A doctor from University College London works with multiple sclerosis patient Ailsa Guidi. Photo: MS Society
A doctor from University College London works with multiple sclerosis patient Ailsa Guidi. Photo: MS Society
A doctor from University College London works with multiple sclerosis patient Ailsa Guidi. Photo: MS Society
A doctor from University College London works with multiple sclerosis patient Ailsa Guidi. Photo: MS Society

World-first trial for patients with progressive MS launched in the UK


Neil Murphy
  • English
  • Arabic

Scientists in Britain have launched the world's first ever clinical trial for patients suffering from progressive multiple sclerosis (MS), which they say could transform the way treatments for the condition are tested.

The trial, called Octopus, is being conducted by researchers from University College London and could work three times faster than a traditional study.

It will test several drugs at once and use MRI scans to see if the medicines have the potential to protect the nerves of MS patients.

Drugs that do not look promising can be dropped from the trial, cutting the overall testing time, scientists say.

Millions of people around the world suffer from a progressive form of MS known as Late MS — Secondary Progressive MS (SPMS).

The condition, which affects the majority of MS patients, often develops 10 to 15 years after a diagnosis of the relapsing form of MS.

It is caused by degeneration of the nerves in the brain, something that occurs more rapidly than in other neurodegenerative conditions, such as Alzheimer’s and Parkinson’s.

Participants are now being screened at the first clinical trial site in London, but other locations are expected to open in major cities across the country.

UCL says its multi-arm, multi-stage study is the culmination of several years of work by scientists who have reviewed and ranked treatments according to their potential.

Researchers say they decided to focus on drugs used to treat other conditions that have shown the potential to protect patients' nerves.

The trial team specifically selected R/S alpha lipoic acid, which has been used to treat conditions such as diabetic neuropathy, and metformin, used to treat type 2 diabetes, as the first two drugs to be tested in the “arms” of Octopus.

Jeremy Chataway of the Institute of Neurology, who is leading the trial, said multi-arm, multi-stage studies have been “utterly transformative” in other conditions, and can now be applied to aid MS sufferers.

“Ultimately, Octopus will lead to more treatments for progression becoming available to people living with MS sooner,” he said.

“Getting to this stage has been an incredible effort of people up and down the country.

“The other large trial I am the chief investigator for, MS-STAT2, has shown we can run large-scale, nationwide trials for progressive MS. Now we’re taking it to the next level, as we start a new journey to develop treatments for progressive MS.”

The same approach used in Octopus was deployed to alter how men with prostate cancer are treated. The study took only 15 years compared with the more than 50 years it would have typically taken.

Ailsa Guidi, 47, who has suffered with MS for more than two decades, says being accepted into the trial has given her hope for the future.

“I feel excited that I’m joining a long line of people who have helped progress MS research,” she said.

“Octopus has the potential to find treatments for people, like me, living with progressive MS — it’s given me hope.”

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UAE currency: the story behind the money in your pockets
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TOURNAMENT INFO

Women’s World Twenty20 Qualifier

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Updated: April 05, 2023, 5:48 PM