Pharmaxis begins phase one clinical trial of compound targeting pancreatic cancer
The clinical trial will include two stages and outcomes will be released in June 2019.
Company
ASX:PXS
Syntara Ltd is a clinical-stage drug development company focused on the development of novel therapeutics aimed at correcting extracellular matrix (ECM) dysfunction. This will lead to positive outcomes in a range of diseases with high unmet need, including haematological malignancies such as myelofibrosis and myelodysplastic syndrome, chronic fibrosis (including skin scarring, pulmonary fibrosis, chronic kidney disease, NASH and cardiac fibrosis) and neuroinflammation.
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The clinical trial will include two stages and outcomes will be released in June 2019.
CEO Gary Phillips says Pharmaxis’ healthy cash balance gives it time to choose between in-house and partnering options.
The results of the toxicity studies complete Pharmaxis’ scientific package of data for the LOXL2 program.
Bronchitol works by rehydrating the airway/lung surface and promoting a productive cough. It is used for the treatment of cystic fibrosis patients.
Aridol is a lung function test designed to help doctors diagnose and manage asthma.
Since September, the group's portfolio has steamed ahead with a number of new and successful clinical trials, as well as a boost from the float of one of its companies on the Nasdaq
PTCL is a form of cancer that arises in areas of the body such as lymph nodes, spleen, the gastrointestinal tract, and skin
Pharmaxis is the first company to progress a small molecule LOX inhibitor into clinical development.
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Arix is a cornerstone investor in the ASX life sciences group
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The UK's premier share index closed up around four points at 7,038, while the FTSE 250 shed almost 248 points at 18,662.
There were no adverse safety findings and excellent drug-like properties were confirmed for the second of the LOXL2 inhibitor compounds.
There were no adverse safety findings and excellent drug-like properties were confirmed.
Analysts at Stifel say the venture capital firm is entering its first extended period of sustained news flow with shares trading at about 45% discount to their £2.53 price target
Ed Rayner is an investment director for major shareholder Arix Bioscience Plc (LSE:ARIX).
Arix led a $24 million share placement and will invest $14.2 million in two tranches.
Aridol is already manufactured for the markets of Europe, Australia and South Korea.
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