Oslo (Norway), 8 May 2018 - PCI Biotech (OSE: PCIB), a cancer focused
biopharmaceutical company today announces its interim first quarter 2018
result. Please find enclosed the Q1 2018 report and presentation.
The dose-escalation part of the fima ChemPhase I study in bile duct cancer
continues to deliver encouraging survival data, with the latest update from
March 2018 providing an interim average overall survival of 17.4 months, with
25% of the patients still being alive. The company is currently focusing on
completion of discussions with advisors and contract research organisations
on the full pivotal study design, as well as completion of the extension
study that may allow for repeated fima Chemtreatment in the pivotal study.
The initial results from the fima VaccPhase I study in healthy volunteers
reported last year indicate enhanced overall T-cell responses at tolerable
dose levels, as well as early responses and high response rates. The
dose-finding part of the study is completed with more than 90 subjects
included, offering a large library of clinical fima Vacctest samples. The
near term focus is now on in-depth analysis and characterisation of the
immune responses.
Our alliances in the fima NAcprogramme are progressing well and the research
collaboration with a top-10 pharma company, which entered into a new stage (
in vivo) in Q3 2017, has been further extended to the end of Q2 2018.
The listing of PCI Biotech was on 27th April 2018 transferred from Oslo Axess
to Oslo Børs. This is seen as a natural, important development step, as the
Company is approaching a pivotal clinical phase, and the market cap and
shareholder base have developed positively over the last years. The listing
on Oslo Børs is expected to enhance the visibility, strengthen the Company
profile and make the shares more attractive to investors.
Per Walday, CEO of PCI Biotech, comments: The deliberations with clinical
advisors on the final design of the fima Chempivotal study in bile duct
cancer is progressing well towards study initiation in second half of 2018.
We will revert to the market with information on the full study design when
these discussions have concluded. The dose-finding part of the fima VaccPhase
I study has been completed with more than 90 subjects included. We will now
focus on in-depth characterisation of the promising immune response results
and discuss these with international immunology experts, before determining
the fima Vaccstrategy. We are very pleased to announce the transfer of
listing to Oslo Børs, which we expect will increase the visibility and
attractiveness of the company.
Highlights
*Encouraging interim overall survival data from fima Chem Phase I in bile
duct cancer.Interim average overall survival of 17.4 months, with 25% of the
patients still being alive per March 2018.
*Preparations for fima Chem pivotal phase progressing towards initiation 2H
2018. Further information on the study and the development strategy will be
announced following completion of discussions with clinical advisors.
*Dose-finding part of the fima Vacc Phase I study completed and initial
results suggests enhancement of several
parameters of importance for vaccination. Overall T-cell responses indicate
enhanced cellular immune responses, with early and high response rates.
Near-term focus is on further in-depth analysis of immune response
characteristics.
*Progress in research collaborations for the fima NAc programme.Collaboration
project with key player within nucleic acid therapeutics extended to the end
of first half 2018.
*Listing at Oslo Børs.PCI Biotech listed at Oslo Børs per 27 April 2018, as a
transfer from Oslo Axess (subsequent event).
A presentation in English will be held today, Tuesday 8 May 2018, at Oslo
Cancer Cluster Innovation Park.
Time: Tuesday 8 May 2018, 08.30am - 09.30am CEST (local time).
Venue: Jnas Einarsson aud. (2nd floor, entrance 2B), Oslo Cancer
Cluster
Innovation Park, Ullernchausséen 64, Oslo.
The presentation can be followed as a live audiocast (access through
linkhttp://webtv.hegnar.no/presentation.php?webcastId=84032843) or the
companys website under Investors - Reports and presentations - Webcasts.
It will be possible to post questions through the webcast console.