LONDON, UK / ACCESSWIRE / July 6, 2020 / ReNeuron (LSE:RENE) has released further follow-up data from the ongoing human retinal progenitor cell (hRPC) trial, which shows a robust sustained averaged response. This data set completes the six-month data on eight patients and extends, for one individual, to 18 months, who showed a good net gain. The next dose level, two million cells in nine patients, remains delayed due to COVID-19. A filing to start a pivotal study is expected in the second half of CY21. Our indicative value remains at £107m.
Our indicative value remains £107m. We will reassess the hRPC valuation as data emerge but note the high deal values in the area with one totalling $250m plus royalties in June. Exosome deals to deliver RNA drugs, with another early stage collaboration announced, are promising but the projects are preclinical. Cash on 31 March 2020 is estimated to be about £8m, pending the year-end results due in July. We envisage a further funding need in FY21.
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