Vital Therapies (VTL) Offers Corporate Update; Says 14 Subjects Enrolled in VTL-308

September 13, 2016 4:05 PM EDT

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Vital Therapies, Inc. (Nasdaq: VTL), a biotherapeutic company developing ELAD®, a cell-based therapy targeting the treatment of acute forms of liver failure, today provided a corporate update.

VTL-308 Enrollment Update

As of today, 14 subjects have been enrolled at sites in the USA and EU in VTL-308, the Company's phase 3 randomized, controlled, open-label trial, designed to evaluate the ELAD System in subjects with severe acute alcoholic hepatitis (sAAH). There are now 24 sites open for enrollment in VTL-308 in the USA and EU. The Company continues to expect to announce topline results in mid-2018.

Board Member Faheem Hasnain to Chair New Commercialization Committee

The Board has formed a Commercialization Committee to formulate a commercial strategy in anticipation of a positive outcome for its VTL-308 phase 3 clinical trial. The Committee will be chaired by recently appointed Board member Faheem Hasnain, formerly President and CEO of Receptos, Inc. and includes Board members JJ Bienaime, CEO of BioMarin Pharmaceutical Inc., Cheryl Cohen, formerly Chief Commercial Officer of Medivation, Inc., Phil Croxford, CEO of Gamma Medica Inc., and Doug Godshall, formerly CEO of Heartware Inc. The Company has no insight into the VTL-308 trial results other than enrollment progression, and none is expected before the anticipated mid-2018 topline readout.

Upcoming Scientific Presentations

The Company will be presenting two posters and making related presentations at the 17th International Symposium on Albumin Dialysis in Liver Disease taking place September 16 through September 18 in Rostock-Warnemunde, Germany. The first poster is titled “Hepatic Inflammation and Cellular Therapy.” The second poster is titled “VTL C3A Cell-Secreted Factors Reduce In Vitro Hepatocellular Injury via Multiple Mechanisms.” Both posters and their related presentations will be made available on Vital Therapies’ web site after they are presented.

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