Prescient Therapeutics - PTX-100 to target RhoA-mutant lymphomas
Prescient Therapeutics is planning a clinical trial of PTX-100 in RhoA-mutant lymphomas, a niche indication where the company could potentially conduct a pivotal study before out-licensing. It has resumed recruitment in the Phase Ib component of trials of lead anti-cancer compound PTX-200 in acute myeloid leukaemia (AML) and ovarian cancer, and is working with the FDA to recommence its Phase II breast cancer study. The company had A$6.9m cash on 30 September, sufficient to fund operations into FY19. We value Prescient at A$62m or A$0.29 per share.Prescient Therapeutics is a holding company. Through its subsidiaries, Co. is engaged in: the construction of vectors and biologic components, and the manufacture of biologic drugs for clinical trial purposes; the preparation for and conduct of clinical trials; business development associated with the promotion of its technologies; and business development associated with developing collaborative, partnership relationships and corporate transactions.
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