Syncona Limited NPV (SYNC)

Sector:

Investment Firms

Index:

FTSE 250

 122.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 162.20
  • 52 Week Low: 106.20
  • Currency: UK Pounds
  • Shares Issued: 652.48m
  • Volume: 452,514
  • Market Cap: £796.02m
  • RiskGrade: 291
  • Beta: 0.03

Syncona's Freeline makes progress in dose-finding trials

By Josh White

Date: Wednesday 10 Nov 2021

LONDON (ShareCast) - (Sharecast News) - Healthcare company Syncona announced new data from its portfolio company Freeline Therapeutics' ongoing phase 1 and 2 'MARVEL-1' dose-finding clinical trial of 'FLT190' for the treatment of Fabry disease on Wednesday, with the second patient dosed generating "encouraging" data.
The FTSE 250 firm said the patient remained off enzyme replacement therapy more than 16 weeks post-dosing, while the first patient showed durable expression of the key enzyme, which was absent or "markedly deficient" in patients, over two years with "promising" efficacy.

It said the third patient in the trial for Fabry's disease would be dosed at the same level as the second patient, with additional safety monitoring after a case of "mild and transient" myocarditis was observed.

Freeline was evaluating whether additional studies would be required to enable the business to progress Haemophilia A into the clinic, and the necessity of conducting the additional studies.

The company said its outlook was for three clinical studies by the end of the calendar year, and multiple data read-outs in 2022, with Freeline on track to report long-term durability data from the phase 1 and 2 dose-finding trial for Haemophilia B by the end of this year.

It said the Haemophilia B phase 1 and 2 dose-confirmation study would now start in the first quarter of 2022, instead of by the end of 2021, as the business engaged with regulatory authorities to update study protocols.

In the phase 1 and 2 trial for Fabry's disease, the company was expecting to continue patient dosing in the first quarter of 2022, with further interim data outs from the study expected next year.

Syncona said Freeline was on target for trial site initiation for the phase 1 and 2 study for Gaucher Type 1 by the end of 2021 as well, with data read-outs from the trial expected in 2022.

"We are pleased that Freeline has been able to re-initiate clinical studies and are encouraged by the data generated by the second patient dosed in the phase 1 and 2 Fabry's study," said Chris Hollowood, chief investment officer at Syncona Investment Management and chair of Freeline.

"We are fully supportive of the safety protocols recommended by the data monitoring committee and look forward to seeing further progress from this study."

Hollowood said that by the end of the calendar year, the business would have three live clinical studies with the expected site initiation of its phase 1 and 2 programme for Gaucher's disease and multiple data read-outs expected across those programmes in 2022, with the potential to drive value for the business.

"We remain excited by the potential of the therapies the company is developing to have a meaningful impact on the lives of patients."

At 0909 GMT, shares in Syncona were up 0.24% at 201.48p.

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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.

 

SYNC Market Data

Currency UK Pounds
Share Price 122.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 162.20
52 Week Low 106.20
Volume 452,514
Shares Issued 652.48m
Market Cap £796.02m
Beta 0.03
RiskGrade 291

SYNC Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
Market averageMarket averageMarket averageMarket averageMarket average
61.07% above the sector average61.07% above the sector average61.07% above the sector average61.07% above the sector average61.07% above the sector average
Price Trend
Market averageMarket averageMarket averageMarket averageMarket average
80.24% below the sector average80.24% below the sector average80.24% below the sector average80.24% below the sector average80.24% below the sector average
Income Not Available
Growth
Market averageMarket averageMarket averageMarket averageMarket average
87.62% below the sector average87.62% below the sector average87.62% below the sector average87.62% below the sector average87.62% below the sector average

SYNC Dividends

  Latest Previous
  Final Final
Ex-Div 21-Jun-18 20-Jul-17
Paid 30-Jul-18 23-Aug-17
Amount 2.30p 2.30p

Trades for 02-May-2024

Time Volume / Share Price
16:41 54,709 @ 122.00p
16:41 45,873 @ 122.00p
16:35 106,136 @ 122.00p
16:35 1,186 @ 122.00p
16:35 11,704 @ 122.00p

SYNC Key Personnel

Chair Melanie Gee

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