ValiRx to present at key Cancer Conference

Shares in life science company ValiRx rose on Tuesday morning after the AIM-listed company announced that it would be presenting at the American Association for Cancer Research Conference this year.

Shares in life science company ValiRx rose on Tuesday morning after the AIM-listed company announced that it would be presenting at the American Association for Cancer Research Conference this year.

The conference, which was attended by approximately 17,000 delegates last year, is seen as a key event designed to showcase and bring together developments in major areas of cancer research.

The company said that its participation in the upcoming conference on April 6th represented the first time it had been selected to give a presentation at the event.

The company further reported that a "number of key milestones" had been achieved, in particular for VAL 201, the company's anti-cancer therapeutic which has been in the clinical development phase for prostate cancer since the summer of 2012.

Having been in dialogue with regulatory authorities, ValiRx said it was finalising the associated regulatory activities for the first-in-man studies - commonly termed phase 1a and Ib/IIa studies. The phase 1a studies are expected to complete in 2013, subject to suitable patient access.

The company's other key compound - VAL 101 - a development programme for down regulation of rebellious genes, was described as being at an "advanced pre-clinical stage".

Satu Vainikka, Chief Executive Officer of ValiRx, said: "Our technical and commercial progress over the past year has been pleasing and we are well set for the future as we look to further establish ourselves at the forefront of personalised oncology development."

ValiRx's share price was up 4.04% to 0.52p at 08:37 on Tuesday.

MF

Recommended

Share tips of the week – 30 September
Share tips

Share tips of the week – 30 September

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
30 Sep 2022
The best British tech stocks from a thriving sector
Share tips

The best British tech stocks from a thriving sector

Move over, Silicon Valley. Over the past two decades the UK has become one of the main global hubs for tech start-ups. Matthew Partridge explains why,…
29 Sep 2022
These 3 top value stocks offer
Share tips

These 3 top value stocks offer

Professional investor Adam Rackley of Cape Wrath Capital highlights three overlooked value stocks to buy.
29 Sep 2022
Three top-notch Asian stocks to buy
Share tips

Three top-notch Asian stocks to buy

Professional investors Adrian Lim and Pruksa Iamthongthong, managers of the Asia Dragon Trust, pick three of their favourite Asian stocks to buy now.
23 Sep 2022

Most Popular

Why everyone is over-reacting to the mini-Budget
Budget

Why everyone is over-reacting to the mini-Budget

Most analyses of the chancellor’s mini-Budget speech have failed to grasp its purpose and significance, says Max King
29 Sep 2022
How the end of cheap money could spark a house price crash
House prices

How the end of cheap money could spark a house price crash

Rock bottom interest rates drove property prices to unaffordable levels. But with rates set to climb and cheap money off the table, we could see house…
28 Sep 2022
Why UK firms should start buying French companies
UK stockmarkets

Why UK firms should start buying French companies

The French are on a buying spree, snapping up British companies. We should turn the tables, says Matthew Lynn, and start buying French companies. Here…
28 Sep 2022