RXC008 nominated as GI-ROCK drug candidate
Lighthouse | 30 March 2022
Trinity Delta view: The selection of RXC008 is another reminder of the quality of Redx Pharma’s discovery platform. It is the strength of its medicinal chemistry expertise, where it has proven its ability to solve complex targeting issues, that underpins the investment case. RXC008 highlights the aim to create either best-in-class or first-in-class small molecules addressing clear needs in oncology and fibrotic diseases. Redx Pharma has a well-balanced clinical pipeline, with a mix of in-house and partnered programmes. This should provide a stream of news flow over the next 12-18 months as development progresses. Our rNPV model, based on conservative assumptions, generates a £434m ($564.7m) valuation, equivalent to 157.5p/share.
30 March 2022
|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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