Sareum Holdings (SAR)

Sector:

Pharma and Biotech

Index:

FTSE AIM All-Share

 26.25p
   
  • Change Today:
      0.000p
  • 52 Week High: 142.50
  • 52 Week Low: 10.25
  • Currency: UK Pounds
  • Shares Issued: 106.84m
  • Volume: 2,040,757
  • Market Cap: £28.05m
  • RiskGrade: 594

Sareum reports positive progress in psoriasis programme

By Josh White

Date: Thursday 15 Feb 2024

LONDON (ShareCast) - (Sharecast News) - Sareum announced significant milestones in its phase 1a clinical trial for SDC-1801, its lead programme aimed at addressing autoimmune diseases such as psoriasis, on Thursday.
The AIM-traded firm said the completion of the single ascending dose (SAD) phase and the food effect study marked progress in the development of the dual TYK2/JAK1 kinase inhibitor.

It said the phase 1a trial focussed on assessing the safety, tolerability, pharmacokinetics, and pharmacodynamics of SDC-1801 in healthy subjects.

Comprising single and multiple ascending dose studies, as well as a food effects study, the trial aimed to provide crucial insights into the therapeutic potential of SDC-1801.

Following the dosing of the final subjects in the SAD phase, preliminary data analysis revealed promising results.

The safety review committee's assessment indicated a favourable safety profile for SDC-1801, supporting its potential for once-daily oral dosing.

No serious adverse events were reported, suggesting the compound's safety and tolerability.

Additionally, the completion of the food effect study demonstrated that SDC-1801's blood levels remained consistent regardless of food intake.

That finding offered flexibility in dosing schedules for future clinical studies, enhancing the drug's usability and convenience.

While the multiple ascending dose study was ongoing, the company said it anticipated the availability of full safety data in the first half of 2024.

Pending satisfactory results and contingent on financing, regulatory approvals and recruitment, Sareum said it was planning to initiate a phase 1b clinical study.

The next phase aimed to enrol up to 24 psoriasis patients, with completion expected by the end of 2024.

"We're pleased to announce that Sareum has cleared an important milestone in this trial," said chief executive officer Dr Tim Mitchell.

"We are encouraged by the preliminary data from the SAD and food effect parts of the phase 1a trial for SDC-1801, which support our confidence in the trial and the broader clinical strategy."

Dr Mitchell said while they were preliminary results, if the firm continued to see the positive safety profile and pharmacokinetic data seen so far, that would underpin our planning for the phase 1b part of the study and beyond.

"We look forward to the data from the multiple ascending dose part of this trial, which will help us advance towards this critical next point in the study."

At 1257 GMT, shares in Sareum Holdings were up 11.73% at 41.9p.

Reporting by Josh White for Sharecast.com.

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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.

 

Sareum Holdings Market Data

Currency UK Pounds
Share Price 26.25p
Change Today 0.000p
% Change 0.00 %
52 Week High 142.50
52 Week Low 10.25
Volume 2,040,757
Shares Issued 106.84m
Market Cap £28.05m
RiskGrade 594

Sareum Holdings Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
49.44% below the market average49.44% below the market average49.44% below the market average49.44% below the market average49.44% below the market average
9.8% below the sector average9.8% below the sector average9.8% below the sector average9.8% below the sector average9.8% below the sector average
Price Trend
95.41% below the market average95.41% below the market average95.41% below the market average95.41% below the market average95.41% below the market average
92.86% below the sector average92.86% below the sector average92.86% below the sector average92.86% below the sector average92.86% below the sector average
Income Not Available
Growth Not Available

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Sareum Holdings Dividends

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Trades for 26-Apr-2024

Time Volume / Share Price
17:06 146,274 @ 26.25p
16:29 3,703 @ 26.05p
16:22 3,725 @ 26.00p
16:20 19,261 @ 26.00p
16:17 2,500 @ 26.35p

Sareum Holdings Key Personnel

CEO Timothy J Mitchell

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