Clinical/commercial stage biopharmaceutical company with strong balance sheet, but pipeline is weak - initiating with Neutral
DelMar Pharmaceuticals is a clinical stage drug development company with a focus on the treatment of cancer. Co.'s primary product candidate, VAL-083, is a small molecule chemotherapeutic, which means that the molecular structure of VAL-083 is not an analogue or derivative of a product approved, or in development for the treatment of cancer. VAL-083 is also a DNA-targeting agent. VAL-083 is approved as a cancer chemotherapeutic in China for the treatment of chronic myelogenous leukemia and lung cancer. VAL-083 has not been approved for any indications outside of China. Co. is studying VAL-083 in clinical trials for the treatment of glioblastoma multiforme, which is a form of brain cancer.
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