ANGLE PLC (AIM: AGL) shares soared after the US Food and Drug Administration approved the blood diagnostics device that can detect metastatic breast cancer in patients. ANGLE, a UK-based biotech company, has cleared Parsortix technology by US regulators. It harvests cancer cells from blood samples.
The company also highlighted research later in the week that showed Parsortix’s harvesting technology could have captured lung cancer cells in fresh and frozen blood samples. The National Cancer Institute of Milan in Italy conducted a study of advanced non-small-cell lung carcinoma (NSCLC) and patients with sarcoma. These results were published in Clinical Chemistry.
It was a great week for liquid biopsy specialists, who saw their share increase by 45% to 143.5p.
Poolbeg Pharma PLC (AIM: POLB) jumped 55% to 6.8p this week after two US patents were granted. POLB001, a possible flu treatment, is included in the assets, as well as POLB002, a nasal spray to combat virus infections.
Poolbeg Chief Executive, Jeremy Skillington, stated that the additional US patent protection for POLB 001 & POLB 002 was an important step toward the commercialisation of these new infectious disease products.
Cornish Metals Inc (AIM CUSN:) saw its stock price jump 29% to 23.75p, after closing its previously announced £40.5mln fundraising.
Cornish Metals chief executive Richard Williams stated that the completion of this financing will allow Cornish Metals the freedom to move forward with dewatering the mine and the delivery of a feasibility report in order to make a decision about a South Crofty Tin project production decision.
Pelatro PLC (AIM: PTRO) This company, which is a precision marketing software expert, saw its shares rise 38.7% in the week following a half-cent reduction in its adjusted loss for the full year to 5.5 cents in 2020.
From £2.1mln in the previous year, the loss before taxes was US$666,000.
SEED Innovs Ltd (AIM: SEED). announced that its portfolio company Fralis LLC trading as Leap Gaming has been granted a UK Gaming Commission (UKGC) content supply license.
SEED, an AIM-quoted investor whose focus is on medical cannabis and health, has invested approximately £4.7mln in Leap. This represents approximately 43.75% of Leap (on a fully diluted basis).
Ed McDermott, CEO of SEED, commented: “We are extremely pleased to see the UK license finally awarded to one of our long-term investments, Leap. We feel this key milestone was critical before any liquidity event for Leap’s shareholders. The board of Seed and I want to congratulate the team at Leap for their hard work and patience to get to this point. I will continue to work tirelessly alongside Yariv and the board to see through a public listing”.
Newmark Security PLC (AIM: NWT) is a provider of electronic and physical security systems provider. Its year-end trading update brought them back.
Maurice Dwek (chair of Newmark) stated that “We are delivering our targets for revenue growth, and cost management initiatives while focusing on the new product pipeline which provides us with the capability to offer complete solutions to our clients continuously.”
After the company announced year-on-year revenue growth for the year ending April 2022, the shares of the company rose 27% to 37.5p. Now, the shares are close to the 41p level at which they stood in January after the half-year results.
Randall & Quilter Investment Hldg Ltd (LON: RQIH) was the biggest loser this week, plunging 31% to 89p following a planned £482mln takeover. Also, US$100mln in fundraising had hit the buffers.
The group claimed that it received a letter from Brickell, a Miami-based investment firm 777 Partners, alleging that it was violating certain terms of the deal.
Brickell stated that it was exercising its right immediately to end the offer. Randall stated that it was not aware that Brickell had violated the terms and could terminate the offer at any time.
Brickell controls 23.2% of Randall, but only 9.9% of voting rights. This is enough to cause problems for Brickell if he votes against the proposed equity fundraising.
DCD Media Plc (AIM: DCD). saw its value drop by 30% after it announced that it would delist. After the company sold its bulk of assets and businesses to 108 Media in late 2013, this was inevitable.
Morses Club PLC (AIM: MCL) the struggling doorstep lender hit again after it announced that its full-year results will not be released until 26 August 2022.
The delay was not caused by the company, and the market expected the worst.
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