Meditech results show decreasing losses
Wednesday, 27 August, 2003
Meditech Research (ASX:MRL) has announced its half-year results, reporting a decreased loss of AUD$1.06 million after tax compared to the same period last year.
The 28 per cent decrease was attributed to a 32 per cent reduction in expenditure after the completion of Phase I clinical trials for cancer therapeutics HyDOX and HyFIVE, and was offset by lowered revenues due to completion of the company's R&D Start grant.
At the end of the reporting period, Meditech had $2.45 million in cash. The company is currently enrolling patients for a Phase II clinical trial of hyCAMP, which utilises Meditech's HyACT technology with the widely used cancer drug irinotecan (Campotsar).
CEO Chris Carter said Meditech was actively seeking commercialisation partners, as initially foreshadowed at the company's AGM in April, and noted the board is optimistic of being able to make "material and very positive announcements" during the second half of the company's financial year.
Mouth bacteria linked to increased head and neck cancer risk
More than a dozen bacterial species that live in people's mouths have been linked to a...
Life expectancy gains are slowing, study finds
Life expectancy at birth in the world's longest-living populations has increased by an...
Towards safer epilepsy treatment for pregnant women
New research conducted in organoids is expected to provide pregnant women with epilepsy safer...