RALEIGH, N.C., Feb. 17, 2011 (GLOBE NEWSWIRE) -- DARA BioSciences, Inc. (Nasdaq:DARA), a biopharmaceutical development company, will be presenting at The Wall Street Analyst Forum 22nd Annual Analyst Conference on March 1. The conference will be held at The University Club (1 West 54th Street) in New York City.
Richard Franco, Chairman & CEO of DARA BioSciences, is scheduled to present at 1:35 pm EST. Conference participants may arrange one-on-one meetings in advance. For additional information or to schedule a one-on-one meeting with DARA at this event, please contact Lynn Morris at firstname.lastname@example.org/919.861.0187.
Interested parties can access a live web cast of the presentation at http://www.wsw.com/webcast/wsaf18/dara or through the Company's website at www.darabio.com . A replay of the presentation will be available at the same location for three months.About DARA BioSciences, Inc. DARA BioSciences, Inc. is a Raleigh, North Carolina based biopharmaceutical development company that acquires promising therapeutic candidates and develops them through proof of concept in humans for subsequent sale or out-licensing to larger pharmaceutical companies. Presently DARA has two drug candidates with cleared IND (Investigational New Drug) Applications from the United States FDA. The Company has a pipeline of diverse drug candidates at various stages of development, with 82 granted patents and 56 pending applications (US and foreign). The first drug candidate KRN5500 has successfully completed a Phase 2 clinical trial treating neuropathic pain in patients with cancer. KRN5500 met its primary endpoint and was statistically significantly (p=0.03) better than placebo. A second Phase 2 clinical trial is planned during the first half of 2011. The second drug candidate DB959 is a highly selective, non-thiazolidinedione (TZD), first-in-class dual PPAR (peroxisome proliferator activated receptor) delta/gamma agonist in development for type 2 diabetes. A Phase 1a clinical study for DB959 was successfully completed in 2010 with a multiple ascending dose trial planned for the first half of 2011. In addition, DARA owns CPT-1 inhibitors intended for topical application for patients with psoriasis, a library of DDPIV inhibitors and a diverse library of approximately 1800 PPAR agonists of various molecular modalities. PPAR receptors are found throughout the human body and recent publications report that PPAR agonists may be useful in the treatment of Alzheimer's disease, cystic fibrosis, liver disease, and a variety of autoimmune diseases. Because its diverse PPAR library has the potential to address the unmet medical needs of these diseases, the Company plans to explore several of these indications.
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