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Blood Cancer

Pharmaxis Ltd has multiple potential value inflection points with two drugs advancing in clinical trials [Video]

  • Pharmaxis attracts A$0.53 price target in coverage initiation from MST Access
  • Pharmaxis’ treatment to prevent wound and burns scars clears phase1 trial
  • Pharmaxis welcomes green light to progress to Phase 2 bone marrow cancer trial

Quick facts: Pharmaxis Ltd

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ASX:PXS

Price: 0.11 AUD

Market Cap: $49.98 m

About the company

Pharmaxis Ltd is an Australian pharmaceutical research company developing drugs for inflammatory and fibrotic diseases, with a focus on myelofibrosis.

The company has a highly productive drug discovery engine, drug candidates in clinical trials and two respiratory products approved in global markets generating ongoing revenue.

Pharmaxis’ lead drug candidate (PXS-5505) is for the treatment of the bone marrow cancer myelofibrosis, which affects 1 in 500,000 people.

Another Pharmaxis drug discovery, PXS‐6302 has entered a world-first clinical trial aiming to stop scars that are formed after surgery or trauma, particularly following burn injuries.

Pharmaxis has developed two products from its proprietary spray drying technology that …

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