Despite announcing that positive trial results had been published on its lead cancer drug candidate, Polish biotech firm Selvita (PL: SLV) saw its share price dip 1.33% to 59.20 zlotys this morning.
The company said that it has published recent results of a research concerning the therapeutic potential of SEL24 in acute myeloid leukemia (AML) online in Oncotarget, on March 30, 2018.
SEL24 is a Selvita-developed first-in-class orally available dual PIM/FLT3 kinase inhibitor with a unique activity profile, currently investigated for the treatment of patients with relapsed/refractory (R/R) AML. The program entered first-in-human study in early 2017. In March 2017, Selvita signed a global license agreement with family-controlled drugmaker Menarini Group for further research, development, manufacture and commercialization of SEL24/MEN1703 worldwide.
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