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Share Price: 1,453.00
Bid: 1,453.00
Ask: 1,455.00
Change: 20.00 (1.40%)
Spread: 2.00 (0.138%)
Open: 1,425.00
High: 1,458.00
Low: 1,425.00
Prev. Close: 1,433.00
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C4X Discovery Joins Covid Collaboration With Italian Hospitals

Tue, 25th Aug 2020 12:28

(Alliance News) - Drug discovery firm C4X Discovery Holdings PLC said Tuesday it has entered into a new collaboration with the GEN-COVID consortium, a network of more than 20 hospitals in Italy.

"The collaboration will use the unique mathematical genetic analysis methodology of Taxonomy3 to investigate the role genetics plays in the widely varied disease susceptibility, severity and prognosis observed between individuals with Covid-19," C4X explained.

Taxonomy3 will analyse genetic data from a "significant" number of Covid-19 positive patients collected by the consortium to identify genes associated with severe Covid-19 disease, the drug discovery firm said.

C4X added: "The aim is to identify a unique genetic signature that can successfully predict mild versus severe disease to inform treatment of patients at risk. The analysis may also uncover novel biology driving severity of the disease which may inform potential novel drug targets for treatment."

Chief Executive Clive Dix said: "The disease continues to spread throughout the world and a clear understanding of how it affects people differently remains elusive.

"We believe that genetics may play a role in explaining the differences in an individual's disease susceptibility, severity and prognosis. This is a new area for C4XD and we are excited to be working on such an important project. We remain committed to deliver and drive novel small molecule drugs against challenging targets towards clinical development."

The company also noted Indivior PLC has started a Phase 1 clinical trial for C4X's novel selective Orexin-1 antagonist, for the treatment of opioid dependence with the first patient now dosed.

The study is expected to complete by year end.

Dix continued: "I am delighted to share the progress we have made over recent months across our proprietary portfolio despite the challenges of the Covid-19 pandemic, in particular, the continued headway in our key inflammation programmes.

"Our two most advanced programmes, NRF-2 and IL-17, continue to move forward with one of our lead NRF-2 molecules, C4X_6746, showing significant efficacy in a pre-clinical model of Inflammatory Bowel Disease. This enables expansion of our commercial discussions beyond those partners already engaged in assessing the programme for Pulmonary Arterial Hypertension and Sickle Cell Disease."

Shares in C4X Discovery were down 9.2% in London on Tuesday at 22.25 pence each.

By Paul McGowan; paulmcgowan@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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1 Aug 2023 17:39

TRADING UPDATES: C4X Discovery inks Indivior deal, Digitalbox expands

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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Indivior raises 2023 guidance after strong half-year progress

(Alliance News) - Indivior PLC on Thursday celebrated a strong recent six months and second quarter that brough increased profit and revenue, boosting its optimism for the rest of the year.

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Indivior lifts guidance after strong first half

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Indivior reaches settlement in litigation with US states

(Sharecast News) - Addiction treatment-focussed pharmaceuticals company Indivior announced on Monday that its subsidiary Indivior Inc has successfully reached an agreement to resolve the claims brought against it by the attorneys general of 41 US states and the District of Columbia.

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2 Jun 2023 18:18

Indivior settles antitrust claims in US regarding Suboxone drug

(Alliance News) - Indivior PLC on Friday said it has reached an agreement to resolve the claims brought in antitrust multi-district litigation regarding its drug Suboxone.

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23 May 2023 09:56

Indivior emergency opioid overdose treatment approved by US FDA

(Alliance News) - Indivior PLC on Tuesday said the US Food & Drug Administration has approved its OPVEE nasal spray for the emergency treatment of opioid overdose.

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23 May 2023 07:48

Indivior's opioid addiction sprat approved by FDA

(Sharecast News) - US health regulators have approved Indivior's Opvee nasal spray treatment for opiod addiction, the company said on Tuesday.

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10 May 2023 17:02

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Greencoat Renewables PLCAGM
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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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27 Apr 2023 14:41

Indivior lifts revenue guidance, cuts profit outlook after Opiant deal

(Sharecast News) - Opioid addiction treatment maker Indivior lifted its full-year revenue guidance on Thursday but trimmed its outlook for operating profit due to costs related to the acquisition of Opiant Pharmaceuticals, as it posted a jump in first-quarter profit and revenue.

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27 Apr 2023 13:46

Indivior raises 2023 revenue forecast following Opiant acquisition

(Alliance News) - Indivior PLC on Thursday said net revenue increased by more than 20% in the first quarter, lifting profit, and it updated its guidance for the year following its acquisition of Opiant Pharmaceuticals Inc last month.

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