By Iain Gilbert
Date: Thursday 06 Sep 2018
LONDON (ShareCast) - (Sharecast News) - ValiRx told investors on Thursday that its clinical-stage therapeutics had continued to demonstrate "significant potential" for addressing unmet medical needs in oncology.
The AIM-listed biotech received confirmation earlier this week that principal investigators had approved and signed a clinical study report on VAL 401, the group's oral treatment of late-stage non-small cell lung adenocarcinoma.
ValiRx revealed it was in detailed discussions regarding a pivotal phase three clinical trial on the drug, with first dosing expected to take place next year.
In other developments, the VAL 201 phase one/two clinical trial for patients affected by hormone-sensitive and hormone-resistant prostate cancer has shown the compound was consistently high in safety and tolerability, with signs of efficacy throughout its clinical study.
Chief executive Dr Satu Vainikka said: "Since the pharmaceutical industry is increasingly looking for novel new therapies in the oncology arena, I believe we are in a new and very exciting phase."
As of 0900 BST, ValiRx shares had slumped 6.68% to 2.33p.
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Currency | UK Pounds |
Share Price | 3.25p |
Change Today | 0.000p |
% Change | 0.00 % |
52 Week High | 14.13 |
52 Week Low | 3.20 |
Volume | 63,583 |
Shares Issued | 132.35m |
Market Cap | £4.30m |
RiskGrade | 435 |
Value |
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Price Trend |
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Income |
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Growth |
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No dividends found |
Time | Volume / Share Price |
16:21 | 8,692 @ 3.20p |
16:07 | 11,683 @ 3.20p |
14:31 | 1,000 @ 3.20p |
13:02 | 6 @ 3.20p |
12:41 | 5,256 @ 3.20p |
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