Business
Stmnt re Share Price Movement
Stmnt re Share Price Movement.
About this update from Hemogenyx Pharmaceuticals Plc
[{"type":"text","content":"\n \nRNS Number : 9527F Hemogenyx Pharmaceuticals PLC 26 February 2018 \n\n \nThe information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.\n \nHemogenyx Pharmaceuticals Plc\n(\"Hemogenyx\" or the \"Company\")\n \nStatement re. Share Price Movement\n \nLead candidate shown to be effective in treatment of Leukemia\n \nHemogenyx Pharmaceuticals Plc (LSE: HEMO), the biotechnology company developing novel therapies to transform bone marrow, or blood stem cell, transplantation for the treatment of blood diseases, notes the recent share movement in the Company's share price in reaction to a premature disclosure which the company regrets and is not in accordance with the Company's policies on the release of information.\n \nThe Company can confirm that it has filed a provisional patent application relating to the Company's development of a new type of humanised mice with a chimeric mouse-human blood system that can be used to advance product development, as well as for other disease modelling and drug development. \n \nFirst data results have shown that CDX bi-specific antibodies are capable of attacking and eliminating the blood cancer Acute Myelogenous Leukemia (AML) in vitro. Using these new humanised mice the Company is confident that it should be able to demonstrate that its lead product, CDX bi-specific antibodies, are effective in the treatment of (AML). Use of the humanised mouse model should facilitate developing and progressing the CDX bi-specific antibodies into human trials, in line with the Company's development timeline. \n \nAML affected about one million people globally in 2015 and resulted in 147,000 deaths. AML accounts for roughly 1.8% of cancer deaths in the United States with about 20,000 new cases diagnosed in the US and 18,000 cases in Europe every year. \n \nDespite numerous advances in understanding of the biology and pathogenesis of AML, standard treatments remain unsatisfactory and initial treatment relies on intensive chemotherapy. Current transplantation treatments for patients with chemosensitive forms of the disease have only a 30% succ...