25 May 2012

ValiRx teams with Physiomics

13/09/2011 Ben Jaglom

Pharma minnnow ValiRx (VAL) has signed a deal with fellow AIM constituent Physiomics (PYC) for the development of its VAL201 treatment.

The company declared it had signed a deal with Oxford-headquartered Physiomics, who will be using their 'systems biology expertise' to assists ValiRx in the development of VAL201, with ValiRx insisting that it will 'speed its progress through the next stage of VAL201's preclinical programme.'

The deal is on a revenue share basis, with Physiomics to receive a percentage of licensing income from ValiRx from  the use of VAL201, a treatment for prostate cancer. ValiRx notes that it will be retaining all intellectual property rights for its drug.

ValiRx's chief executive officer Satu Vainikka remarked that it was an 'exciting opportunity for VAL201 in its progression towards clinical trials' adding that the 'shorter timelines and improved clinical outcomes' will both save ValiRx money and should 'increase interest in the company with potential licensing partners.'

Growth Company Investor last recommended shares in ValiRx this month at 0.63p, and they currently trade at the same price. The deal has the potential to increase VAL201's chances of becoming a profitable treatment but it is too early to conclude more based on the agreement. We retain our speculative buy rating in the volatile stock.

Tags: Cancer drug discovery, Pharma on AIM, Volatile stocks

Sector: Pharmaceuticals & Biotechnology

Companies: Valirx , Physiomics

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