REG - ValiRx PLC - Inaphaea Evaluation and Commercial Use Agreement

ValiRxAnnouncement

18/09/2024 07:00

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RNS Number : 5918E  ValiRx PLC  18 September 2024

ValiRx plc

 

("ValiRx" or the "Company")

 

Inaphaea Evaluation and Commercial Use Agreement

 

London, UK - ValiRx Plc (AIM: VAL), a life science company focusing on
early-stage cancer therapeutics and women's health, provides the following
update from its wholly owned subsidiary Inaphaea BioLabs Limited ("Inaphaea").

Inaphaea is pleased to confirm the execution of an Evaluation and Commercial
Use Agreement (the "Agreement") with Spanish contract research organisation
Xenopat S.L. ("Xenopat") to provide Inaphaea's Patient Derived Cells ("PDC")
for evaluation and commercial use in Xenopat's in-vivo Xenograft platform.
The contract provides access Inaphaea's 470+ PDCs which can be added at any
time.

Inaphaea will be entitled to an upfront fee and a percentage of service
royalties on commercialisation of the models. Both companies have also agreed
to co-market their respective services and target non-dilutive funding to
expand the development through European grant schemes. The Agreement is for an
initial period of 12 months and may be extended in writing by mutual
agreement.

Andrew Carnegie, Head of Strategic Commercial Development at Inaphaea,
commented "We continue to expand our market reach and capabilities through
great partnerships. This win-win approach should accelerate commercialisation
of our biobank assets and expand our in-vitro service to Xenopat's clients."

Mark Eccleston, CEO of ValiRx commented "This deal marks another milestone in
the commercialisation of Inaphaea's PDC bank expanding the range of in-vivo
models available for commercial use. Xenopat's expertise in Xeonograft models
makes them an ideal partner to further deploy our biobank of over 470 PDCs to
their clients whilst broadening our commercial reach for in-vitro service
contracts."

Anna Portela, CEO of Xenopat, commented "Our new partnership with Inaphaea is
an important step forward for the growth of both companies. We look forward to
developing new Xenograft models for our clients using the Inaphaea PDCs whilst
offering our client base earlier stage, high throughput in-vitro capabilities
through Inaphaea translational Research capabilities."

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) 115 784 0026

                                                   www.valirx.com

 Dr Mark Eccleston, CEO                            info@valirx.com (about:blank)

 V Formation (Public Relations)                    +44 (0) 115 787 0206

                                                   www.vformation.biz (about:blank)

 Lucy Wharton - Senior PR Executive

 Sue Carr - Director                               lucy@vformation.biz

                                                   sue@vformation.biz
 Cairn Financial Advisers LLP (Nominated Adviser)  Tel: +44 (0) 20 7213 0880

 Liam Murray/Jo Turner/Ludovico Lazzaretti

 Shard Capital Partners LLP (Sole Broker)          Tel: +44 (0) 20 7186 9000

 Damon Heath

 

 

Notes for Editors

 

About ValiRx

 

ValiRx is a life science company focused on early-stage cancer therapeutics
and women's health, accelerating the translation of innovative science into
impactful medicines to improve patient lives.

ValiRx provides the scientific, financial, and commercial framework for
enabling rapid translation of innovative science into clinical development.

Using its extensive and proven experience in research and drug development,
the team at ValiRx selects and incubates promising novel drug candidates and
guides them through an optimised process of development, from pre-clinical
studies to clinic and investor-ready assets.

ValiRx connects diverse disciplines across scientific, technical, and
commercial domains, with the aim of achieving a more streamlined, less costly,
drug development process. The team works closely with carefully selected
collaborators and leverages the combined expertise required for science to
advance.

Lead candidates from ValiRx's portfolio are outlicensed or partnered with
investors through ValiRx subsidiary companies for further clinical development
and commercialisation.

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

For further information, visit: www.valirx.com (about:blank)

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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