Hardman & Co Research: "Focus, Realism and Results" - Ian Ross, Chairman
Redx Pharma's new management team is focusing its financial resources (ca.£10m) on progressing its lead candidates in oncology and fibrotic disease into the clinic. Although the first patient was treated recently in a Phase I/II proof-of-concept trial with its porcupine inhibitor RXC004, some on-target adverse events (anticipated at higher doses) were observed, which caused management to take the prudent decision to stop patient recruitment and prepare a revised protocol to the MHRA for end 2018. Meanwhile, Redx is continuing to progress its realistic development strategy with a period-end cash balance of £10.3m. Please click here for the full report:
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