leadf
logo-loader
viewPharmaxis Ltd

Pharmaxis making strong progress with significant value inflection points ahead

Gary Phillips, chief executive of Pharmaxis Ltd (ASX:PXS) tells Proactive they're continuing to make good progress with their drug development programmes.

After receiving $42 million in milestone payments from Boehringer Ingelheim, the company expects more results later in 2018 which will impact the risk-adjusted valuation of the deal.

Phillips says the NASH study is due to read out in the September quarter and the diabetic retinopathy study in the December quarter this year.

He adds that both studies will provide the first clinical proof of concept in humans and, if positive, would represent a huge step forward in their progress.

The second key event for Pharmaxis will be the mid‐year read out from the phase 1 studies that are underway on their two lead candidates from the anti fibrotic LOXL2 program.

Quick facts: Pharmaxis Ltd

Price: 0.094 AUD

ASX:PXS
Market: ASX
Market Cap: $37.3 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Pharmaxis Ltd named herein, including the promotion by the Company of Pharmaxis Ltd in any Content on the Site, the Company receives from said...

FOR OUR FULL DISCLAIMER CLICK HERE

Pharmaxis CEO says US FDA approval for Bronchitol® is 'big day in company's...

Pharmaxis Ltd's (ASX:PXS) (OTCMKTS:PXSLY) (FRA:UUD) Gary Phillips speaks to Proactive's Andrew Scott following the news the US FDA has approved its cystic fibrosis treatment Bronchitol®. The milestone clears Bronchitol for sale in the US as an add‐on maintenance therapy to improve pulmonary...

3 weeks, 6 days ago

2 min read