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Redx Pharma confirms start of phase I study of lead drug RXC004

Redx Pharma Plc's (LON:REDX) Lisa Anson speaks to Proactive London's Andrew Scott following the release of their interims to the end of March 2019.

Initial results from a phase I study of its lead drug, RXC004, a porcupine inhibitor aimed at treating cancer driven by the Wnt pathway, are expected in the second half of the year, with the full read-out expected in early 2020.

Redx has also secured short-term funding with a loan of up to £2.5mln and is in talks to find a longer-term financing solution.

Quick facts: Redx Pharma PLC

Price: 57.5 GBX

AIM:REDX
Market: AIM
Market Cap: £157.49 m
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Redx Pharma £25.5m raise 'to drive forward our two key programmes, at pace'

Redx Pharma PLC's (LON:REDX) Lisa Anson speaks to Proactive after announcing their conditional raise of around £25.5m. Anson says this raise puts Redx in a 'much stronger financial position which allows us to drive forward our two key programmes, at pace'. She goes on to explain the next...

on 7/12/20

2 min read