Circadian Technologies - Divine prospects
Mar 05th 2013 - Edison Investment Research today published a report on Circadian Technologies entitled "Divine Prospects". In summary, the report says:
Circadian has reorganised into three subsidiary operating companies: Ceres Oncology, Opthea and Precision Diagnostics, each of which could attract private funding. The Ceres investment case is the potential of VGX-100 (completing Phase I) to reduce secondary lymphoedema, a side effect of major breast cancer surgery. This may start Phase II in Q413. The major market is the potential of VGX-100 in combination with Avastin in solid tumours. This requires a partnering deal, assumed in 2014. Opthea is developing VGX-300 (preclinical), which may be used in combination with Lucentis or Eylea in wet AMD. Precision is developing a speciality diagnostic business. The Imclone-partnered IMC-3C5 could produce Phase I data in H213.
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