Recce Pharmaceuticals: Selects CMAX for phase I/II UTI clinical trial

Recce Pharmaceuticals Selects CMAX for phase I/II UTI clinical trial

  • Recce Pharmaceuticals (RCE) selects CMAX Clinical Research in South Australia as the independent facility for a clinical trial to treat urinary tract infections (UTIs)
  • The phase one and two intravenous clinical trial will assess RCE’s lead drug candidate, R327, in UTIs, with dosing to commence this quarter
  • Recce will collect plasma and urine from 12 healthy males and females following dosing to evaluate R327’s concentrations and antibacterial effect in the urine on bacteria
  • It follows an independent in-vitro study that found R327 had a fast effect against E. coli bacteria, which is responsible for around 90 per cent of UTIs
  • Recce shares are trading at 58 cents at midday AEDT
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

Zelle and BofA Accelerate Charitable Disbursements

New partnership aims to streamline donations through Zelle's platform.Highlights: Zelle partners with Bank of America for charitable donations.New...

Upstart Applies for Bank Charter, Strengthening AI Lending Marketplace

The AI-driven lending platform seeks to expand operations with formal banking status.Highlights: Upstart has filed for a bank...

Santander Tests Agentic Payments Across Latin America

New payment experiment aims to innovate financial transactions in the region.Highlights: Santander launches agentic payments trial in Latin...

European Fintechs Strengthen as Reliance on US Investors Tightens

Analysis reveals changing dynamics in European fintech investment landscape.Highlights: European fintechs are increasingly relying on local funding.US investors'...