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ValiRx raises £500,000 to progess cancer trial

ValiRx has one drug, VAL201, going through phase I/II trials
ValiRx raises £500,000 to progess cancer trial
ValiRx has one drug, VAL201, going through phase I/II trials

ValiRx (LON:VAL) has raised £503,000 gross through a placing at 12p per to fund its drug development pipeline.

ValiRx has one drug, VAL201, going through  phase I/II trials, and has made an application to start a second for another cancer treatment, VAL401.

Satu Vainikka, chief executive said: "We are delighted to be able to raise additional funds through this equity placing in a challenging market.

“These funds will enable the company to progress the clinical trial activity that was recently announced."

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May 19 2016

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