Ascelia Pharma presentation at Redeye Investor Forum

Ascelia Pharma is reporting on 4/11. Below is a summary of the presentation at Redye Research.

Ascelia sold off after Q2 based on slower recruitment of patients for Phase 3 study of Orviglance due to Covid restrictions. The bar is very low. Positive Q3 patients recruitment data on Thursday could drive the stock up materially.

Ascelia has two products:

Orviglance:

  • A contrast agent for kidney MRI. Currently in advanced Phase 3 study.
  • Target market of UDS 500-600 million of annually
  • 6 studies for Phase 1 and 2 completed
  • Pivotal Phase 3 study in 50 sites is due to be completed in 1H22 – including Mayo and Karolinske

Oncoral:

  • oral drug for treating gastric cancer
  • Better efficacy and safety
  • Phase 2 study due to be completed in 2024
  • Clinical collaboration on Oncolar with Taiho Oncology
  • After gastric is planning

Watch the full presentation from the Redeye conference:

Ascelia Pharma is fully funded to complete the above studies.

We are long Ascelia Pharma.

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Disclosure: 

The goal of the blog is to provide investment ideas for further research. I/we have a beneficial position in the shares discussed above either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article. The article does not represent investment advice.

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