research. Tafenoquine was approved for malaria prophylaxis in 2018 in the United States as ARAKODA
and in Australia as KODATEF . Both were commercially launched in 2019 and are currently distributed through pharmaceutical wholesaler
networks in each respective country. They are available at retail pharmacies as a prescription-only malaria prevention drug.
According to the Centers for Disease Control
and Prevention, the long terminal half-life of tafenoquine, which is approximately 16 days, may offer potential advantages in less
frequent dosing for prophylaxis for malaria. ARAKODA is not suitable for everyone, and patients and prescribers should review the Important
Safety Information below.
Neither ARAKODA nor tafenoquine has
been approved by the FDA for treatment or prevention of fungal infections.
ARAKODA (tafenoquine)
Important Safety Information
antimalarial indicated for the prophylaxis of malaria in patients aged 18 years of age and older.
ARAKODA should not be administered
Warnings and Precautions
Adverse Reactions: The most common
adverse reactions (incidence greater than or equal to 1 percent) were: headache, dizziness, back pain, diarrhea, nausea, vomiting, increased
alanine aminotransferase, motion sickness, insomnia, depression, abnormal dreams, and anxiety.
Avoid co-administration with drugs that are
substrates of organic cation transporter-2 or multidrug and toxin extrusion transporters.
Use in Specific Populations
Lactation: Advise women not to breastfeed
a G6PD-deficient infant or infant with unknown G6PD status during treatment and for 3 months after the last dose of ARAKODA.
To report SUSPECTED ADVERSE REACTIONS, contact
60 Degrees Pharmaceuticals at 1- 888-834-0225 or FDA at 1-800-FDA-1088 or www.fda.gov/medwatch. ARAKODA full prescribing
information is here.
About 60 Degrees Pharmaceuticals, Inc.
60 Degrees Pharmaceuticals, Inc., founded
in 2010, specializes in developing and marketing new medicines for the treatment and prevention of infectious diseases that affect the
lives of millions of people. 60 Degrees Pharmaceuticals achieved FDA approval of its lead product, ARAKODA (tafenoquine)
for malaria prevention, in 2018. 60 Degrees Pharmaceuticals also collaborates with prominent research organizations in the U.S., Australia
and Singapore. The 60 Degrees Pharmaceuticals mission has been supported through in-kind funding from the United States Department of
Defense and private institutional investors including Knight Therapeutics Inc., a Canadian-based pan-American specialty pharmaceutical
company. 60 Degrees Pharmaceuticals is headquartered in Washington D.C., with a majority-owned subsidiary in Australia. Learn more at
Cautionary Note Regarding Forward-Looking
This press release may contain "forward-looking
statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking
statements reflect the current view about future events. When used in this press release, the words "anticipate," "believe,"
"estimate," "expect," "future," "intend," "plan," or the negative of these
terms and similar expressions, as they relate to us or our management, identify forward-looking statements. Forward-looking statements
are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and
assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy
and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks
and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial
condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these
forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those
indicated in the forward-looking statements include, among others, the following: there is substantial doubt as to our ability to continue
on a going-concern basis; we might not be eligible for Australian government research and development tax rebates; if we are not able
to successfully develop, obtain FDA approval for, and provide for the commercialization of non-malaria prevention indications for tafenoquine
(ARAKODA or other regimen) or Celgosivir in a timely manner, we may not be able to expand our business operations; we
may not be able to successfully conduct planned clinical trials; and we have no manufacturing capacity which puts us at risk of lengthy
and costly delays of bringing our products to market. More detailed information about the Company and the risk factors that may affect
the realization of forward-looking statements is set forth in the Company's filings with the Securities and Exchange Commission (SEC),
including our Annual Report on Form 10-K and our subsequent Quarterly Reports on Form 10-Q. Investors and security holders are urged to
read these documents free of charge on the SEC's web site at www.sec.gov. As a result of these matters, changes in facts, assumptions
not being realized or other circumstances, the Company's actual results may differ materially from the expected results discussed
in the forward-looking statements contained in this press release. Any forward-looking statement made by us in this press release is based
only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly
update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information,
future developments or otherwise.

Frequently Asked Questions

What is the focus of the upcoming tafenoquine studies?

The studies will evaluate tafenoquine's efficacy against Candida spp, including C. auris.

When will the tafenoquine studies start?

The studies will commence in the second quarter of 2024.

Who is sponsoring the tafenoquine studies?

60 Degrees Pharmaceuticals, through its subsidiary 60P Australia Pty Ltd, is the sponsor.

What is the primary concern regarding Candida auris?

Candida auris poses a serious threat, particularly in healthcare settings, due to its resistance to treatments.

Is tafenoquine approved for fungal infections?

No, tafenoquine is not approved by the FDA for the treatment of fungal infections.

Last updated: Feb 20, 2024