Oryzon Genomics - Advancing on multiple clinical fronts in Q1
Oryzon has reported Q123 results highlighting its near-term strategic priorities, including a favourable interim analysis of its lead asset study, the Phase IIb PORTICO study (vafidemstat, central nervous system, CNS), and the commencement of patient enrolment for the Phase Ib FRIDA study (iadademstat, oncology). Total operating expenses stood at $5.6m for Q123, largely similar to Q122, with the majority (78.1%) from R&D expenses ($4.4m) as Oryzon continues to advance its clinical pipeline. With a cash balance of $20.0m at end Q123, we estimate a cash runway into H124. Going forward, we anticipate top-line data from the FRIDA and PORTICO studies will be key catalysts. Our valuation of Oryzon adjusts to €874.1m or €15.6/share, from €869.0m previously.Oryzon Genomics SA is a Spain-based biopharmaceutical company. It is engaged in the field of epigenetic medicine and in the development of therapeutic, biological solutions for cancer and neurodegenerative diseases. The Company's business model focuses on identifying biomarkers that can be translated in new therapeutic targets, as well as on investing in programs, mainly through the development of small molecules for two main indications: cancer and neurodegeneration. The Company develops investigational medicines till proof of concept (POC) phase and then partners the program with pharmaceutical entities, which are able to get the approval from drug agencies to bring these medicines to the patients. It cooperates with Roche. The Company is a subsidiary of Laboratorio Reig Jofre SA.
Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.
.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.