Starpharma share price higher on DEP irinotecan update

The Starpharma Holdings Limited (ASX:SPL) share price has pushed higher after the release of a promising update on its DEP irinotecan study…

| More on:

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The Starpharma Holdings Limited (ASX: SPL) share price has pushed higher on Thursday following the release of an update on its DEP irinotecan formulation.

At the time of writing the dendrimer products developer's shares are up 1% to $1.13.

a woman

What did Starpharma announce?

This morning Starpharma announced that its patented clinical stage nanoparticle formulation, DEP irinotecan, showed significantly enhanced efficacy benefits over standard irinotecan (Camptosar) and olaparib (Lynparza) alone and in combination, in an irinotecan-refractory HT-29 human colon cancer xenograft model.

The release explains that the combination of DEP irinotecan and Lynparza provided significantly enhanced and synergistic anti-tumour efficacy compared to either drug alone, and compared to the combination of Lynparza with the standard form of irinotecan.

Furthermore, the combination of DEP irinotecan with Lynparza also resulted in significant tumour regression, whereas other groups only exhibited tumour suppression or no effect.

What is DEP irinotecan?

DEP irinotecan is a novel, patented nanoparticle formulation of SN-38, the active metabolite of irinotecan. The drug is based on the company's proprietary DEP drug delivery technology, which uses highly branched polymers to improve the performance of anti-cancer medicines.

It is one of three DEP products in clinical development by Starpharma and is currently in a phase 1/2 clinical trial at several leading UK hospitals.

The company's CEO, Dr Jackie Fairley, was delighted with these results.

She said: "We are delighted with the impressive results seen with DEP irinotecan in combination with Lynparza in this refractory human colon cancer model. DEP irinotecan is currently in clinical development, and has previously demonstrated compelling results in both colon and pancreatic cancer models."

"The synergistic anti-cancer effect seen in this study supports earlier data generated showing significant benefits with Starpharma's patented dendrimer formulations in combination with other marketed anti-cancer drugs. The enhanced effects are thought to be due to the improved pharmacokinetics and increased drug-tissue levels (tissue targeting) achieved with dendrimer delivery," she added.

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of Starpharma Holdings Limited. The Motley Fool Australia has recommended Starpharma Holdings Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Share Gainers

Stock market chart in green with a rising arrow symbolising a rising share price.
Healthcare Shares

Up 2,075% in a year, why is the 4DMedical share price rocketing again on Friday?

Investors just sent 4DMedical shares surging another 20% on Friday. But why?

Read more »

A girl sits on her bed in her room while using laptop and listening to headphones.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a disappointing session for the markets this Thursday.

Read more »

Smiling couple looking at a phone at a bargain opportunity.
Share Gainers

Why Catapult, DroneShield, Infratil, and Qoria shares are charging higher today

These shares are having a good session on Thursday. But why?

Read more »

A group of happy young people watching sport on a laptop celebrate.
Share Gainers

Here are the top 10 ASX 200 shares today

It was an exceptional session for investors today.

Read more »

Excited couple celebrating success while looking at smartphone.
Share Gainers

Why 4DMedical, Brazilian Rare Earths, Clarity, and Tuas shares are racing higher today

These shares are having a better day than most on hump day.

Read more »

Woman with an amazed expression has her hands and arms out with a laptop in front of her.
Share Gainers

Why BHP, EchoIQ, Life360, and Qantas shares are racing higher today

These shares are having a solid session on Tuesday. But why?

Read more »

A neon sign says 'Top Ten'.
Share Gainers

Here are the top 10 ASX 200 shares today

Investors had a rough start to the week.

Read more »

Three people with gold streamers celebrate good news.
Gold

Guess which ASX gold stock is leaping 22% in Monday's sinking market?

Investors are piling into this junior ASX gold stock on Monday. But why?

Read more »