PAB 0.00% 0.8¢ patrys limited

Ann: Appendix 4C - Quarterly - 30 June 2020, page-2

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    Patrys Quarterly Activities Report and Appendix 4C
    Melbourne, Australia; 30 July 2020: Patrys (ASX: PAB, “Patrys” or the Company), a therapeutic
    antibody development company, is pleased to announce further progress across its Deoxymab
    platform (including PAT-DX1 and PAT-DX1-NP) and the release of its Appendix 4C for the quarter
    ended 30 June 2020.
    Key highlights
    • Appointment of Dr. Peter Ordentlich to Scientific Advisory Board to strengthen skill base
    as Patrys moves towards anticipated Phase 1 study
    • Patrys collaborators have been awarded Lion Heart Fund for Cancer Research grant of
    US$50,000; US National Institutes of Health (NIH) R01 grant of US$1.83m; and Department
    of Defence (DoD) grant of US$1.95m, to support ongoing work in the areas of glioblastoma
    (GBM) and breast cancer metastases
    • Announcement of fully underwritten, non-renounceable rights issue to raise
    approximately A$4.29 million before costs supported by two of Patrys’ largest
    shareholders
    • Cash at bank at close of quarter of A$3.98m and net cash outflows of A$619k including
    A$411k invested in R&D activities
    Operations
 
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