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ValiRx plc ( (GB:VAL) ) has provided an announcement.
ValiRx PLC has announced significant changes to its Board of Directors and the formation of a new Advisory Board. Cathy Tralau-Stewart will transition to a Non-Executive Director role and chair the new Advisory Board, while Adrian de Courcey has resigned to pursue other opportunities. These changes are part of a broader company restructure aimed at reducing costs and improving operational efficiency, with an expected annual cost reduction of approximately £200,000. The new Advisory Board, comprising experts in both human and veterinary medicine, will provide strategic advice to help ValiRx explore opportunities in the veterinary market alongside its primary focus on human therapeutics.
More about ValiRx plc
ValiRx is a life sciences company focused on early-stage cancer therapeutics and women’s health, aiming to accelerate the translation of innovative science into impactful medicines. The company provides a framework for rapid translation of science into clinical development, selecting and incubating promising drug candidates and guiding them through development. ValiRx collaborates across scientific, technical, and commercial domains to streamline the drug development process, with lead candidates outlicensed or partnered for further development and commercialization.
YTD Price Performance: -26.28%
Average Trading Volume: 9,805,212
Technical Sentiment Signal: Buy
Current Market Cap: £2.15M
Learn more about VAL stock on TipRanks’ Stock Analysis page.