Back in 2022 Cizzle acquired a stake in a therapy called AZ1656 for the treatment of inflammatory pulmonary diseases.
AZ1656 is being developed by Conduit Pharma who operate as a virtual pharma co.
Conduit Pharma was set up by Dave Tapolczay who was founder of Nuformix and Chairman until he left after the debacle of the NXP001 China deal.
Furthermore Conduit Pharma recruited Joanne Holland who developed all of the Nuformix therapies 001, 002 & 004 and her name is on all the patents as inventor.
Keeping the main market listing costs them around £300k p.a. for the listing and fees etc. So they have circa £700k which is for the pre-clinical works, so it will last as long as it lasts, they don't have a consistent monthly spend as its spent by project work rather than evenly spaced.
Thanks bubbleshoot, also highlights the move toward combination therapies which is where NxP002 is being positioned.
BI is always a possibility especially now they have a therapy in the market and the Fibroneer trials showed it still causes side effect issues. The benefit to them is to have an oral treatment to slow progressions and then and inhaled treatment to reduce scarring (and in the ideal situation potentially reverse the damage)
RE: Astrazeneca looking at IPF. Gooding prior AZN. CLBX deal done.8 Jun 2026 10:17
Nbili, the Orphan Designation 7 year started when the product is available on the market otherwise it would be pointless.
Anyway Comical Ali is telling us we are doing a deal with Ringlet and their VC and not a major pharma now so we need to forget the partners that we've been in discussion with.