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Redx Pharma extends cash runway into July

Fri, 03rd May 2019 11:17

(Sharecast News) - Drug discovery and development company Redx Pharma updated the market on its ongoing plans to strengthen its balance sheet on Friday, with its board reiterating its commitment to strengthening the balance sheet in order to extend the cash runway beyond the second quarter of 2019, as it initially announced in November.The AIM-traded firm said that since then, a number of management actions, coupled with the previously-announced receipt of a loan repayment, had extended the cash runway into July.Additionally, in recognition of the need to conserve cash, the group said it had initiated "specific measures" to reduce its operational cost base.The board said it was looking to further strengthen the group's short-term financial position through two specific initiatives - short-term convertible debt financing, and potential value realisation of the pan-RAF research programme via out-licensing."The board continues to be in active discussions with shareholders and third-party healthcare specialist investors regarding longer-term funding of the group," the directors of Redx Pharma said in their statement."The board is greatly encouraged by the advanced state and positive nature of these various initiatives, although more time is required to conclude them and there is no guarantee that any of them will be concluded."Further announcements will be made in due course."
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10 Mar 2022 20:31

IN BRIEF: Redx Pharma notes encouraging safety data for RXC007

(Alliance News) Redx Pharma PLC - Cheshire-based cancer and fibrosis drug developer - Says phase 1 data presented at Virtual Interstitial Lung Disease Drug Development summit shows novel anti-fibrotic drug candidate, RXC007, possesses excellent safety and pharmacokinetic profile in both the single and multiple dose phase. No adverse events were observed following single doses of 2-70 milligrams, dosed once or twice in a day and no serious adverse events were observed in the multiple dose phase, dosed at 50mg twice daily for 14 days, with only transient, reversible mild adverse events observed, it says.

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1 Mar 2022 15:59

UK shareholder meetings calendar - next 7 days

Wednesday 2 March 
Ecofin Global Utilities & Infrastructure Trust PLCAGM
Mila Resources PLCAGM
Paragon Banking Group PLCAGM
River & Mercantile UK Micro Cap Investment Co LtdAGM
Thursday 3 March 
Chemring Group PLCAGM
Petro Matad LtdAGM
Zytronic PLCAGM
Friday 4 March 
Asia Strategic Holdings LtdAGM
Challenger Energy Group PLCEGM re equity raise
JPMorgan Russian Securities PLCAGM
Monday 7 March 
Crystal Amber Fund LtdGM re change of investment policy
Tuesday 8 March 
Anglesey Mining PLCGM re delisting
Caretech Holdings PLCAGM
Driver Group PLCAGM
Redx Pharma PLCAGM
Schroder European Real Estate Investment Trust PLCAGM
Shoe Zone PLCAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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27 Jan 2022 19:12

UK EARNINGS: Colefax reports robust interim results; Redx loss widens

UK EARNINGS: Colefax reports robust interim results; Redx loss widens

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23 Dec 2021 17:28

IN BRIEF: Redx shares up on USD9 million milestone payment from Astra

IN BRIEF: Redx shares up on USD9 million milestone payment from Astra

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9 Dec 2021 19:44

TRADING UPDATES: Porvair expects revenue hike; Xtract's new discovery

TRADING UPDATES: Porvair expects revenue hike; Xtract's new discovery

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6 Dec 2021 19:18

TRADING UPDATES: Great Western notes good assays; Guild signs Villalba

TRADING UPDATES: Great Western notes good assays; Guild signs Villalba

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15 Nov 2021 12:19

TRADING UPDATES: Billington project delays; Urban Logistics cash raise

TRADING UPDATES: Billington project delays; Urban Logistics cash raise

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1 Nov 2021 16:25

EXECUTIVE CHANGES: TP Group CEO out as Science Group tightens grip

EXECUTIVE CHANGES: TP Group CEO out as Science Group tightens grip

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11 Oct 2021 18:25

IN BRIEF: Redx Pharma sees upbeat new clinical data from ongoing study

IN BRIEF: Redx Pharma sees upbeat new clinical data from ongoing study

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6 Sep 2021 10:38

AIM WINNERS & LOSERS: Marechale stock doubles; Falcon extends gains

AIM WINNERS & LOSERS: Marechale stock doubles; Falcon extends gains

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2 Sep 2021 14:43

TRADING UPDATES: Serica's Rhum starts production; XLMedia buys in US

TRADING UPDATES: Serica's Rhum starts production; XLMedia buys in US

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27 Jul 2021 22:05

TRADING UPDATES: Wizz Air and Mitie face pressure over director pay

TRADING UPDATES: Wizz Air and Mitie face pressure over director pay

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17 Jun 2021 14:07

Redx Pharma gets milestone sum from AstraZeneca for therapy progress

Redx Pharma gets milestone sum from AstraZeneca for therapy progress

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7 Jun 2021 12:17

TRADING UPDATES: Steppe Cement profit rises as production costs cut

TRADING UPDATES: Steppe Cement profit rises as production costs cut

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3 Jun 2021 19:20

BUSINESS UPDATES: HSBC issues notes; discoverIE reports profit fall

BUSINESS UPDATES: HSBC issues notes; discoverIE reports profit fall

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