Parker’s comments11 Oct 2024 10:20
Dr Stephen Parker, Executive Chairman of Sareum, commented:
"We are delighted to secure this funding which, together with the tax credit from Australia, enables us to progress our lead programme, SDC-1801, towards Phase 2 readiness. The recent successful completion of our Phase 1 trial, demonstrating SDC-1801's favourable safety profile, combined with impressive pharmacokinetics and biomarker effects, has reinforced our confidence in its potential as a best-in-class TYK2/JAK1 inhibitor.
"With sustained high blood levels, positive side-effect profile and absence of changes to blood components, SDC-1801 demonstrates significant advantages in the competitive landscape of autoimmune disease treatments. The planned longer-term toxicology studies are critical next steps, not only for regulatory purposes but also to enhance SDC-1801's value proposition for potential out-licensing partners.
"We believe SDC-1801 has the potential to offer increased efficacy compared to existing therapies in a number of autoimmune conditions where there is a serious unmet medical need. This funding brings us closer to realising that potential and potentially delivering a new, more effective treatment option for millions of patients worldwide."
The last paragraph increased efficacy and new more effective treatment
Now would be a great time for an investor meet to explain instead of everyone guessing
GLA