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N4 Pharma PLC - Derbyshire, England-based pharmaceutical company - Reports a pretax loss of GBP1.8 million for 2021, widening 18% from GBP1.6 million the previous year. Says year focused on in vivo studies of Nuvec, a delivery system for cancer treatments and vaccines, which did not return any "meaningful" immunological response in studies carried out by Hamburg-based drug development company Evotec SE. Says that on the back of increased data the company can now narrow its focus on the oncology and gene therapy market.
"Whilst we are not there yet and it will be results driven, our path to the commercialisation of Nuvec is clearer now than perhaps at any time previously." says Chair John Chiplin.
Current stock price: 2.40 pence, down 14%
12-month change: down 74%
By Heather Rydings; heatherrydings@alliancenews.com
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