Oncology Venture - COVID-19 programme to enter the clinic soon
On 26 August 2020 Oncology Venture reported that its PARP inhibitor stenoparib (aka 2X-121) demonstrated activity against COVID-19 in vitro. Following up on this on its 28 August earnings conference call, the company announced that it intends to advance the programme to the clinic as soon as possible and it is currently seeking financing through grants and other sources to support the programme.Oncology Venture A/S, formerly known as Medical Prognosis Institute A/S, is a Denmark-based company engaged in the development of anticancer medicines. It is primarily focused on the tool development for identification of patients with the highest probability of responding to a particular drug candidate, which increases the chance that the drug candidate is to be successful in clinical trials. The Company aims to improve the response rate of anticancer medicines whose clinical development has been suspended. After the clinical trials, the Company is to out-license or sell the drug candidates with a high response rate. The Company's main drug candidates are comprised of APO010, Irofulven and LiPlaCis.
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