ValiRx's sale of Finnish subsidiary will free up resources
The group will retain the licence to use TRAC technology (transcript analysis with the aid of affinity capture) in its development of therapeutic candidates.
Company
LON:VAL
ValiRx is a drug development company, which focuses on the translation of scientific innovation into clinical candidates for cancer, related conditions and women’s health. The company's specialised business model connects science, finance and commerce to accelerate early-stage drug development. It identifies proprietary and novel drug candidates with the potential to improve patient lives, providing the expertise and investment required for optimised development and value creation.
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The group will retain the licence to use TRAC technology (transcript analysis with the aid of affinity capture) in its development of therapeutic candidates.
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ValiRx has also started preparatory work on a full efficacy study (phase III) of the drug in prostate cancer treatment.
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The study will assess efficacy, safety and tolerability in people with the non-small cell variant of the disease where at least one form of chemotherapy has failed.
Life sciences firm ValiRx has been making progress on its lead drugs...
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The drug is targeting non-small-cell lung adenocarcinoma, the most common form of the disease.
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