Syncona Limited NPV (SYNC)

Sector:

Investment Firms

Index:

FTSE 250

99.70p
   
  • Change Today:
      0.20p
  • 52 Week High: 130.60
  • 52 Week Low: 99.50
  • Currency: UK Pounds
  • Shares Issued: 631.82m
  • Volume: 482,080
  • Market Cap: £629.92m
  • RiskGrade: 291
  • Beta: 0.62

Syncona reports positive findings from investee Freeline

By Josh White

Date: Thursday 09 May 2024

LONDON (ShareCast) - (Sharecast News) - Life science investor Syncona reported positive findings from its portfolio company Freeline Therapeutics on Thursday, after a phase one and two study of its gene therapy candidate for Gaucher disease, 'FLT20', showed encouraging results.
The London-listed firm said Gaucher disease, a genetic disorder stemming from GCase enzyme deficiency, saw promising outcomes from four patients who discontinued prior therapies as of 19 February.

Key highlights from the presentation included FLT201's favourable safety profile, marked by the absence of infusion reactions and severe adverse events.

Notably, robust and sustained expression of the GCase enzyme in the plasma was observed, indicating potential therapeutic efficacy.

Furthermore, significant reductions in Lyso-Gb1, a recognised biomarker of clinical response, were noted in patients with persistently high levels despite prior enzyme replacement or substrate reduction therapies.

Additionally, maintenance or improvement of haemoglobin levels and platelet counts post withdrawal of previous treatments was observed.

Emerging late-breaking data as of 8 April revealed early signs of clinical benefit. Improvement in bone marrow burden and notable alleviation of fatigue, leading to enhanced daily functioning, were observed in patients post-dosing.

"We are very encouraged by the data generated from FLT201 which demonstrates a favourable safety and tolerability profile and significant enzyme activity," said Chris Hollowood, chief executive officer of Syncona Investment Management and chair of Freeline.

"We are confident this treatment has the potential to challenge the standard of care in Gaucher disease, where current treatments are life-long and do not fully alleviate the disease.

"After a decade on ERT, 60% of patients still experience symptoms, including bone pain, lung dysfunction, enlarged organs, fatigue and low platelet counts."

Hollowood said Freeline's treatment sustained GCase expression, with data presented at ASGCT also suggesting that FLT201 could potentially transform the quality of life for patients.

"The company expects to publish further data this year, which we view as a key value inflection point, and is advancing FLT201 towards a phase three trial next year."

At 1246 BST, shares in Syncona were down 0.16% at 121.8p.

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.

 

SYNC Market Data

Currency UK Pounds
Share Price 99.70p
Change Today 0.20p
% Change 0.20 %
52 Week High 130.60
52 Week Low 99.50
Volume 482,080
Shares Issued 631.82m
Market Cap £629.92m
Beta 0.62
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
35.74% above the sector average35.74% above the sector average35.74% above the sector average35.74% above the sector average35.74% above the sector average
Price Trend
Market averageMarket averageMarket averageMarket averageMarket average
85.53% below the sector average85.53% below the sector average85.53% below the sector average85.53% below the sector average85.53% below the sector average
Income Not Available
Growth
Market averageMarket averageMarket averageMarket averageMarket average
82.27% above the sector average82.27% above the sector average82.27% above the sector average82.27% above the sector average82.27% above the sector average

What The Brokers Say

Strong Buy 2
Buy 1
Neutral 1
Sell 0
Strong Sell 0
Total 4
buy
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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 21-Nov-2024

Time Volume / Share Price
16:59 18,248 @ 99.50p
16:22 206 @ 99.60p
16:21 2,171 @ 99.80p
16:15 358 @ 99.80p
16:09 200 @ 99.70p

SYNC Key Personnel

Chair Melanie Gee

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