Pharmaxis takes full control of collaboration on LOXL2 inhibitors and expands scientific program
The program scope has been doubled to encompass two lead candidates.
Company
LON:SNG
Synairgen PLC is a UK-based respiratory company focused on drug discovery and the development of SNG001 (inhaled interferon beta) as potentially the first host-targeted, broad-spectrum antiviral treatment delivered directly into the lungs for severe viral lung infections.
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The program scope has been doubled to encompass two lead candidates.
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"A COPD programme is now both highly attractive and economically viable"
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A Phase I clinical trial is to start later this year for the LOXL-2 inhibitor
Sports Direct, Barratt Developments, Ryanair and EasyJet were among Wednesday's early market movers.
PXS-5382A, an inhibitor that aids breathing in patients by targeting the LOXL2 enzyme, is being developed with Australian firm Pharmaxis.
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The company is pleased with the progress made with the LOXL2 programme and clearly is not giving up on its IFN-beta candidate
The UK blue chip index closed down 18.56 points at 7,503
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The company, which developed and out-licensed AZD9412, believes the interferon beta candidate has potential.
Some of the largest rises and falls in London at 10.00am: SynairGen, BOS Global, Angus Energy
IPF causes a build-up of scar tissue, which damages the structure of the lung and affects normal uptake of oxygen into the blood.