viewMidatech Pharma PLC

Unnamed pharma giant to trial Midatech’s Q-Sphera drug delivery technology

Results from a study of Midatech’s acromegaly and carcinoid cancer drug, MTD201, earlier in the year showed that Q-Sphera works as planned

scientist in lab
Q-Sphera allows drugs to be delivered into the body over a prolonged period of time

A “leading global pharmaceutical corporation” has signed a deal with Midatech Pharma Plc (LON:MTPH) that will see it evaluate the latter’s Q-Sphera drug delivery platform.

Q-Sphera allows drug compounds to be released into the body in a “highly controlled manner” over a prolonged period of time; potentially from a few days to up to six months.

Under the collaboration agreement, the unnamed partner will conduct a feasibility program using the Q-Sphera technology. No financial terms have been disclosed.

READ: Midatech delighted with first-in-human data for MTD201

A study of Midatech’s MTD201 acromegaly treatment earlier this year provided a major validation of the platform, with results showing two things: that MTD201 was possibly a better treatment than rival one developed by Novartis but also that Q-Sphera works.

“We are delighted to announce this partnership with a leading global pharmaceutical corporation,” said chief executive Craig Cook.

“This marks another important step in the development of our impressive Q-Sphera technology, after the positive clinical 'proof of concept' first-in-human study earlier this year in carcinoid cancer and acromegaly.”

He added: “Together with partnerships such as the one being announced we are focused on increasing our traction in the sustained delivery market, where we hope to establish Q-Sphera as the leading platform.”

Quick facts: Midatech Pharma PLC

Price: 2.35 GBX

Market: AIM
Market Cap: £11.04 m

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