Redeye provides a research update following the Q1 report published by OncoZenge earlier today. The company manages to maintain a low OPEX and cash burn as the prepares for the upcoming phase III trial. Bolstered by a binding partnership agreement with Molteni, an NDRC approval of the financing agreement with Yangtian Pharma and a new licensing agreement with Avernus Pharma, we argue that the pieces are falling into place for the company.

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This is a press release from Redeye - Research Powered Investment Banking. www.redeye.se/