It is in the process of completing the acquisition of Allos Therapeutics (ALTH), whose drug, Folotyn, is a small-molecule therapeutic for cancer.

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The drug discovery company develops therapeutic treatments for central nervous system disorders, pain, cancer and addictions.

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"These findings define a new drug target with wide potential for therapeutic intervention in conditions such as hormonal-dependent cancer, abnormal puberty and control of fertility, " said Dr Samuel Aparicio of Paradigm Therapeutics.

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Therapeutic cancer vaccines, which train immune cells to attack cancer cells, are one of the most enticing areas of drug development.

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