R&D update: RXC004 and RXC007 in the spotlight
Lighthouse | 12 October 2021
Trinity Delta view: This Virtual R&D event provided third-party validation of the quality of Redx Pharma’s medicinal chemistry expertise in solving druggability issues. Both RXC004 and RXC007 target proven biological pathways that have been difficult to safely address. Recent RXC004 Phase I monotherapy results and these initial RXC007 data demonstrate promising safety profiles and attractive dosing profiles. News flow over the next 12-18 months should provide greater visibility on the clinical potential for both programmes. Our rNPV model, based on conservative assumptions, generates a £350.7m valuation (or 128p/share).
12 October 2021
|Primary exchange||AIM London|
Redx Pharma specialises in the discovery and development of small molecule therapeutics, with an emphasis on oncology and fibrotic diseases. It aims to initially progress them through proof-of-concept studies, before evaluating options for further development and potential value creation.
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