N4 Pharma Plc (AIM: N4P), provide details of its work plan following the encouraging data from its oncology research as announced on 13 December 2021. The company sounded very positive with the update released this week.
Share talk spoke with Nigel Theobald, covering the latest announcement and asking him about the market response to news being released by the company, current share price and how often do they have to update the markets?
Are you fully funded for the current work streams in Q1/2, 2022? Yes, we have more than sufficient funds to carry out the work planned.
Nigel Theobald, Chief Executive Officer of the Company, commented: ” We are delighted that our successful work in formulating Nuvec® as a monodispersed formulation that can be freeze-dried and reconstituted has opened up the opportunity for the Company to use Nuvec® via intravenous injection and to develop products using Nuvec® as a nano-carrier of nucleotides including DNA, RNA, SiRNA with specific clinical use in oncology, gene therapy and protein replacement.
“The oncology, gene therapy and protein replacement markets are very large and attracting significant and varied interest. Based on our current data, these markets provide the Company with the quickest route to bring products into clinical trials, far quicker than using it for vaccines. With our vaccine work now continuing through MTAs, our primary focus is on these studies with Catapult and advancing our data set to a meaningful inflexion point in the coming months and I look forward to providing updates to the market in due course.”
* The Medicines Discovery Catapult is a government funded, not-for-profit organisation established by Innovate UK to support UK innovation. The Catapult Network brings together nine leading technology and innovation centres spanning over 40 locations across the UK. Catapults are physical centres with cutting-edge R&D infrastructures including hubs, laboratories, testbeds, factories and offices, as well as technical experts that prove and adopt breakthrough products, processes, services and technologies.
Catapults work with thousands of innovative businesses across a wide range of sectors, such as manufacturing, space, health, digital, energy, transport, telecoms, the urban environment and many others to help industry get high potential ideas to market – fuelling business growth, and increasing productivity.
N4 Pharma Plc
Nigel Theobald, CEO
Luke Cairns, Executive Director
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