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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.

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Price: 7 GBX

AIM:REDX
Market: AIM
Market Cap: £8.85 m
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