Submission of Clinical Trial Application re VAL201

RNS Number : 2082J

ValiRx PLC

10 June 2014

 

10 June 2014

ValiRx Plc

("ValiRx" or "the Company")

Re: Submission of application to progress VAL201 in human patient studies ("CTA")

ValiRx Plc (AIM: VAL), the life science company with a focus on cancer diagnostics and therapeutics for personalised medicine, is pleased to report that it has submitted an application to the Medicines and Healthcare Products Regulatory Agency ("MHRA") for a phase I/II extended clinical study, or trial, of VAL201 in people with cancer. VAL201 is ValiRx's leading anti-cancer therapeutic candidate.

The Company and its team of clinical associates and advisors plan to conduct "A Phase I/II, dose escalation study to assess the safety and tolerability of VAL201 in patients with locally advanced or metastatic prostate cancer and other advanced solid tumours." The study takes place at University College London Hospital when all the consents have been given. The Company will provide further information as the study progresses.

Dr Satu Vainikka, CEO of ValiRx, commented:  "We are delighted that the team have taken the VAL201 clinical trial programme to the Human trial stage, but importantly, have taken the study beyond what was originally envisaged and onto the threshold of Phase II.  I look forward to further progress and to updating shareholders accordingly".

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For more information, please contact:

ValiRx plc	Tel: [phone]
Dr Satu Vainikka	www.valirx.com
Cairn Financial Advisers LLP (Nominated Adviser)	Tel: [phone]
Liam Murray / Avi Robinson
Daniel Stewart & Company Plc (Broker)	Tel: [phone]
David Hart
Peckwater PR	Tel: [phone]
Tarquin Edwards	[e-mail]

Notes for Editors

ValiRx Plc

ValiRx Plc is a biopharmaceutical company developing novel technologies and products in oncology therapeutics and diagnostics. The product focus is in the epigenomic analysis and treatment of cancer, but the technologies can be applied to other fields as well, such as neurology and inflammatory diseases.

The Company listed on AIM in October 2006 and is creating a portfolio of innovative products through investment in specific development projects. It actively manages projects within this portfolio as a trading company and is not an investment vehicle. The ValiRx business model spreads the risks of life science technology developments by minimising financial exposure and running a set of projects to defined commercial endpoints. This maximises returns to shareholders by adding value at the earlier stages where value increases per investment unit are the greatest.

The Company operates through the following divisional companies:

1. ValiFinn is the biomarkers and diagnostic development division

2. ValiPharma is the therapeutics division with two embedded technologies primarily directed at the treatment of cancers.

 

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