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Vectus Biosystems Limited ( (AU:VBS) ) has issued an announcement.
Vectus Biosystems Limited reported progress in the commercialization of its lead drug candidate, VB0004, and other pre-clinical prospects, seeking potential licensing and collaboration opportunities. The company has finalized Phase Ib clinical trials for VB0004 with no significant adverse events, focusing on financial strategies to support further development amidst reduced operating costs.
More about Vectus Biosystems Limited
Vectus Biosystems Limited operates in the biotechnology industry, focusing on developing treatments for fibrosis-related diseases, including heart, kidney, and liver conditions. The company’s primary product is the VB0004 compound, designed to treat tissue hardening and high blood pressure. Vectus also owns Accugen, a technology aimed at improving the speed and accuracy of DNA and RNA measurement, enhancing laboratory testing efficiency.
YTD Price Performance: -1.25%
Average Trading Volume: 26,284
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$4.1M
For detailed information about VBS stock, go to TipRanks’ Stock Analysis page.
