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Other Disclosures190AChordia Therapeutics Inc.Pharmaceuticals

Notice of Selection for the “Innovative Medical Technology Research and Development Promotion Program (Industry–Government–Academia Collaborative Type, Global Category: Global Research and Development Support Project for Treatments for Intractable and Rare Diseases)”

The research and development project for our international collaborative clinical trial of rogocekib (CTX-712) has been selected for AMED's program. As a result, the company expects to receive competitive funding of up to ¥1.5 billion, capped at half of eligible costs, although the actual grant amount will be determined at a later date.

Worth reading
67In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
15
¥100 million (grant ceiling)
Wording
Conditional
How definitive the wording is.

Announced details

rogocekib (development code: CTX-712)
Applicable field (uses covered by this announcement)

International collaborative clinical trial for the treatment of relapsed or refractory acute myeloid leukemia (AML) and high-risk myelodysplastic syndromes (HR-MDS)

Relationship between the counterparty and the company
Chordia Therapeutics Inc.190A
Relationship with the Company

Our research and development project was selected for an AMED open-call program. Capital and personnel relationships: Not disclosed.

CounterpartyJapan Agency for Medical Research and Development (AMED)

A Japanese national research and development agency. Location, representative, capital and year established: Not disclosed.

Registration number and expiry date

FDA orphan-drug designation for AML and orphan-drug designation in Japan. Registration number and validity period: Not disclosed.

Impact on Business Performance

Currently undetermined because the grant amount and other details have not yet been finalized.

The company does not address Contract Value / Offering price.

Source (materials cited by the company)

AMED open-call information

Announced details
ItemDetails
Names of Products / Services Coveredrogocekib (development code: CTX-712)
CounterpartyJapan Agency for Medical Research and Development (AMED)
Counterparty overviewA Japanese national research and development agency. Location, representative, capital and year established: Not disclosed.
Relationship with the CompanyOur research and development project was selected for an AMED open-call program. Capital and personnel relationships: Not disclosed.
Applicable areaInternational collaborative clinical trial for the treatment of relapsed or refractory acute myeloid leukemia (AML) and high-risk myelodysplastic syndromes (HR-MDS)
Registration number and expiry dateFDA orphan-drug designation for AML and orphan-drug designation in Japan. Registration number and validity period: Not disclosed.
Impact on Business PerformanceCurrently undetermined because the grant amount and other details have not yet been finalized.
SourceAMED open-call information
Items this document does not state (10)
Contract ValueOffering priceContract DateLaunch dateAward/certification nameAwarding / certifying bodyLocationLocation scaleQuantitative EffectsUsage history

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

AMED recognized rogocekib's novel mechanism of action involving changes in RNA splicing, as well as the advanced nature and social significance of its international joint development strategy.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice of Selection for the “Innovative Medical Technology Research and Development Promotion Program (Industry–Government–Academia Collaborative Type, Global Category: Global Research and Development Support Project for Treatments for Intractable and Rare Diseases)” | Chordia Therapeutics Inc. (190A) timely disclosure | Komori