bullish

Targovax AS

Targovax - ONCOS-102 set for late-stage development

713 Views27 Jan 2020 17:57
Issuer-paid
SUMMARY

Together with the positive Phase I/II mesothelioma trial, Targovax has introduced a preliminary design for its next trial. The new study will explore ONCOS-102 in triple combination with a checkpoint inhibitor (CPI) and standard chemotherapy. Although plans for the next study are still at a preliminary stage, there is potential for it to become a pivotal programme due to a high unmet need in mesothelioma. The private placement completed on the back of the trial results provides confidence that preparations for advanced ONCOS-102 development in mesothelioma will continue at a strong pace. Consequently, we increase the probability of success and our updated valuation is NOK1.5bn or NOK19.9/share.

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  • Targovax - ONCOS-102 set for late-stage development
    27 Jan 2020
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