Vectus Biosystems Limited (ASX:VBS) Releases December 2024 Quarterly Activities Report
Clinical Trials Update
Vectus Biosystems has finalised its Phase Ib human clinical trial for VB0004, with results expected in Q1 2025. No significant adverse events were reported in Phase Ia and Ib trials.
Commercialisation Efforts
The company is commercialising VB0004 and advancing drug candidates A32, A79, and P5. Vectus is collaborating with C14 Consulting Group to explore licencing and joint venture opportunities for its therapeutic molecules.
Financial Performance
Vectus has reduced operating costs and focuses on licencing and collaborations. Operating expenditures for Q4 amounted to $138,000, with cash on hand at $810,000. The company received a $977,000 R&D tax refund.
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