Seeking Alpha

Cyclacel says cash on hand enough to last "beyond" pivotal sapacitabine trial

  • Cyclacel Pharmaceuticals (CYCC) announces Q3 results and says it expects its $35M in cash to be enough to last through the completion of SEAMLESS (that's sapacitabine in AML), which is near the 50% enrollment mark.
  • The company also reminds investors that primary outcomes from sapacitabine in MDS (Phase 2) will be reported at ASH.
  • R&D for the quarter comes in at $4.6M, up sharply thanks (in part) to manufacturing costs for SEAMLESS.
  • CYCC also plans (in the next 12 months) to: "Announce registration-directed, clinical development plan for sapacitabine in MDS after treatment failure of hypomethylating agents [and] report updated data from the Phase 1 study of sapacitabine and seliciclib in patients with advanced solid tumors, including BRCA carriers." (PR)
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