Patrys Limited (AU:PAB) has released an update.
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Patrys Limited has decided to shift its focus towards the development of PAT-DX3, a full-sized IgG antibody, after facing challenges in manufacturing its smaller counterpart, PAT-DX1, which failed to meet the required specifications for clinical trials. With a cash balance of $1.3 million and an expected R&D refund, the company aims to find partners for co-developing or licensing PAT-DX1 while advancing PAT-DX3, which has shown promising potential in targeting tumor tissues and crossing the blood-brain barrier. This strategic move is expected to leverage Patrys’ deoxymab technology for treating unmet medical needs in a more stable and effective manner.
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