Destiny Pharma (DEST)

Sector:

Pharma and Biotech

Index:

FTSE AIM All-Share

16.25p
   
  • Change Today:
    -0.50p
  • 52 Week High: 82.00
  • 52 Week Low: 14.67
  • Currency: UK Pounds
  • Shares Issued: 95.31m
  • Volume: 1,536,814
  • Market Cap: £15.49m
  • RiskGrade: 410

Destiny Pharma gets positive feedback from EMA on new antibiotic treatment

By Iain Gilbert

Date: Wednesday 07 Sep 2022

LONDON (ShareCast) - (Sharecast News) - Clinical stage biotechnology company Destiny Pharma has received "positive feedback" from the European Medicine Agency regarding the proposed Phase III development programme of its new antibiotic treatment.
Destiny Pharma said on Wednesday that the EMA had declared that a single, final-stage study of NTCD-M3, the group's lead clinical candidate for the prevention of the recurrence of infections caused by toxic strains of the gut bacteria, would be sufficient for it to file a marketing authorisation application.

The AIM-listed group added that the EMA also endorsed a new capsule formulation of the drug, currently in development with an aim to treat the recurrence of Clostridioides difficile.

Destiny will look to recruit around 800 people as part of the phase III trial and hopes to show that NTCD-M3 can successfully prevent the recurrence of CDI - a gut infection that can be fatal. Destiny will then look to make regulatory applications in both Europe and the US.

Chief medical officer Dr Yuri Martina said: "NTCD-M3 is a unique microbiome product being a single strain of non-toxigenic Clostridioides difficile. This targeted mode of action differentiates it from FMT (faecal microbiota transplantation) or other multiple strains or consortia microbiome products and NTCD-M3 also has advantages from a safety and longer-term risk perspective.

"As a physician, being able to prevent patients with CDI to go down the path of multiple recurrence is truly a game changer for the treatment of this disease."

As of 0910 BST, Destiny Pharma shares were up 2.53% at 38.45p.







Reporting by Iain Gilbert at 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.

 

Destiny Pharma Market Data

Currency UK Pounds
Share Price 16.25p
Change Today -0.50p
% Change -2.99 %
52 Week High 82.00
52 Week Low 14.67
Volume 1,536,814
Shares Issued 95.31m
Market Cap £15.49m
RiskGrade 410

Destiny Pharma Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
20.26% below the market average20.26% below the market average20.26% below the market average20.26% below the market average20.26% below the market average
13.73% below the sector average13.73% below the sector average13.73% below the sector average13.73% below the sector average13.73% below the sector average
Price Trend
85.42% below the market average85.42% below the market average85.42% below the market average85.42% below the market average85.42% below the market average
42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average
Income Not Available
Growth Not Available

What The Brokers Say

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Neutral 0
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Total 1
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Destiny Pharma Dividends

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Trades for 26-Apr-2024

Time Volume / Share Price
17:06 11,200 @ 16.25p
16:25 21,465 @ 16.17p
16:22 19 @ 16.50p
16:22 24,605 @ 16.28p
16:09 1,700 @ 16.42p

Destiny Pharma Key Personnel

CEO Chris Tovey

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