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Propanc Biopharma Explains How PRP Could Impact Pancreatic Cancer
Globenewswire· 2026-01-15 13:45
Core Insights - Propanc Biopharma is focused on developing novel treatments for chronic diseases, particularly pancreatic cancer, which has a high unmet medical need due to low survival rates and ineffective traditional therapies [1][4] Group 1: Product Overview - Propanc's lead clinical candidate, PRP, is a proprietary mixture of two pancreatic proenzymes, trypsinogen and chymotrypsinogen, formulated in a 1:6 ratio and administered intravenously [2] - PRP is designed to target cancer stem cells and modulate processes linked to metastasis and drug resistance, such as the epithelial to mesenchymal transition (EMT) [2] Group 2: Clinical Development - The FDA granted Orphan Drug Designation to PRP in 2017 for pancreatic cancer treatment, acknowledging the severe unmet need [3] - Propanc plans to initiate Phase I/II clinical trials in 2026, starting with dose-finding studies and progressing to proof-of-concept studies in pancreatic and other cancers [4] Group 3: Market Opportunity - The global pancreatic cancer therapeutics market is projected to grow from approximately USD 2.9 billion in 2024 to around USD 5.8 billion by 2030, representing a CAGR of about 12.3% [7] - The broader pancreatic cancer market, including therapies and diagnostics, is expected to expand from approximately USD 3.25 billion in 2025 to over USD 10.25 billion by 2034, with a CAGR of around 13.6% [7] - The pancreatic cancer segment targeted by PRP is forecasted to reach roughly USD 6.93 billion by 2030, with the total addressable market for PRP, including ovarian cancer, estimated between USD 14 billion to USD 18 billion over the next decade [12] Group 4: Mechanistic Findings - PRP has shown potential in preclinical studies by reducing angiogenesis and cell migration in pancreatic cancer models, as well as reversing EMT markers associated with invasiveness [6] - Laboratory data suggest that PRP enhances chemosensitivity, making resistant pancreatic tumor cells more responsive to standard chemotherapies [6] - In vivo studies indicated significant tumor growth inhibition, with over 85% growth reduction at certain PRP doses compared to controls [6] Group 5: Financial Position - Propanc Biopharma is a pre-revenue biotechnology company focused on early-stage clinical development, with significant annual net losses primarily due to non-cash stock-based compensation [13] - A recent IPO raised approximately USD 4 million in gross proceeds, positioning the company for clinical advancement of PRP and a follow-on candidate [13] - The company has entered into structural financing arrangements, including a potential USD 100 million private placement facility to support further development [13]