Ampio: The Freezer Killed My Osteoarthritis Drug

Ampio Pharmaceuticals (AMPE) is blaming a mini Polar Vortex for blowing up a pivotal study of its osteoarthritis drug Ampion. 

Apparently, shipments of Ampion and a placebo were exposed to freezing temperatures before the phase III study began, which might have messed with the drug's efficacy and safety. Ampio only just discovered this problem, so analysis of the study results -- expected this quarter -- will now be delayed, or the entire study may have be thrown out, the company claims.

Wowza. I've seen plenty of lame excuses for failed clinical trials in my day, but "the freezer killed my drug" is certainly creative. 

Nonsensical, too. Let's unpack the absurdities.

Here's Ampio CEO Michael Macaluso trying to explain what happened:


Pivotal clinical trial drug specifications dictate precise temperature and handling conditions for all study drug product in order to assure that the conclusions about the safety and effectiveness of the tested drugs will be accurate and repeatable during routine clinical use.  During the review of all documentation following the unblinding of the Study, our CRO determined that there were multiple instances where the in-package temperature monitor fell significantly below the 15 degrees C minimum required.


Ampio only discovered the Ampion temperature problem after the phase III study was unblinded. This means Ampio has the study results but is choosing not to disclose. The only "delay" appears to be in telling investors the Ampion osteoarthritis study failed. 

What is so special about Ampion that it must be kept above 15 degrees Celsius? That's the equivalent of 59 degrees Fahrenheit. If Ampion requires refrigeration, as some drugs most definitely do, the storage temperature would be around 40 degrees Fahrenheit. Requiring storage above 15 degrees Celsius, or 59 degrees Fahrenheit, doesn't sound like a product which requires refrigeration. Is Ampio telling us that Ampion is so fragile that it can't tolerate being stored in temperatures below 59 degrees Fahrenheit?

More from Macaluso:

If you liked this article you might like

What Adam Feuerstein Got Right and Wrong About Biotech Stocks in 2016

7 Stocks Under $10 That Could Make You a Lot of Money

Ampio Pharmaceuticals (AMPE) Weak On High Volume Today

Why Ampio Pharma (AMPE) Stock Is Plummeting Today

Ampio Pharmaceuitcals (AMPE) Stock Spikes After Receiving FDA Special Protocol Assessment