Hemogenyx Pharmaceuticals PLC Announces Interim Results for the Period Ended 30 June 2020

LONDON, UK / ACCESSWIRE / September 30, 2020 / Hemogenyx Pharmaceuticals plc (LSE:HEMO), the Standard Listed biopharmaceutical group developing therapies designed to transform blood disease treatment, announces unaudited interim results for the six-month period ended 30 June 2020.

All financial amounts are stated in GBP British pounds unless otherwise indicated.

Key highlights

CAR-T cells

  • Successfully constructed Chimeric Antigen Receptor (CAR) programmed T cells (“HEMO-CAR-T”) for the potential treatment of Acute Myeloid Leukemia (AML) and tested in vitro and in vivo
  • Post period end, entered into a Sponsored Research Agreement with the University of Pennsylvania to advance HEMO-CAR-T toward clinical trials; the agreement is envisaged as the first step of a larger programme that aims to achieve clinical proof of concept for HEMO-CAR-T for the treatment of AML

CDX bi-specific antibodies

  • Extended development agreement with a leading global pharmaceutical company (“GlobalCo”) to finalise manufacturability work and successfully bring CDX bi-specific antibody to a state of readiness for pre-clinical development
  • Discussions regarding a potential licensing deal are continuing with GlobalCo following the extension of the Development Agreement

COVID-19 Project

  • Deployment of groundbreaking research capabilities and technologies to develop treatments for COVID-19: using its humanised mice the Company seeks to discover human neutralising antibodies that could be used to fight SARS-CoV-2 infections, the virus that causes COVID-19

Autoimmune diseases

  • Entered into an agreement with Eli Lilly and Company in June 2020 to perform research and development activities aimed at the discovery and validation of novel materials to be used for the treatment of Lupus

Human Postnatal Hemogenic Endothelial Cell (“Hu-PHEC”) cell therapy

  • A patent application entitled Post-Natal Hemogenic Endothelial Cells and Their Isolation and Use was approved by the United States Patent and Trademark Office and a corresponding patent was granted by the European Patent Office

Funding

  • Raised a total of £3.15 million through the issue of equity in January and June to support the Company’s drug development programmes and for working capital

Fuller details on these developments are contained in the Interim Management Report below.

Commenting on the Outlook for Hemogenyx Pharmaceuticals, Sir Marc Feldmann, Chairman, said:

“The Board is very pleased with the progress being made with the development of CDX bi-specific antibodies and the development of CAR-T technology for the treatment of leukaemia, as well as the potential value that can be created through the Company’s updated humanised mouse model. The Company’s efforts to combat the COVID-19 global pandemic and other viral pathogens are of special importance. The Board believes that the Company is well advanced on the planned development steps for its CDX antibodies, and will provide further updates to shareholders as we progress toward the completion of our collaboration with GlobalCo and enter pre-clinical development. In all, the Company is on track to achieve the inflection point in its development to which I referred in the 2019 annual report.”

Click on or paste the following URL into your web browser to view announcement in full:

http://www.rns-pdf.londonstockexchange.com/rns/5155A_1-2020-9-29.pdf

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

SOURCE: Hemogenyx Pharmaceuticals PLC

View source version on accesswire.com:
https://www.accesswire.com/608393/Hemogenyx-Pharmaceuticals-PLC-Announces-Interim-Results-for-the-Period-Ended-30-June-2020

Staff

Recent Posts

Talkdesk AI Agents for voice powers human-like conversational virtual agents that operate, understand, respond, and take action autonomously, revolutionizing customer engagement

The Talkdesk Ascend AI platform, through agentic artificial intelligence, gives companies access to advanced multi-channel…

11 hours ago

Health in Tech Expands Executive Team to Drive Growth and Innovation

Dustin Plantholt appointed Chief Growth OfficerChris Kurtenbach appointed Chief Operating Officer(Jonathan) Del Lockett appointed Chief…

11 hours ago

Fathom Holdings Appoints Highly Experienced Technology Industry Expert Adam Rothstein to Board of Directors

CARY, N.C., March 17, 2025 /PRNewswire/ -- Fathom Holdings, Inc. (Nasdaq: FTHM) ("Fathom"; or the…

11 hours ago

Wonderfeel Partners with Truemed to Make Science-Backed Longevity Products HSA/FSA Eligible

SAN FRANCISCO, March 18, 2025 /PRNewswire/ -- Wonderfeel Biosciences, an industry leader in revolutionary longevity technologies,…

11 hours ago

TiE South Coast Announces The Inaugural AI2025 Innovation Awards

Recipients Personify Excellence in AI, Real-Life Leadership, and Impact across the Greater San Diego Region Winners…

11 hours ago

PrimeRx Wins at the 2025 Stevie Awards for Customer Center Excellence for Second Consecutive Year

UNIONDALE, N.Y., March 17, 2025 /PRNewswire/ -- PrimeRx, a leading provider of pharmacy management technology,…

11 hours ago