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Noxopharm (ASX:NOX) publishes preliminary data from phase one Veyonda trial

ASX 200, Health Care
ASX:NOX      MCAP $27.76M
26 May 2023 15:19 (AEDT)

Biotech company Noxopharm (NOX) has published preliminary data from its IONIC investigator-initiated pilot trial for oncology drug Veyonda.

IONIC is exploring the Veyonda’s potential to increase the activity of Bristol Myers Squibb’s immune checkpoint inhibitor Opdivo (nivolumab) for patients with solid tumours.

Noxopharm’s phase one results will be published in the form of an abstract at the American Society of Clinical Oncology’s (ASCO) annual meeting, which will take place in Chicago in June.

The annual ASCO meeting is one of the largest gathering of oncology professionals, exposing the trial to an array of industry professionals.

Bristol Myers Squibb and Noxopharm completed the trial under a strategic partnership on 30 patients across six sites in Sydney and regional New South Wales.

Noxopharm will continue to develop novel treatments for cancer and inflammation, including the production of new technology to enhance mRNA vaccines.

The company is partnering with leading researchers to build two new technology platforms Chroma (oncology) and Sofra (Inflammation, autoimmunity and mRNA vaccine enhancements) to advance medical technologies.

NOX last traded at 4.9 cents at 3:15 pm AEST.

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