RE: Sunday Times today24 Feb 2019 09:11
Andy Smith.Hardly an independent commentator when he writes notes for Destiny Pharma
Destiny Pharma (DEST)
INVESTMENT SUMMARY
Destiny Pharma is a virtual UK antimicrobial discovery company in Phase II clinical studies in the US. Destiny’s XF series of antimicrobial agents are novel, rapidly bactericidal and not associated with bacterial resistance, which typically limits the use of other antimicrobial agents. This makes Destiny’s lead product, XF-73, ideal for the prevention of post-operative infections, an indication in which no other drugs have been approved. We forecast Destiny’s cash reach to at least 2020, with Phase IIb results for XF-73 available at the end of 2019.
INDUSTRY OUTLOOK
While there are valid commercial criticisms of antibiotic development, the growing problem of antimicrobial resistance is making non-dilutive and alternative funding methods available to make antimicrobial drug development easier on companies. In addition, resistance has not been observed against Destiny's agents and their new preventative indications make antibiotic stewardship less of an issue.