SCIB 1/2 Alone20 Mar 2019 08:44
Blue Sky:
At the turn of last year, Scancell reported “compelling” results from the Phase I/II melanoma trial of SCIB-1, and now it is waiting to kick off the Phase II clinical study of SCIB1 in combination with Keytruda later this year.
In December 2017, Cancer Research UK agreed to fund and sponsor a Phase I/II lung cancer clinical study of Scancell’s SCIB-2 vaccine, also in combination with a checkpoint inhibitor.
Lung cancer remains one of the most difficult cancers to treat and accounts for more than a quarter of all cancer deaths.
That is more than breast, prostate and colon cancers combined. Around 228,000 people receive a lung cancer diagnosis in the US alone and more than 160,000 will not survive.
In May 2018, investors got behind the business, backing a placing and subscription and open offer of new shares that brought in £8.7mln before expenses.
Those shares were sold at 12p each, but since then, the stock has drifted steadily back, currently trading at 6.30p, valuing Scancell at £25.79mln.
News on the start of the Phase II clinical study of SCIB1 in combination with Keytruda could see it return to the £50mln valuation of the May 2018 placing price.