RXC004 2mg dose selected for Phase II trials
Lighthouse | 27 July 2021
Trinity Delta view: Redx Pharma has an enviable record of developing differentiated “best in class” compounds. This is due primarily to its undoubted medicinal chemistry expertise. Management has created an attractive, and well balanced, clinical portfolio; with two in-house assets (RXC004 and RXC007) and two partnered programmes (AstraZeneca and Jazz Pharmaceuticals). The progression of RXC004 into Phase II trials marks an important milestone in the development of this lead programme and follows the recent de-risking of the regulatory pathway for ROCK2 inhibitor RXC007. Our rNPV model, employing deliberately conservative assumptions, generates a £350.7m valuation, equivalent to 128p/share (86p fully diluted).
27 July 2021
|Primary exchange||AIM London|
Redx Pharma specialises in the discovery and early clinical development of small molecule therapeutics, with an emphasis on oncology and fibrotic disease. Typically, these are progressed through proof-of-concept studies and then partnered for further development. The strategy has been validated by several collaborations.
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