Vaccines developer Scancell Holdings says that recruitment for the phase I clinical trial for melanoma vaccine called SCIB1.
The SCIB1 trial commenced in June and phase I results were originally expected to be available by the middle of 2011. They are likely to be released later in 2011. The phase I/II clinical trial should still be completed before the end of 2012.
Scancell raised £2.5m at 45p a share in April. At 75.25p a share, Scancell is valued at £12m.
Matrix was appointed joint broker in September.
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