Evgen Pharma PLC No exposure to Silicon Valley Bank (6642S)
13 Marzo 2023 - 8:00AM
UK Regulatory
TIDMEVG
RNS Number : 6642S
Evgen Pharma PLC
13 March 2023
Evgen Pharma plc
("Evgen" or the "Company")
No exposure to Silicon Valley Bank
Alderley Park, UK - 13 March 2023 : Evgen Pharma plc (AIM: EVG),
a clinical stage drug development company developing
sulforaphane-based medicines for the treatment of cancer and other
indications, notes the financial problems at the US and UK arms of
Silicon Valley Bank (SVB).
Evgen confirms that it is has neither deposits, loans nor any
other financial instrument with any part of SVB.
-Ends-
Enquiries:
Evgen Pharma plc Tel: +44 1625 466591
Dr Huw Jones, CEO
Richard Moulson, CFO
FinnCap (Nominated Advisor and Tel: +44 20 7220 0500
Broker)
Geoff Nash / Teddy Whiley (Corporate
Finance)
Alice Lane/ Nigel Birks (ECM)
----------------------
Instinctif Partners Tel: +44 207 457 2020
Melanie Toyne-Sewell / Rozi Morris Evgen@Instinctif.com
/ Adam Loudon
----------------------
Notes to Editors
About Evgen Pharma plc
Evgen Pharma is a clinical stage drug development company
developing sulforaphane based medicines for the treatment of
multiple diseases. The Company's core technology is Sulforadex(R),
a method for synthesising and stabilising the naturally occurring
compound sulforaphane and novel proprietary analogues based on
sulforaphane.
The Company's lead asset, SFX-01, is a patented composition of
synthetic sulforaphane and alpha-cyclodextrin and has undergone
clinical trials for oestrogen-positive (ER+) metastatic breast
cancer. In September 2021 the FDA granted Orphan Drug status to
SFX-01 in malignant glioma.
The Company also has a wide number of collaborations with
leading academic centres in the UK, Europe and AsiaPac as part of
the continuing strategy to build the data set of safety and
efficacy around the compound. With respect to non-core area, Evgen
signed an out-licensing deal with JuvLife, the dietary products and
functional foods division of Juvenescence Ltd, for the development
of a naturally-sourced sulforaphane nutritional health supplement,
stabilised using Evgen's Sulforadex(R) technology. Evgen also has a
licensing deal with Stalicla SA in neurodevelopmental disorders and
schizophrenia.
The Company has its headquarters and registered office at
Alderley Park, Cheshire. It joined the AIM market of the London
Stock Exchange in October 2015 and trades under the ticker symbol
EVG.
For further information, please visit: www.evgen.com .
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END
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