Solbec soars 70 per cent on cancer drug result
Tuesday, 23 November, 2004
Shares in Solbec Pharmaceuticals (ASX:SBP) jumped almost 70 per cent to $0.21 today after preliminary results from a study conducted by the Tumour Immunology Group at the University of Western Australia indicated that the company's cancer drug, Coramsine, was effective in treating and preventing mesothelioma in a mouse model of the cancer.
Mice treated with Coramsine in combination with the immune-triggering compound CpG -- a synthetic DNA fragment containing cytosine and guanine -- showed total remission of the mesothelioma. The therapy also seemed to confer lasting immunity against mesothelioma, as attempts to cause tumour formation in a treated, 'cured' mouse failed.
Coramsine is a mixture of two alkaloids from the prickly weed Solanum linneaum, also known as devil's apple.
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