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Pharma & Biotech

ValiRx shares jump 12% on new product shipment news

ValiRx PLC (AIM:VAL) shares rose 12% following news of a successful customer shipment from its subsidiary, Inaphaea BioLabs Limited.

The delivery is of patient-derived cells (PDCs), part of its new Assay Ready Reagents (ARR) range.

The ARR products are ready-to-use for assays, removing the need for customers to cultivate cells themselves.

Although the order's financial value is not significant, it validates Inaphaea's product offering and highlights a potential new revenue stream, boosting investor confidence in the company's expanding capabilities in early-stage cancer therapeutics and women's health.

The stock was up 0.18p at 1.55p.

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