Trinity Delta Lighthouse: Redx Pharma
Trinity Delta view: Redx Pharma has an enviable record of developing differentiated “best in class” compounds. This is due primarily to its undoubted medicinal chemistry expertise. Management has created an attractive, and well balanced, clinical portfolio; with two in-house assets (RXC004 and RXC007) and two partnered programmes (AstraZeneca and Jazz Pharmaceuticals). The progression of RXC004 into Phase II trials marks an important milestone in the development of this lead programme and follows the recent de-risking of the regulatory pathway for ROCK2 inhibitor RXC007. Our rNPV model, employing deliberately conservative assumptions, generates a £350.7m valuation, equivalent to 128p/share (86p fully diluted).Redx Pharma is engaged in drug discovery, pre-clinical development and licensing. The principal activities of the business are the discovery and development of proprietary, small molecule drugs to address areas of high, unmet medical need. Co. is developing a porcupine inhibitor drug candidate, RXC004, as a cancer treatment using in vivo models of pancreatic and gastric cancer. ROCK1/2 inhibitors (known as systemic pan-Rock inhibitors) are known to induce hypotension. Co.'s ROCK inhibitor is designed to only work at the site of action in the gastrointestinal tract and degrades quickly, once absorbed, through enzyme-mediated metabolism in the blood, deeming it a soft inhibitor.
We are experienced healthcare and life sciences analysts providing the highest quality service to companies in these sectors and to investors. We have expertise in the fields of the biotech, medtech , specialty pharma and consumer health sectors.
The old-fashioned values of the City enabled London to become a global financial centre, and we pride ourselves for our integrity and professionalism, where our word is our bond. This applies to our research, and all interactions with companies, the buyside and other partners.
We also firmly believe that by putting our clients first, we create long term value for all stakeholders.
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.