Fluoguide: Wrap up from introduction to the company
Investor interest should focus on how Fluoguide pipeline progresses, specifically regarding its most important pipeline project, FG001, currently in phase 2 and designed to increase the efficiency of various forms of cancer surgeries, the first indication being aggressive brain cancer (glioblastoma), but it is also tested in head-and-neck and lung cancer. Also, an update on the recent announcement of FG001 in combination with Photothermal Therapy (PTT) is important.
FG001 for glioblastoma is a compound that is injected into the person that lights up cancer cells in the brain and increases the likelihood that the surgeon will be able to better identify and therefore remove more - or all - of the cancer cells with less side effects resulting in the potential of a complete cure of the patient and lower healthcare cost longer term. While potentially very efficient, recently published topline data from a phase IIb study cancer cell November 2023 indicates that FG001 is not statistically significantly different compared to a competing product (Gleolan) already approved that similarly lights up cancer cells for better guided surgeries.
To increase the chance for a study that shows data which are positively statistically significant, Fluoguide announced on January 8th, 2024, that they will test FG001 in combination with PTT to potentially eliminate the cancer cells when FG001 is being used as guidance. This means the progress developing FG001 will be delayed but the far more valuable commercialization potential of combining FG001 and PTT will be brought forward. The new study is expected to start in 2025.
Watch the full interview here: Introduction to Fluoguide
Disclaimer: HC Andersen Capital receives payment from Fluoguide for a Digital IR/Corporate Visibility subscription agreement. /Claus Thestrup 1:10 PM 05-03-2024.
FluoGuide
FluoGuide is a Danish company active in medical technology. The company's business focus is found in research and development of treatments against various forms of cancer, with the greatest focus on the development of products that guide surgical interventions. The products bind to the cancer cells, which then light up and are intended to be used to precisely remove harmful tumors in the patient's tissue.
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