PYC pyc therapeutics limited

News: Phylogica surges 85% on study success

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    Shares in Phylogica Limited (ASX:PYC) surged almost 85 per cent yesterday after reporting a cancer pilot study success. 
     
    The drug discovery group says its peptide fusions have been shown to kill aggressive, drug-resistant breast cancer cells. 
     
    The company also advises its phylomer peptide fusions have been shown to significantly boost the potency of cancer drugs.
     
    Phylogica says it was not expecting such a striking result from the pilot study and has described the findings as a potential paradigm shift for cancer therapeutics. 
     
    Phylogica reported a net loss of $135,000 in the first half of the 2015 financial year. 
 
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Last
$1.27
Change
-0.055(4.15%)
Mkt cap ! $740.7M
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