RE: Home Office approval and MHRA due any day21 Apr 2023 13:55
Programmes Update
Progress towards the commencement of Phase I clinical trial for its lead drug candidate, OCT461201, continues. The trial will commence upon receipt of approval from REC 2 and the MHRA, from which the Company expects to hear shortly.
Meanwhile, OCTP continues to advance its other programmes, with key developments including completion of the pre-clinical work for the Company's second programme OCT130401, which is now ready to enter Phase I. Development work on programmes 3 and 4 has continued and the Company still expects to be at pre-clinical and lead candidate stage for these programmes during Q2 2023. Now that Programme 2 is Phase 1 ready further work will be placed on hold as will work on Programmes 3 and 4 once they have progressed to pre-clinical and lead stage respectively.