Ascelia Pharma: Wrap up from latest event with CEO Magnus Corfitzen
CEO Magnus Corfitzen gave a thoroughly presentation of the company’s equity story.
Recently a review article was published on Orviglance in the respected scientific journal “Investigative Radiology”. Orviglance is addressing an unmet medical need, developed to improve the detection and visualization of focal liver lesions (including liver metastases and primary tumors) in patients with reduced kidney function. The total addressable market (TAM) is USD 800m. Hereof is US around 50%. The CEO confirms the market size and expect a high market share due to best in class qualities and enhancement of existing treatments. Phase-3 read-out expected in May 2024 as earlier communicated to the market. Ascelia Pharma expect to file a US NDA soon after.
Oncoral (Chemotherapy) showed promising data in two Phase-1 studies, Oncoral is a low dosing daily administered tablet versus today’s treatment with intravenous high dosing every 3rd. week. Ascelia Pharma expect to file for Phase-2 proof-of-concept if finances allow in 2024.
Ascelia Pharma recently announced they secured finances until Q2-2025 with a minimum dilution for existing shareholders. The burn rate is significantly down from 2023.
View the event here: Ascelia Pharma event
Disclaimer: HC Andersen Capital receives payment from Ascelia Pharma for a Digital IR/Corporate Visibility subscription agreement. /Claus Thestrup 08:00 AM 12-02-2024.
Ascelia Pharma
Ascelia Pharma is a Swedish biotech company with a focus on orphan oncology treatments. They develop and commercialize novel drugs that address unmet medical needs and have a clear development and market pathway. Currently, Ascelia pharma has two pipeline products, namely Orviglance and Oncoral. Orviglance is a novel contrast agent for MR-Imaging developed to improve the detecting and visualization of focal liver lesions (Including liver metastases – and primary tumors) in patients with reduced kidney function. Oncoral is a daily tablet with an established potent anti-tumor effect – even in difficult to treat cancers with the potential to offer better patient outcomes with improved safety following a daily tablet treatment compared to intravenous high-dose infusions at the hospital. Ascelia Pharma is listed on Nasdaq Small Cap Stockholm with ticker ACE.
Read more on company page