19/09/2021

Tannochbrae

Built Business Tough

Summit Therapeutics PLC says c-difficile trial slowed by coronavirus pandemic disruption

US infectious health conditions agency BARDA is helping to fund the demo with a grant worthy of up to $72.5mln.

(NASDAQ:SMMT) explained it had recruited 252 individuals into its section III demo for its c-difficile (CDI) remedy at the close of March, even though the coronavirus outbreak has slowed enrolment.

The Ri-CoDIFy medical trials are testing the superiority of Summit’s drug Ridinilazole about the present standard of care, Vancomycin, but because of the uncertainty encompassing the coronavirus outbreak, it has withdrawn the timeline for its completion.

Summit included that in the light-weight of the coronavirus pandemic, workers are at present working remotely with its have laboratory amenities quickly closed.

US infectious health conditions agency BARDA is helping to fund the demo with a grant worthy of up to $72.5mln.

Losses for the eleven months to December were being £22mln while the business had cash of £48.4mln at the close of the year.

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