Announcement • Jun 04

CRISM Therapeutics Corporation Receives Innovate UK Grant To Advance Phase 2 Registration-Grade Trial In Glioblastoma

CRISM Therapeutics Corporation receives GBP 896,088 non-dilutive grant from Innovate UK under the Biomedical Catalyst 2025: Industry-led R&D Large Projects competition. The grant represents 70% of the total GBP 1,280,125 project cost and will support the delivery of Part 1 of CRISM's open label Phase 2 registration-grade clinical trial for irinotecan-ChemoSeed in patients with surgically resectable glioblastoma (GBM). This award is one of the most competitive translational funding programmes in the UK, in which CRISM received an exceptionally strong application score of 90.6%, reflecting the scientific, clinical and commercial strength of the programme. The Company believes the funding award provides: Substantial non-dilutive funding; Independent validation of CRISM's clinical strategy, technology and commercial potential; Help to accelerate the trial by recruiting more patients over a shorter period; Strengthened positioning for future partnering, licensing and investment discussions. The funding, together with the funds raised via the Company's recent equity raise, enables CRISM to advance a clinical programme in one of the most challenging and underserved areas of oncology, where there remains no effective standard of care for recurrent disease. The 12-month project will deliver Part 1 of an open label Phase 2 registration-grade clinical trial, designed to generate critical safety, dosing and early efficacy data required to support regulatory approval and NHS adoption. The trial will be conducted across UK neuro-oncology Centres of Excellence, positioning irinotecan-ChemoSeed for rapid clinical adoption if successful. Key outputs from the project include: Identification of dose-limiting toxicities and optimal dosing strategy; Validation of safety and tolerability in recurrent GBM patients; Generation of clinical efficacy signals, including progression-free survival and response rates; Data to support regulatory submissions and commercialisation strategy. Irinotecan-ChemoSeed is an implantable, biodegradable drug-delivery system designed to deliver sustained, high-dose local chemotherapy directly to the tumour resection margin, where recurrence most commonly occurs. Glioblastoma is one of the most aggressive cancers, with a median survival typically 8 to 15 months, less than a 5% five-year survival rate, with approximately 3,500 new UK cases annually. If successful in clinical development and subsequently approved, ChemoSeed has the potential to address a significant unmet need in recurrent GBM. Furthermore, the Board believes there is potential value of ChemoSeed as a platform technology, applicable across multiple indications.

CRISM Therapeutics Corporation Stock Price

CRTX Share Price Performance

CRTX Community Narratives

Bright future for a healthy business - get in early!

Bright future for a healthy business - get in early!

Trending Discussion

Recently Updated Narratives

Bright future for a healthy business - get in early!

Snowflake Analysis

CRISM Therapeutics Corporation Key Details

About CRTX

Recent CRTX News & Updates

CRISM Therapeutics Corporation Receives Innovate UK Grant To Advance Phase 2 Registration-Grade Trial In Glioblastoma

CRISM Therapeutics Corporation has completed a Follow-on Equity Offering in the amount of £0.245 million.

CRISM Therapeutics Corporation has completed a Follow-on Equity Offering in the amount of £2.5 million.

Recent updates

CRISM Therapeutics Corporation Competitors

Cardiogeni

Proteome Sciences

Thalia Therapeutics

OptiBiotix Health