Sosei says it will not take up option in MiNA Therapeutic
Japan’s Sosei (TYO: 4565) has announced that it will not take up an option to acquire more equity in MiNA Therapeutics, the British RNA activation therapeutics company.
Sosei explained the decision was made based on a rigorous analysis of interim data from MiNA’s Phase I/IIa OUTREACH study of MTL-CEPBA in hepatocellular carcinoma, as well as the “prioritization of resources directed towards other opportunities.”
The firm’s chief R&D officer, Malcolm Weir, said: “Our strategic investment in MiNA gave us an early option on a novel technology platform to enhance our pipeline. We noted some interesting findings from the interim clinical data, as well as subsequent observations with respect to the potential to combine MTL-CEBPA with other oncology drugs.”
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