Sign up UNITED KINGDOM
Proactive Investors - Run By Investors For Investors

C4X Discovery up research spending as programme progresses

C4X has an an ambition to increase the number of pipeline programmes more than threefold by 2019
C4X Discovery up research spending as programme progresses
C4X upped its spending on reserach

C4X Discovery Holdings PLC (LON:C4XD) saw losses more than double as the cost of research rose sharply.

The drug discovery company saw loss after tax increase to £2.7mln in the six months ended January 2016, compared to £1mln the previous period.

“Research and development expenses at £2.7m for the six months ended 31 January 2016 showed a significant increase compared with the equivalent prior period,” said executive chairman Clive Dix.

It reflected progress within its development pipeline, particularly the progression of the Orexin programme, its treatment for addictive disorders.

Operating losses were £3.4mln, compared to a loss of £1.2mln.

 “With an ambition to increase the number of pipeline programmes more than threefold by 2019, we believe the group is well positioned to deliver future value to shareholders,” said Dix.

Shares stood at 103p at market close Wednesday.

View full C4XD profile

C4X Discovery Holdings plc Timeline

Related Articles

picture of pregnant woman
October 10 2016
Stem cell therapies are tipped to be among the next great advances in the treatment of a range of life-threatening ailments and conditions.
fruit and tape measure, symbolising weight loss
March 08 2017
The City broker says OptiBiotix is “well-positioned” to be a leader in the growing microbiome space
picture of pregnant woman
February 07 2017
MyLotus has been developed for women who have been trying to conceive for six months or more.

© Proactive Investors 2017

Proactive Investor UK Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use