Pharmiweb ChannelsAll | PharmaCo | Clinical Research | R&D/BioTech | Sales/Mktg | Healthcare | Recruitment | Pharmacy | Medical Comms

Pharmiweb.com RSS Feed Pharmiweb.com RSS Feeds

Pharmiweb.com RSS Feed PharmiWeb Candidate Blog

Pharmiweb.com RSS Feed PharmiWeb Client Blog

Advertising

Press Release

PCI Biotech: First quarter 2017 report and presentation

PCI Biotech Holding
Posted on: 16 May 17

Oslo, 16 May 2017 - Please find enclosed the financial report and presentation for first quarter 2017.

Highlights

fima Chem

  • Presentation of the Phase I data at The International Liver Congress and the Annual Meeting of the US Cholangiocarcinoma Foundation
  • Interaction with authorities to determine fastest way to market
  • Preparing for repeated treatments in Phase II through an extension of Phase I

fima Vacc  

  • Progressing the Phase I study in healthy volunteers for clinical validation of the vaccination technology
  • Awarded up to NOK 14.3 million from the Norwegian Research Council for further development of the vaccination platform

Corporate

  • Completed the fully underwritten rights issue of NOK 70 million

CEO, Per Walday, comments:
"The emerging interim Phase I data in bile duct cancer presented at the International Liver Congress supports our regulatory interactions to determine the fastest way to market for fimaChem. It is still early days, but we have promising signs of effect and survival from Phase I in this orphan indication. The completed fully underwritten rights issue of NOK 70 million enables PCI Biotech to strengthen the fimaChem asset through a Phase I extension, to explore safety of repeated treatments in parallel with the preparations for Phase II.

The near-term focus for the company is to get regulatory clarity on the requirements for a marketing authorisation for fimaporfin in bile duct cancer, initiate the Phase I extension and to complete the clinical translation of the promising preclinical results with fimaVacc".

A presentation in English will be held today, Tuesday 16 May 2017, at Oslo Cancer Cluster Innovation Park.

Time: Tuesday May 16 2017, 09.00am -10.00am CEST (local time).
Venue:  Jónas  Einarsson  aud.  (2nd  floor,  entrance  2B), Oslo Cancer Cluster
Innovation Park, Ullernchausséen 64, Oslo.

The presentation can be followed as a live audiocast from Hegnar TV ( http://webtv.hegnar.no/presentation.php?webcastId=52726738 ), and it will be possible to post questions through the webcast console.

About PCI Biotech         
PCI Biotech is a biopharmaceutical company focusing on development and commercialisation of novel therapies for the treatment of cancer through its innovative photochemical internalisation (PCI) technology platform. PCI is applied to three distinct anticancer paradigms: fimaChem (enhancement of chemotherapeutics for localised treatment of cancer), fimaVacc (T-cell induction technology for therapeutic vaccination), and fimaNAc (nucleic acid therapeutics delivery).

Photochemical internalisation induces triggered endosomal release that is used to unlock the true potential of a wide array of therapeutic modalities. The company's lead fima Chem programme consists of a Phase I/II clinical study in bile duct cancer, an orphan indication with a high unmet need and without approved products. fima Vacc applies a unique mode of action to enhance the essential cytotoxic effect of therapeutic cancer vaccines, which works in synergy with several other state-of-the-art vaccination technologies. fima NAc utilises the endosomal release to provide intracellular delivery of nucleic acids, such as mRNA and siRNA therapeutics, thereby addressing one of the major bottlenecks facing this emerging and promising field.
For more information visit: www.pcibiotech.com

Contact information: PCI Biotech Holding ASA, Ullernchausséen 64, N-0379 Oslo                
Ronny Skuggedal, CFO, rs@pcibiotech.no, Mobile: +47 9400 5757

This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act. PCI Biotech Q1 2017 Report
PCI Biotech Q1 2017 Presentation


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: PCI Biotech Holding via GlobeNewswire
HUG#2104923
GlobeNewswire
globenewswire.com

Last updated on: 17/05/2017

Advertising
Share | | |
Site Map | Privacy & Security | Cookies | Terms and Conditions

PharmiWeb.com is Europe's leading industry-sponsored portal for the Pharmaceutical sector, providing the latest jobs, news, features and events listings.
The information provided on PharmiWeb.com is designed to support, not replace, the relationship that exists between a patient/site visitor and his/her physician.