NFX.L

Nuformix plc
Nuformix PLC - NXP001 Update
18th December 2023, 07:00
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RNS Number : 0704X
Nuformix PLC
18 December 2023
 

18 December 2023

 

Nuformix plc

 

("Nuformix" or the "Company")

 

NXP001 Update

 

Nuformix receives second NXP001 milestone payment from Oxilio

​

Nuformix plc (LSE: NFX), a pharmaceutical development company targeting unmet medical needs in fibrosis and oncology via drug repurposing, is pleased to announce that the Company has achieved the second milestone according to its updated NXP001 exclusive licensing agreement with Oxilio Ltd ("Oxilio") and received the associated payment.

Commenting, Dr Dan Gooding, Executive Director of Nuformix, said: "Oxilio is progressing NXP001 with Nuformix's full support. We are pleased to have triggered the second milestone payment as per the terms of our updated agreement. Funds received continue to assist in advancing our core NXP002 and NXP004 programmes as we progress partnering interactions for these programmes."

Enquiries:

 

Nuformix plc

 

Dr Dan Gooding, Executive Director

 

Via IFC Advisory

 

Stanford Capital Partners Limited

 

Tom Price / Patrick Claridge (Corporate Finance)

+44 (0) 20 3650 3650

Bob Pountney (Corporate Broking)

+44 (0) 20 3650 3652

 

IFC Advisory Limited

 

Tim Metcalfe

Zach Cohen

+44 (0) 20 3934 6630

nuformix@investor-focus.co.uk

 

About Nuformix

 

Nuformix is a pharmaceutical development company targeting unmet medical needs in fibrosis and oncology via drug repurposing. The Company aims to use its expertise in discovering, developing and patenting novel drug forms, with improved physical properties, to develop new products in new indications that are, importantly, differentiated from the original (by way of dosage, delivery route or presentation), thus creating new and attractive commercial opportunities. Nuformix has a pipeline of preclinical assets with potential for significant value and early licensing opportunities.

 

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