Synairgen (SNG)

Sector:

Pharma and Biotech

Index:

FTSE AIM All-Share

6.49p
   
  • Change Today:
    -0.100p
  • 52 Week High: 11.50p
  • 52 Week Low: 4.88p
  • Currency: UK Pounds
  • Shares Issued: 201.37m
  • Volume: 203,677
  • Market Cap: £13.07m
  • RiskGrade: 510

Synairgen falls as patient recruitment halted on Covid-19 trial

By Josh White

Date: Thursday 17 Mar 2022

LONDON (ShareCast) - (Sharecast News) - Inhaled antiviral treatment developer Synairgen said on Thursday that the US National Institute of Allergy and Infectious Diseases (NIAID) has halted all patient recruitment in its phase 2 and 3 Covid-19 trial, which included the assessment of its 'SNG001' treatment.
The AIM-traded firm said the halt was due to the "significant shift" in the nature of the pandemic, which would necessitate a "substantial modification" of the study design.

Such a modification was not feasible in the multiple treatment arm platform trial.

Synairgen said due to the changes in the pandemic, a new clinical trial design would be needed to evaluate the efficacy of SNG001 against Covid-19.

As a result, lead investigators from the ACTIV-2 trial team and Synairgen were in ongoing discussions, to try to identify an appropriate clinical trial to continue the evaluation of SNG001.

The company said the National Institutes of Health (NIH)-led ACTIV-2 trial was designed to investigate potential therapies in non-hospitalised adults experiencing mild-to-moderate Covid-19.

SNG001 was included in the study in February 2021, with the independent data safety monitoring board recommending it advance from phase 2 to phase 3 in October.

"Conducting clinical trials in the time of Covid-19 is challenging but as important now as at the start of the pandemic," said chief executive officer Richard Marsden.

"Even with an improved standard of care, there remains a critical need to prevent progression to severe disease and death.

"As such, we are actively seeking inclusion in platform trials for hospitalised patients and are working closely with the NIH to also find a suitable trial for SNG001 in home-based patients."

At 1216 GMT, shares in Synairgen were down 18.23% at 21.26p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Synairgen Market Data

Currency UK Pounds
Share Price 6.49p
Change Today -0.100p
% Change -1.52 %
52 Week High 11.50p
52 Week Low 4.88p
Volume 203,677
Shares Issued 201.37m
Market Cap £13.07m
RiskGrade 510

Synairgen Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
58.87% above the market average58.87% above the market average58.87% above the market average58.87% above the market average58.87% above the market average
69.81% above the sector average69.81% above the sector average69.81% above the sector average69.81% above the sector average69.81% above the sector average
Price Trend
72.81% below the market average72.81% below the market average72.81% below the market average72.81% below the market average72.81% below the market average
15.79% below the sector average15.79% below the sector average15.79% below the sector average15.79% below the sector average15.79% below the sector average
Income Not Available
Growth Not Available

Synairgen Dividends

No dividends found

Trades for 26-Apr-2024

Time Volume / Share Price
16:29 20 @ 6.21p
16:27 27 @ 6.21p
15:37 13,560 @ 6.74p
14:53 7,383 @ 6.30p
14:51 917 @ 6.21p

Synairgen Key Personnel

CEO Richard J Marsden

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