RNS read well!6 Aug 2025 15:28
"At an operational level, we have maintained a strong focus on rigorous cost control measures and strategic outsourcing to minimise fixed overheads, while advancing our research and development efforts," says Chief Executive Officer & Chair Tim McCarthy. "These initiatives are aligned with our preparation for upcoming patent filings this year. Furthermore, we strengthened the balance sheet and extended our cash runway through the successful completion of an oversubscribed placing in February 2025." The firm adds it remains focused on bringing its two key late-stage clinical assets, P140 for systemic lupus erythematosus and chronic inflammatory demyelinating polyneuropathy, closer to the market, and on securing further partnership deals for P140 together with its earlier stage assets.