TIDMREDX

Redx Pharma plc

13 November 2017

Hardman Research: Streamlined and clean

Streamlined and clean - Redx has emerged from administration with a refocused R&D pipeline and in a very clean financial state with GBP13.6m net cash in the bank. The group's strategy has been validated by the successful disposal of its pre-clinical programme BTK for $40m. The new Board & Management team will focus resources on the early clinical development of its next two lead candidates, in oncology and fibrotic disease, which are expected to start Phase I trials in 2018 and 2019, respectively. There was an inevitable knee-jerk reaction when the shares were re-quoted but consideration should be given to the potential value within the focused pipeline.

Please click here for the full report:

http://hardmanandco.com/docs/default-source/company-docs/redx-pharma--documents/13.11.17-streamlined-and-clean.pdf

 
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About Hardman & Co: For the past 20 years Hardman has been producing specialist research designed to improve investors' understanding of companies, sectors, industries and investment securities. Our analysts are highly experienced in their sectors, and have often been highly rated by professional investors for their knowledge. Our focus is to raise companies' profiles across the UK and abroad with outstanding research, investor engagement programmes and advisory services. Some of our notes have been commissioned by the company which is the subject of the note; this is clearly stated in the disclaimer where this is the case.

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November 13, 2017 02:15 ET (07:15 GMT)

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