Update: STORM shows promise at AACR
Initial data from STORM presented at AACR highlight the potential for CAVATAK (oncolytic virus) to be delivered IV as well as by intratumoural injection, broadening the appeal to potential partners. CAVATAK could be attractive to big pharma companies seeking complementary therapies to boost immune responses to their checkpoint inhibitors. The FDA panel’s vote in favour of Amgen’s T-vec oncolytic virus is likely to increase interest in CAVATAK. We value Viralytics at A$147m or A$0.80 per share.Viralytics is engaged in advancing the clinical and preclinical development of its product CAVATAK™. Co. is actively progressing with development of CAVATAK across a range of cancers within targeted clinical trials.
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