BIG RNS due on Hakkaido University evalutaion27 Nov 2022 17:16
It is finally time for the big RNS. Anytime from tomorrow to before Christmas we will get news on this.
Two in SPV should value us at a minimum of 30p and that with the 201 deal priced at zero at the moment. Lots of news is due and we should get some news regarding private investors for our TNBC drug soon. Maybe a GSK investing 2 million for a 10 % stake would be nice.
Under the agreement, the Company will carry out a defined series of preclinical tests on the peptide drug candidate molecule over the next twelve months to validate the technology and determine suitability for commercialisation. This preclinical evaluation, the cost of which will be borne by ValiRx of up to £100,000, will investigate the action of the molecule against Endometrial, Pancreatic and Bile Duct Cancers.
At the conclusion of the evaluation period (December 2022), the Company has an option to license the technology on pre-agreed terms.
Dr Suzy Dilly, CEO of ValiRx commented: "The peptide drug candidate under evaluation in this agreement has been developed for a completely novel cancer target. This cutting-edge technology has potential to enable a first in class drug development programme to be launched in these important therapeutic areas."