Sareum Holdings (SAR)

Sector:

Pharma and Biotech

Index:

FTSE AIM All-Share

32.50p
   
  • Change Today:
    -3.00p
  • 52 Week High: 135.00
  • 52 Week Low: 10.25
  • Currency: UK Pounds
  • Shares Issued: 106.84m
  • Volume: 424,717
  • Market Cap: £34.72m
  • RiskGrade: 594

Sareum reports positive results from TYK2 programme

By Josh White

Date: Monday 24 Oct 2016

LONDON (ShareCast) - (ShareCast News) - Specialist cancer drug discovery and development business Sareum announced a successful conclusion from its feasibility study into the potential for its TYK2 programme lead molecules to treat T-Cell Acute Lymphoblastic Leukaemia (T-ALL) on Monday.
The AIM-traded company said the investigation culminated in a T-ALL disease model study in which Sareum's compounds, dosed orally, were well tolerated, presented good exposure to plasma and tumour tissue and showed a dose-dependent effect on a biomarker of TYK2 inhibition and tumour reduction of up to 80%.

T-ALL is a rare type of leukaemia that most often occurs in late childhood and early adolescence, and the board said a patent application to protect the new intellectual property arising from the successful research has been filed.

Sareum had previously announced on 17 June 2015 that it had received notification from Innovate UK of its success in its application to the BioMedical Catalyst for funding of up to £140,000.

"We are delighted with the outcome of this study," said Sareum CSO Dr John Reader.

"It has successfully demonstrated the potential of our TYK2 inhibitors to treat this leukaemia."

Reader said the company believes commercial interest in the programme should increase further as a result, and the board was grateful to Innovate UK for their financial support.

"The positive results from this feasibility award may lead to other opportunities to secure additional funding awards to advance the programme further."

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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 32.50p
Change Today -3.00p
% Change -8.45 %
52 Week High 135.00
52 Week Low 10.25
Volume 424,717
Shares Issued 106.84m
Market Cap £34.72m
RiskGrade 594

Sareum Holdings Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
49.97% below the market average49.97% below the market average49.97% below the market average49.97% below the market average49.97% 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
93.05% below the market average93.05% below the market average93.05% below the market average93.05% below the market average93.05% below the market average
70.37% below the sector average70.37% below the sector average70.37% below the sector average70.37% below the sector average70.37% below the sector average
Income Not Available
Growth Not Available

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
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Sareum Holdings Dividends

No dividends found

Trades for 22-May-2024

Time Volume / Share Price
16:21 1,500 @ 32.30p
16:19 2,212 @ 33.00p
16:18 33 @ 33.00p
16:18 11,000 @ 33.00p
16:17 133 @ 33.00p

Sareum Holdings Key Personnel

CEO Timothy J Mitchell

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