RNS re Covid3 Jun 2020 08:19
Note, applications, plural.
Dr Tim Mitchell, CEO of Sareum Holdings plc, said: "We believe that our TYK2/JAK1 inhibitor candidates - SDC-1801 and SDC-1802 - represent exciting prospects. The way they act continues to be a focus for the broader industry interested in treating autoimmune diseases, cancer and more recently in addressing the severe respiratory symptoms associated with advanced COVID-19. These new funds will be used to advance their preclinical studies targeting completion in at least one indication late this year, pending successful progress. In addition, we will be making applications for grant funding to investigate their potential in COVID-19. Our aim is to generate an attractive data package for both compounds that will support our dialogue with potential partners.