REG - ValiRx PLC - Evaluation agreement with Hokkaido University

ValiRxAnnouncement

16/12/2021 10:50

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RNS Number : 9047V  ValiRx PLC  16 December 2021

16 December 2021

ValiRx PLC ("ValiRx" or the "Company")

Evaluation agreement with Hokkaido University

 

ValiRx Plc (AIM: VAL), a life science company focusing on early-stage cancer
therapeutics and women's health, has entered into an evaluation agreement with
Hokkaido University (Japan) to investigate a drug candidate for use in
oncology.

Under the agreement, the Company will carry out a defined series of
preclinical tests on the peptide drug candidate molecule over the next twelve
months to validate the technology and determine suitability for
commercialisation.  This preclinical evaluation, the cost of which will be
borne by ValiRx of up to £100,000, will investigate the action of the
molecule against Endometrial, Pancreatic and Bile Duct Cancers.

At the conclusion of the evaluation period (December 2022), the Company has an
option to license the technology on pre-agreed terms.

Dr Suzy Dilly, CEO of ValiRx commented: "The peptide drug candidate under
evaluation in this agreement has been developed for a completely novel cancer
target.  This cutting-edge technology has potential to enable a first in
class drug development programme to be launched in these important therapeutic
areas."

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulations
(EU) No. 596/2014 as it forms part of UK Domestic Law by virtue of the
European Union (Withdrawal) Act 2018 ("UK MAR"). The Directors of the Company
take responsibility for this announcement.

*** ENDS ***

 

For more information, please contact:

 

 ValiRx plc                                          Tel: +44 (0) 2476 796496

                                                     www.valirx.com (http://www.valirx.com)

 Dr Suzanne Dilly, CEO                               Suzanne.Dilly@valirx.com

 Cairn Financial Advisers LLP (Nominated Adviser)    Tel: +44 (0) 20 7213 088

 Liam Murray/Jo Turner/Ludovico Lazzaretti

 Cenkos Securities Limited (Broker)                  Tel: +44 (0) 20 7397 8900

 Russell Kerr/Michael Johnson (Sales)

 Callum Davidson/Giles Balleny (Corporate Finance)

 

 

Notes for Editors

About ValiRx

ValiRx accelerates the development of treatments in oncology and women's
health to improve patient lives. We provide the scientific, financial and
commercial framework towards enabling rapid translation of innovative science
into clinical development.

With our extensive and proven experience in research and drug development, we
select and incubate promising novel drug candidates and guide them through an
optimised process of development, from pre-clinical studies to clinic and
investor-ready assets.

Integrating science and business

We connect diverse disciplines across scientific, technical and commercial
domains, with the aim of achieving a more streamlined, less costly, drug
development process.  We work closely with our selected collaborators and
leverage the combined expertise required for science to advance.

Lead candidates from our portfolio are out-licensed or partnered with
investors through ValiRx subsidiary companies for further clinical development
and commercialisation. https://www.valirx.com/ (https://www.valirx.com/)

The Company listed on the AIM Market of the London Stock Exchange in October
2006 and trades under the ticker symbol: VAL.

 

About Hokkaido University

Founded in 1876, Hokkaido University is one of the oldest, largest, and most
prestigious universities in Japan. The university houses cutting-edge research
facilities, a university hospital, and research centers in medical fields.
Its researchers are working towards the advancement of human knowledge and
resolution of global issues through their outstanding work. Hokkaido
University has two Nobel Prize laureates in chemistry (Dr. Akira Suzuki in
2010 and Dr. Benjamin List in 2021).

 

 

Cautionary statement

Certain statements made in this announcement are forward-looking statements.
Such statements are based on current expectations and assumptions and are
subject to a number of risks and uncertainties that could cause actual events
or results to differ materially from any expected future events or results
expressed or implied in these forward-looking statements. Persons receiving
this announcement should not place undue reliance on forward-looking
statements. Unless otherwise required by applicable law, regulation or
accounting standard, the Company does not undertake to update or revise any
forward-looking statements, whether as a result of new information, future
developments or otherwise.

 

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