Poolbeg Pharma: Market starting to recognise the impact of recent progress
The shares have rocketed 41% in the last five trading days
Company
LON:POLB
Poolbeg Pharma plc (AIM: POLB) is a clinical-stage biopharmaceutical company with a core focus on transforming the cancer immunotherapy field. The Company’s lead asset, POLB 001, has the potential to expand administration of cancer immunotherapies from centralised specialist cancer centres into community hospitals by making the treatments safer through the prevention of the life-threatening side effect, Cytokine Release Syndrome (CRS). As such, POLB 001 could increase the number of patients that can receive these life-saving treatments, thereby increasing the market opportunity. Poolbeg is also advancing the development of a patient-friendly therapy for obesity with an oral encapsulated GLP-1, offering a differentiated approach within one of the world’s largest markets. With multiple near-term clinical value inflection points, and an experienced team with a proven track record, Poolbeg is focussed on partnering its high value programmes that are targeting large markets and addressing critical unmet medical needs.
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The shares have rocketed 41% in the last five trading days
The company said it is continuing to target further non-dilutive funding opportunities
It partnered with OneThree Biotech to carry out the research
Jeremy Skillington bought 718,733 shares at 4.78p each
The company expects to receive the formal US patent grant "in due course"
POLB 003 is a prospective treatment to prevent Melioidosis
The company's corporate broker finnCap pointed to a series of potential inflexion points for the drug developer
POLB 001, a treatment for severe flu, is the company's most advanced asset
Archive
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Researchers will formally commence the trial of POLB 001 on July 22
A model will be built to discover and identify the disease signatures that define RSV infection
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It has secured protection for two key assets - POLB 001 and POLB 002
POLB 001 is being developed to reduce the body's hyperinflammatory response to the severe form of the virus
POLB 002 is a nasally administered treatment with the potential to protect against respiratory virus infections
One of the buyers is an experienced life sciences investor
It is working with the Centre for Human Drug Research with the human challenge study getting underway in June
The life sciences group is teaming up with CytoReason
The clinical-stage infectious disease pharmaceutical company also posted a voting proxy form to its shareholders
The company had £20.9mln on the balance sheet at the end of the period and is also evaluating opportunities for non-dilutive grant funding to support the development of its pipeline