Outlook6 Apr 2019 17:48
The funds raised at the end of the previous financial year and the beginning of this period have enabled Scancell to move towards obtaining regulatory approvals for the initiation of the SCIB1 checkpoint inhibitor combination Phase 2 study in the US and UK, in addition to funding the continuing development of our Moditope® products, Modi-1 and Modi-2, and the underlying platform technology.
Patents awarded with respect to the Moditope® platform and our on-going collaborations mean that we are now well positioned to develop Moditope® based therapeutics, such as vaccines and adoptive T-cell therapies, with the potential to address the unmet need across a broad range of hard to treat cancers.
The Company's recent senior management appointments of Samantha Paston as Head of Research and Adrian Parry as Head of Manufacturing provide additional expertise to enable the transition of our products from the laboratory to the clinic.
Scancell's focus for the immediate future is to initiate the planned Phase 2 clinical study for our lead ImmunoBody®, SCIB1, and to advance our lead Moditope® vaccine, Modi-1, towards the clinic. A positive outcome from both or either of these studies should represent significant value to shareholders.
John Chiplin
Chairman