RE: New base line?3 Dec 2024 07:38
I totally agree Guly!
Let’s review the Aug 24 RNS below, and on top of this we now await the pharmacology testing with our partner Eurofins & the recent appointment of Dennis Purcell as Chairman.
The market still judges GPL on its ’old Company’ performance, but we are essentially a ‘new Company’ now with a laser focused direction and strategy.
All to play for, for this ‘minnow’
Aug 24 RNS
Substantial progress in Awakn collaboration
Identification of lead series, selection of Charnwood Discovery as synthesis partner, and new patent filing
Graft Polymer (UK) Plc (LON: GPL), an innovative healthcare services company, is pleased to report substantial progress in its collaboration with Awakn Life Sciences Corp. (CSE: "AWKN", OTCQB: AWKNF) ("Awakn"), details of which were announced on 18 July 2024.
The collaboration focuses on developing a new class of therapeutics for the potential treatment of trauma-related mental health disorders, such as Post-Traumatic Stress Disorder ("PTSD"), which affects approximately 13 million adults in the U.S. and 20 million collectively in the US and other key international markets.
Recent progress includes:
· Lead chemical series identified: Awakn has successfully identified two aminoindane chemical series as co-leads for further development. These series represent a promising new class of compounds with the potential to improve treatment options for trauma-related mental health disorders such as PTSD. The selection of these lead candidates is a pivotal step in the drug development process.
· Synthesis pathways defined: Awakn has also successfully established synthesis pathways for these compounds. This achievement is crucial, as it enables efficient and scalable production of the drug candidates, which will be essential as the collaboration moves towards more advanced pharmacological testing.
· Charnwood Discovery selected as synthesis partner: Awakn has selected Charnwood Discovery, a respected UK-based provider of drug discovery services, as its synthesis partner. The selection of Charnwood Discovery, known for its technical expertise, ensures that the synthesis process will be conducted to a high standard.
· New provisional patent filed: On 27 August 2024, Awakn filed a provisional patent application with the US Patent and Trademark Office, covering a new class of aminoindane chemical entities and their derivatives. This provisional patent has been incorporated into the scope of the commercial collaboration agreement between the Company and Awakn. This filing strengthens the intellectual property portfolio underpinning the Graft Polymer-Awakn collaboration, further reinforcing the Company's competitive edge in the biopharmaceutical market.
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