Small-Cap

Technical Analysis on one ASX-Listed Biotechnology Stocks – PYC

April 24, 2025 | Team Kalkine
Technical Analysis on one ASX-Listed Biotechnology Stocks – PYC
Image source: shutterstock

PYC:ASX
Investment Type
Small-Cap
Risk Level
Action
Rec. Price (AU$)

Company Overview: PYC Therapeutics Limited (ASX: PYC) is an Australia-based clinical-stage biotechnology company creating a new generation of ribonucleic acid (RNA) therapies to change the lives of patients with genetic diseases. The company utilizes its proprietary drug delivery platform to enhance the potency of precision medicines within the rapidly growing and commercially proven RNA therapeutic class. This Report covers the Price Action, Technical Indicators Analysis along with the Support Levels, Resistance Levels, and Recommendations on these stocks.

PYC Q1 2025 Update: PYC has provided a Q1 2025 update, confirming steady progress toward its strategic goals. The company remains on track with its operational roadmap and recently completed a AUD 146 million Entitlement Offer, extending its cash runway to over AUD 200 million. This funding supports key human data readouts across PYC’s pipeline of three first-in-class, clinical-stage drug candidates. The primary focus is now on delivering clinical proof-of-concept for each candidate within this runway, starting with the Phase 1/2 data presentation for its lead therapy targeting blinding eye disease, scheduled for May 2025.

Recent Update: The company is advancing PYC-003, a novel drug candidate targeting the root cause of Polycystic Kidney Disease (PKD), a condition affecting millions with no current treatment options. The c has dosed the first subject in its Phase 1a clinical trial. If early results are positive, PYC-003 could move swiftly toward approval via a single combined Phase 2/3 registrational study following the current Phase 1a/1b trial.

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