RNS out from OXT19 Sep 2019 08:40
Scancell, the Company’s AIM quoted investment, continues to make progress, and makes up just over a sixth of the portfolio. It has announced approval to start the UK Phase 2 SCIB1 trial and has begun screening potential patients. It has also started the first joint programme on its AvidiMab anti-glycan antibody technology, having partnered with an unnamed large pharma on glycans: AvidiMab antibodies target sugars rather than proteins on the cell surface. Scancell raised £3.9 million through the issue of new shares to Vulpes Life Science Fund in June. The money will support the transition of Modi-1 to the clinic. Vulpes now owns 16.67% of Scancell – Martin Diggle from Vulpes was appointed to the board, which we believe increases the chance of a successful outcome for this investment.