Destiny Pharma teams up with US Department of Veterans Affairs to find 'new attributes' for next-generation medicine
NTCD-M3 is being developed to combat Clostridioides difficile infections (CDI) in the gut
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LON:DEST
Destiny Pharma PLC is an innovative, clinical-stage biotechnology company focused on the development and commercialisation of novel medicines that can prevent life-threatening infections. The company's drug development pipeline includes two late stage assets NTCD-M3, a microbiome-based biotherapeutic for the prevention of C. difficile infection (CDI) recurrence which is the leading cause of hospital acquired infection in the US, and XF-73 nasal gel, a proprietary drug targeting the prevention of post-surgical staphylococcal hospital infections including MRSA.
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NTCD-M3 is being developed to combat Clostridioides difficile infections (CDI) in the gut
The presentation is entitled, "Repeated doses of exeporfinium chloride (XF-73) nasal gel over 24 hours significantly reduced the burden of Staphylococcus aureus nasal carriage in at-risk surgical patients"
“We are very pleased that the G7 Health Ministers Meeting has again strongly supported investment, regulatory and commercial incentives for drug developers,” said the company's chief executive, Neil Clark
CEO Neil Clark said: "We have made significant progress since closing the £10.4mln equity funding in December 2020 that enabled the NTCD-M3 acquisition.”
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On the plus side, we've got this far without rehashing the old Star Wars "May the fourth" joke ... d'oh!
The firm said it has “a great opportunity” as a UK biotechnology company focused on infection prevention
The candidate achieved a 99.5% reduction in S. aureus bacterial nasal carriage, which the company said is a very effective reduction by accepted clinical measures
The drug developer is teaming up with the National Institute of Allergy and Infectious Diseases
Dr Bill Love will advise on the ‘delivery’ of research and innovation funding
The Brazilian authorities have issued what is known as a notice of allowance pending full approval next month
Professor Mark Wilcox is Head of R&D in Microbiology at the Leeds Teaching Hospitals
Most recently, Bewick was vice president, Business Development at Summit Therapeutics, a NASDAQ-listed infectious disease company, leading the out-licensing and in-licensing activities, pipeline positioning and technology valuation
XF-73 has been awarded both qualifying infectious disease product and Fast Track status by the US Food and Drug Administration
The group has also brought on board high-level expertise in the form of Professor Dale Gerding, who has joined the drug developer’s scientific advisory board as well as becoming a “key consultant”
The pair received an £800,000 grant from Innovate UK to fund the majority of the £1mln preclinical programme
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A look at some of the major movers in London on Monday
Investments and investor services
The International Monetary Fund issued a warning, saying a "no-deal" Brexit would send the British economy into severe shock
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The Day Ahead will continue to be dominated by the Brexit saga, with the corporate news diary limited to small cap firms, including City Pubs Group, Destiny Pharma
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Also on the retail front, WH Smith and Dunelm will issue updates as well in the Week Ahead, while on the macro front an ECB rate decision and US FOMC meeting minutes are also due