C4X Discovery raises £15mln to assist with partnership discussions
“Our key programmes continue to demonstrate progress and generate positive data"
Company
LON:C4XD
C4X Discovery Holdings PLC is a pioneering drug discovery company combining scientific expertise with cutting-edge drug discovery technologies to efficiently deliver world leading medicines. The company has a highly valuable and differentiated approach to drug discovery through its enhanced DNA-based target identification and candidate molecule design capabilities, generating small molecule drug candidates across multiple disease areas including inflammation, oncology, neurodegeneration and addictive disorders. C4X Discovery's commercially attractive portfolio ranges from early-stage novel target opportunities to late-stage drug discovery programmes ready for out-licensing to partners and it has two commercially partnered programmes with one candidate in clinical development.
96 stories · page 3 of 5
“Our key programmes continue to demonstrate progress and generate positive data"
“We remain committed to deliver and drive novel small molecule drugs against challenging targets towards clinical development," said CEO Clive Dix
The taskforce has been set up by the UK government’s chief scientific adviser, deputy chief medical officer, business secretary and health secretary to lead efforts to find and manufacture a coronavirus vaccine
Funds from the share issue should provide C4X with at least twelve months working capital, assuming it gets its usual tax credits
"We continue to progress our portfolio, with our inflammatory programmes generating significant advances,” said chief executive Clive Dix
"We are making great strides toward our goal of one day becoming the world's most productive drug discovery company," said Eva-Lotta Allan, C4X's chairperson.
Indivior was licensed to develop and commercialise C4X's opioid addiction treatment, and it has now selected Altasciences to run early studies into its safety
The drug developer is aiming to raise the funds through a combination of a placing, a subscription and an open offer
In a business update it said it is in licensing discussions with potential partners for two of its early-stage drugs
The award will fund a phase I trial of Orexin-1 along with the toxicology and drug metabolism studies needed to start a phase II assessment
The mission of Robin Carr, who has worked with both GlaxoSmithKline and Astex, is to bring together small molecule drug discovery and development experts from across the globe.
Archive
A glance at some of the day's highlights from the Proactive Investors newswire
Investments and investor services
A look at the day's major movers, including China New Energy, Pressure Technologies, Remote Monitored Systems, Vela, 1pm, Carpetright, RedT, MOD Resources and Metal Tiger
By combining their drug discovery and validation platforms, C4X and PhoreMost hope to find drug targets that can potentially treat Parkinson’s sufferers
Archive
A glance at some of the day's highlights from the Proactive Investors newswire
Archive
A look at some of the biggest risers and fallers in London on Tuesday
It confirmed it has spoken to "multiple" potential partners for its NRF-2 activator
Archive
The UK's premier share index shed over 22 points at 7,418, while the FTSE 250 shed over 86 points at 19,824
Archive
The Day Ahead also brings updates from the likes of blue-chip lender Standard Chartered, Premier Inn owner Whitbread and pubs group Greene King
Archive
A glance at some of the day's highlights from the Proactive Investors newswire