Fusion Antibodies on recovery tack after float disruption
The reason for the IPO was to provide funds to expand and Fusion has kept to its plans.
Company
LON:FAB
Fusion is a Belfast based contract research organisation ("CRO") providing a range of antibody engineering services for the development of antibodies for both therapeutic drug and diagnostic applications. The Company's ordinary shares were admitted to trading on AIM on 18 December 2017. Fusion provides a broad range of services in antibody generation, development, production, characterisation and optimisation
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The reason for the IPO was to provide funds to expand and Fusion has kept to its plans.
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A look at the day's big share price movements, including Mincon Group, TomCo, Chemring, Echo Energy, Paddy Power, BAE Systems, Ocean Wilsons and Fusion Antibodies
The AIM-listed antibody developer said that delays in securing some large contracts, in addition to slower than anticipated trading in the current period had led to the downgrade
The UK benchmark of leading shares closed down over 24 points at 7,642.