The new Board & Management team of Redx is focusing its financial resources (ca.£12.5m) on progressing its lead candidates in oncology and fibrotic disease into the clinic. The company has announced recently that the first patient has been treated with RXC004, a porcupine inhibitor indicated for a number of tumour types, in a Phase I/IIa proof-of-concept clinical trial. By entering humans, Redx has hit an important development milestone and evolved into a clinical-stage biopharmaceutical company. The group’s strategy was validated in 2017 by the successful disposal of its pre-clinical programme BTK for $40m.
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