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Oncimmune teams up with one of the world’s largest pharmaceuticals companies to screen for lung cancer

The latest agreement is one of a series of deals inked in the last two months that showed  the “full breadth” of the firm’s commercial offering, said chief executive Adam Hill

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Oncimmune Holdings PLC (LON:ONC) revealed that it has signed a ‘foothill contract’ with one of the world’s largest pharmaceuticals companies, which will evaluate the potential of Oncimmune’s technology to screen for lung cancer in at-risk patients.

This initial tie-up could be the “first step” towards a long-term partnership with the unnamed partner that would see the widespread availability of the EarlyCDT Lung test, investors were told.

The latest agreement is one of a series of deals inked in the last two months that showed the “full breadth” of the firm’s commercial offering, said chief executive Adam Hill.

“Our three-year strategy, announced in late 2018, centred on identifying and capitalising upon the wide range of opportunities presented by Oncimmune's proprietary autoantibody-based platform,” he explained in a statement.

“We firmly believe that the momentum we are building validates our strategy and underpins the commercial potential of our business.”

Quick facts: Oncimmune

Price: 96.5 GBX

AIM:ONC
Market: AIM
Market Cap: £61.28 m
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