On Friday, TME Pharma reported new positive data in aggressive adult brain cancer, helping its shares to rebound on the Paris Bourse.

The biotech announced this morning that another patient with newly-diagnosed glioblastoma receiving NOX-A12, its lead drug candidate, had achieved 18-month survival, bringing overall 18-month survival to 67%.

The 18-month survival rate of patients treated with NOX-A12, in addition to bevacizumab (Avastin) and radiotherapy, is now 13 times higher than the 18-month survival rate of 5% observed in the reference cohort, the company points out.

At the same time, median overall survival continues to improve, and has already exceeded 18 months, compared with a median overall survival of 10.5 months in the reference cohort.

Aram Mangasarian, CEO of TME Pharma, believes that his company has accumulated 'irrefutable' clinical evidence, to such a level that NOX-A12-based therapies now have the potential, in his view, to be considered the best available treatment for glioblastoma patients.

TME Pharma expects to obtain an FDA filing and fast-track access by the end of the first quarter of 2024.

Following these announcements, TME Pharma shares jumped 18% on Friday on the Paris Bourse.

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