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Incanthera says talks started with 2 more companies for the commercial rights to Sol

Published: 08:56 06 Dec 2021 GMT

Incanthera plc -

Incanthera plc (AQSE:INC) has started talks for the commercial rights to Sol, its skin cancer formulation and lead product, with another two companies, the group said alongside its interim results.

Discussions with two previously announced global cosmetic companies are also continuing to progress, said the specialist oncology company.

The company also announced that its pretax losses widened to £582,000 for the six months to end September, from £471,000 in the year-earlier period, as it focussed on finding a commercial partner for Sol.

Its cash balance at the end of September increased to £627,000, from £433,000, providing it with enough cash into the third quarter of 2022.

"We have made excellent progress in our discussions on the commercial rights for Sol during this period and have recently initiated commercial discussions with two further companies,” said chairman Tim McCarthy.

“The conclusion of the right deal for commercialisation of Sol is of paramount importance for the future success of the company and the whole team is engaged in delivering this for our shareholders.”

“It is clear that the potential for Sol to be the basis for a whole product range, incorporating its unique technology and dermatological qualities, is of great interest to commercial partners,” he said.

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