Sareum welcomes more patent protection for anti-cancer candidate
Tim Mitchell, Sareum’s chief executive, said: "SRA737 is a valuable asset to Sareum through its licence to Sierra Oncology. "
Company
LON:SAR
Sareum Holdings (AIM:SAR) is a clinical-stage biotechnology company developing next generation kinase inhibitors for autoimmune disease and cancer. The Company is focused on developing next generation small molecules which modify the activity of the JAK kinase family and have best-in-class potential. Its lead candidate, SDC-1801, simultaneously inhibits TYK2 and JAK1. SDC-1801 is a potential treatment for a range of autoimmune diseases, including psoriasis, and has completed Phase 1 clinical development.
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Tim Mitchell, Sareum’s chief executive, said: "SRA737 is a valuable asset to Sareum through its licence to Sierra Oncology. "
The FTSE 100 closed down 6.56, or 0.09% to 7,519...
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Sierra holds exclusive rights to SRA737, having licensed the programme from Sareum's co-investment partner, the CRT Pioneer Fund
Chief executive Tim Mitchell will be giving two presentations today and tomorrow at BioTrinity in Hammersmith, London
Some of the largest rises and falls in London at 3.15pm: EQTEC, Goldplat, Feedback
The Sierra licence triggered an upfront payment to Sareum
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The FTSE 100 ended flat on Monday as Unilever shares sank in the wake of Kraft Heinz saying it had abandoned its proposed merger which would have been one of the biggest in corporate history
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A glance at some of the stories on the Proactive newswire today
Sareum is entitled to 27.5% of all payments arising from the Chk1 licence agreement
Shares in Victoria Oil & Gas were up after it spudded two development wells at its Logbaba gas field in Cameroon
The past year has seen the company go from strength to strength, culminating in the licensing of its most advanced programme
Sareum, Faron, WideCells, Abzena and Ergomed were among Monday's small cap highlights