They said they are doing a two year study before they start Phase 2? This company is ridiculous. Man I remember when I first got tinnitus, this was one of the only companies creating a drug, and now it's going to be the last, literally. This company is one of the slowest companies I have ever heard of. If they did Phase 1 in 2014, how much longer do they need lol.
Gonna make us wait 15 years for this drug to come out. Seems like they're still not sure it actually works. Idk, I wish they had more data on it, not just mice testing. They need to speed things up.
To speed things up takes money. We are a non-profit that relies on government funding and private donations. The two-year proof-of-concept study has several objectives. I will post what milestones we have accomplished in another post.
To help you better understand what is happening, imagine you run a biotech firm, and 1 out of 10 trials you furnish will fail. Now, HEI comes to you with a drug that has data to support it with SNHL, ototoxicity, and tinnitus. As a biotech firm and part of the FDA approval process, you have to pick one clinical indication to fund for each trial. You can run three trials at $10M a piece or you can collect all the pre-clinical data you can and make an informed decision, reduce your risk of loss, and intentionally choose the indication that is most likely to get FDA approved.
The POC study was requested to see if it worked on chronic tinnitus, to have a larger study done to see if it still works, and other factors - before the Biotech firm decides where to invest $10M; in the clinical indication of tinnitus or some other indication.
You can see that they can move forward right now with any indication they want. They are choosing to play it safe. Also, FYI, the POC study costs $735,000. $300K was supplied thanks to the state of Oklahoma through an OCAST grant, and $300K from the biotech firm.
If you ask me - that says all anyone really needs to know about the science and HEI. We are real researchers, doing real research, for real solutions. If you think non-profits can just get grant money from the government without good science - you are mistaken.