(MENAFN- ProactiveInvestors)
() has changed its name to Prescient Therapeutics and is expected to start trading as (ASX:PTX) on 15th December 2014.
Prescient's flagship asset is its Co-X-Gene anti-cancer technology.
The strength of the technology was confirmed earlier this year by licensing partner Transgene demonstrating topline results for their Phase 2B clinical trial using Co-X-Gene conducted under an option with () in the treatment of Non-Small Cell Lung Cell Cancer.
is the largest pharmaceutical company in the world with a capitalisation of almost $200 billion and Transgene’s immunotherapeutic product TG4010 utilizes Virax's Co-X-Gene platform.
Transgene’s activities have also gained the interest of major pharmaceutical company Sanofi (NYSE:SNY) capitalised at over $130 billion.
Sanofi and Transgene have subsequently launched construction of a manufacturing platform for the production of viral vectors as utilized by Transgene’s immunotherapeutic product.
Medical conditions outside of cancer are also being targeted including potential veterinary applications.
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