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GenSpera, Inc. (GNSZ-OTC) is one step closer to initiating its planned Phase II human clinical trial of its lead compound, G-202, in prostate cancer patients. On Tuesday, July 31, 2012, GenSpera announced that the U.S. Food and Drug Administration (FDA) cleared its Phase II trial for initiation. The Company expects to commence patient enrollment once it receives approval by the Institutional Review Boards for its six trial sites in the U.S. and the UK. The study could include up to 40 prostate cancer patients who failed previous hormonal therapy. GenSpera expects prostate cancer patients to particularly benefit from G-202 due to the drug’s ability to target slow-growing cancer cells.
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