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Clinical Phase Development Update

19 Nov 2015 10:45

RNS Number : 2870G
ValiRx PLC
19 November 2015
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ValiRx Plc (AIM: VAL)

("ValiRx" or "the Company")

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Clinical Phase Development Update re VAL201 and VAL401

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London, UK., 19 November 2015 - ValiRx Plc (AIM: VAL), a life science company with a focus on cancer therapeutics and diagnostics for personalised medicine, today announces that its leadΒ compound, VAL201, is completing the dose escalation part of its Phase l/ll Clinical Trial.

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VAL201 demonstrates safety and tolerability and no significant adverse effects have been recorded, confirming the previously announced First-In-Human results. Other measurements taken so far are comparable to the positive results seen pre-clinically.

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For the expansion phase, further Clinical Trial Centres, in addition to UCLH, are being opened in order to extend the availability of test patients. This phase will continue during 2016 as described in the approved protocol. During the latter part of the trial, the primary and secondary outcomes will be further refined and results relating to the applicability and efficacy of the treatment will be expanded.

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Public details of the trial can be found on the website www.Clinicaltrials.gov.Β 

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VAL401

Following on from the earlier announcement of the establishment of a Clinical Trial Contract with Clinical Accelerator, the protocols and associated files have been drafted for submission to the appropriate regulatory authorities and ethics committees.

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The trial is to be entitled: "A Phase II study to assess the efficacy, safety and tolerability of VAL401 in the treatment of patients with locally advanced or metastatic Non-Small Cell Lung Cancer (NSCLC) after failure of at least one prior chemotherapeutic regimen".

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The preparatory clinical process is proceeding according to timetable and it is anticipated that the trial will begin recruitment during the earlier part of 2016.

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***ENDS***

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For more information, please contact:

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ValiRx plc

Tel: +44 (0) 20 3008 4416

Dr Satu Vainikka

www.valirx.com

Cairn Financial Advisers LLP (Nominated Adviser)

Tel: +44 (0) 20 7148 7900

Liam Murray / Avi Robinson

Northland Capital Partners Limited (Broker)

Tel: +44 (0) 20 7382 1100

Patrick Claridge / David Hignell (Corporate Finance)

John Howes / Abigail Wayne (Broking)

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Peckwater PR

Tel: +44 (0) 7879 458 364

Tarquin Edwards

tarquin.edwards@peckwaterpr.co.uk

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Notes for Editors

ValiRx Plc

ValiRx Plc is a biopharmaceutical company developing novel technologies and products in oncology therapeutics and diagnostics. The product focus is in the epigenomic analysis and treatment of cancer, but the technologies can be applied to other fields as well, such as neurology and inflammatory diseases.

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The Company has undertaken toΒ develop a novel and groundbreaking class of therapeutics across a number ofΒ fields in oncology and has taken its lead compound, Val201, into Phase I/IIΒ clinicalΒ trials. The Company listed onΒ the Alternative Investment Market ("AIM") of the London StockΒ Exchange in October 2006.

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The Company has a pipeline ofΒ other therapeutic drugs, which are currently progressing towards clinicalΒ trials. The product focus is in the targeted analysis and treatment of cancer,Β but theΒ technologies can be applied to other fields as well, such as neurologyΒ and inflammatory diseases.

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It actively manages projectsΒ within its portfolio as a trading company. The ValiRx business model spreads the risks of life science technologyΒ development by minimising financial exposure andΒ running a set of projects toΒ defined commercial endpoints. This maximises returns to shareholders by adding value at the earlier stages where value increases per investment unit are theΒ greatest.

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The Company operates through theΒ following divisional companies:

1. ValiPharma is the therapeuticsΒ division, with two embedded technologies primarily directed at the treatment ofΒ cancers.

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2. ValiFinn is the biomarkers andΒ diagnostic development division. ValiRx acquired through its ValiFinn subsidiary, the complimentary TRAC technologyΒ later in the year to strengthen the portfolio.

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3. ValiSeek is a joint ventureΒ between ValiRx and Tangent Ltd to develop Val401 in lung cancer and potentiallyΒ other indications.

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This information is provided by RNS
The company news service from the London Stock Exchange
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END
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RESFFUFSUFISEDF
Date   Source Headline
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18th Mar 20087:50 amPRNValibio Research Update
13th Feb 20087:55 amPRNLetter of Intent
29th Jan 20087:00 amPRNAustralian GeneICE Patent Granted
23rd Jan 20087:00 amPRNMorphogenesis Update
17th Jan 20087:00 amPRNGeneICE – CRT Research Update
31st Dec 20077:00 amRNSTotal Voting Rights
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