Redx Pharma (REDX): Streamlined, focused and good value
Redx Pharma (REDX) is a clinical-stage R&D company focused on drugs targeting oncology and fibrotic disease. 2018 was a year that reset the benchmarks – new management team, restructured organisation focused on two therapeutic areas, and a clean balance sheet with £6.5m cash. 2019 should be a busy year for the company, with several major milestones expected. RXC004, is due to re-start a Phase I/IIa trial for cancer with a revised formulation and dosing schedule. RXC006 has been nominated as the first development candidate in theanti-fibrotic programmes for progression to proof-of-concept trials.
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