Notice of Admission to Trading on The Official List and to Trading on the
Following a Reverse Takeover on the
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Security: |
ORDINARY SHARES OF 0.1P EACH, FULLY PAID |
SEDOL: |
BYW79Y3 |
ISIN: |
GB00BYW79Y38 |
Nuformix Summary
Nuformix is a
NXP001:
· NXP001 is based on a currently marketed treatment in the field of oncology supportive care, which addresses some of the severe side effects faced by cancer patients in their treatment.
· It provides entry into the large and growing oncology supportive care market, currently estimated at
NXP002:
· NKP0002 is based on a known drug for the treatment of allergies. In this case, Nuformix seeks to reprofile the drug to treat a range of fibrotic conditions, which can occur in organs such as the lungs, liver or heart.
· NXP002 provides a route into the large, emerging fibrosis market, currently estimated at over
· The Directors and Directors on Admission believe that there is high unmet need in an exponentially growing and critically ill patient population and strong potential for early out-licensing given the potential to treat a breadth of fibrotic conditions.
Nuformix Strategy
The Directors and Directors on Admission believe that approved drugs offer the potential to generate significant value in new therapeutic uses, as proven safety reduces development risk/cost and increases speed to clinic/market versus traditional biotech models. Nuformix's strategy seeks to harnesses these strategic advantages:
· Identify known drug molecules with the potential to function as innovative therapies for unmet medical needs
· Use cocrystal technology to protect and enable such molecules towards new commercially attractive product opportunities
· Lower-risk human studies will provide validation to support out-licensing and further development by pharmaceutical partners
· A balanced pipeline combines assets for early out-licensing with those offering significant mid-term partnering potential
· Early licensing revenues allow Nuformix to self-fund future discovery and development and build greater value into our pipeline
Development Pipeline
· Innovative Generics: Deliver a material benefit to an existing drug in its existing use, such that therapeutic and commercial advantages are created (e.g. reduction of side effects)
· Drug Reprofiling: Creating novel uses for existing drug molecules in areas of unmet need that would not be possible for the pure drug form.
The Directors and Directors on Admission believe that this approach will allow re-use of existing safety data, reducing the time and cost of achieving clinical proof-of-concept and increasing success rates versus traditional biotech models.
Nuformix has completed research partnerships with Vectura Limited ("Vectura") (LSE:VEC) and
Follow Nuformix on Vox Markets: follow at www.voxmarkets.co.uk/company/NFX
and www.nuformix.com
Enquiries:
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+44 (0)1223 423667
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+44 (0)20 7659 1234
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+44 (0)20 7193 7463
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This information is provided by RNS