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Proactive news snapshot: Hemogenyx, Futura Medical, Active Energy Group …

A glance at some of the day's highlights from the Proactive Investors newswire
Your daily round-up from the world of Proactive

HemoGenyx Pharmaceuticals PLC (LON:HEMO) has entered into a collaboration with a major US biotechnology company in a deal worth up to approximately US$250,000 for the firm. The UK biotechnology group said the collaboration follows on from the announcement made by the company on 26 February 2018, which confirmed the filing of a provisional patent application relating to its development of a new type of humanized mice with a chimeric mouse-human blood system.

Futura Medical PLC (LON:FUM), which is developing a gel that helps men with erectile dysfunction, has announced “encouraging” interim data from a pharmacokinetic study. The definitive results will be used to guide a phase III clinical assessments of MED2002.

Summit Therapeutics PLC (LON:SUMM) shares jumped almost 7% higher on Tuesday after the biopharma firm said its Infectious Diseases Technology Platform has discovered a series of antibiotic compounds that kill gonorrhoea bacteria. The AIM-listed company said that in early testing the new compounds had been shown to have high potency against strains of gonorrhoea with no development of resistance to date.

Active Energy Group PLC (LON:AEG)  is to work with Polish group Cobant on a new "Super Fuel" combining CoalSwitch and reclaimed coal from slurry dumps in Upper Silesia. Pawel Woszczyk, Cobant’s chief executive, said the waste coal accumulated in the coal slurry waste dumps can become a valuable feedstock and a real alternative for the power industry in Poland.

E-sports entertainment group Gfinity Plc (LON:GFIN) has snapped up RealSM, the company behind the fan-orientated sports media platform, RealSport. Gfinity is paying around £2.4mln for the firm, with the consideration to be settled through the issue to the vendors of 12.3mln Gfinity shares at an assumed issue price of 19.317p each.

Genedrive PLC announced that it has commenced commercial sales and shipments of its Genedrive HCV ID Kit, a qualitative molecular assay for HCV and Genedrive platform into EMEA region, with an initial focus on Africa. In addition, the AIM-listed firm revealed its first commercial sales and shipment of the HCV ID kit and platform are expected to commence in the Asia Pacific region in the coming weeks.

Interim results from Sareum Holdings Plc (LON:SAR) charted a period of significant progress for the cancer drug developer and its licence partner Sierra Oncology. Sareum said Sierra had made “strong progress” with the two clinical studies of its Checkpoint kinase 1, or Chk1 inhibitor, SRA737.

Medical services and software company Flying Brands Limited (LON:FBDU) has pulled the trigger on its proposed acquisition of Imaging Biometrics. The company is paying US$68,134 in cash and issuing 11mln shares to the vendor, though there is an option for Flying Brands to pay a cash equivalent of 4p a share in lieu of issuing shares.

Anglo Asian Mining Plc (LON:AAZ) is to initiate a three-year rolling exploration programme across its ground in Azerbaijan. The aim is to replace mined ounces, to boost resources, and to delineate new discoveries that can be quickly put into production.

Telit Communications Plc (LON:TCM) said trading in the first two months of 2018 were comfortably ahead of the same period of 2017. The Industrial Internet of Things specialist also revealed it has agreed a new and revised set of financial covenants with its main lender.

A booming personal loan book and strong sales of luxury second-hand watches and jewellery lifted pawnbroker H & T Group PLC (LON:HAT) last year. Group profits jumped 45% to £14.1mln in 2107, helped by a near doubling of personal lending to £18.3mln while impairment charges were also lower.

End user spend (EUS) on Bango plc’s (LON:BGO) mobile payments platform more than doubled in 2017 and are on course to do again in 2018. EUS rose to £271.4mln in 2017 from £132.3mln in 2016 while revenue increased 62% to £4.2mln from £2.6mln, a shade ahead of the consensus forecast of £4.1mln.

NetScientific PLC (LON:NSCI) revealed that its portfolio company Vortex BioSciences has signed a collaboration deal with BioView Ltd, a provider of automated cell imaging and analysis solutions with the aim of providing clinicians with deeper insights into cancer biology. BioView is a publicly traded company on the Tel Aviv Stock exchange, and currently has strategic collaborations underway with international scientific leaders and institutions.

Atlantis Resources PLC (LON:ARL) expects to finalise the terms of its acquisition of the Uskmouth power station in Wales in the second quarter of 2018. When the terms have been agreed Atlantis will convene an extraordinary general meeting to allow shareholders to vote on the deal, which, if approved, would see the company recommence trading as SIMEC Atlantis Energy.

Greatland Gold plc (LON:GGP) reported on what it saw as a period of operational progress across key projects. The company, in its interim results statement, highlighted that it had successful exploration campaigns at the Ernest Giles, Paterson and Panorama projects. It noted that it is well financed with £4.5mln of cash and equivalents at the end of December.

Scotgold Resources Ltd (LON:SGZ) turned in a net loss of A$769,000 for the six months to December 2017. The company had net cash of around A$4.5mln, which is around a third of the money it will need to put the Cononish gold mine into production. That process is now underway, as long-lead items are now being ordered following the granting of permission to mine earlier this month, and the company is now actively out seeking the remainder of the required funding..

Alba Mineral Resources PLC (LON:ALBA) has incorporated recently shot aerial photography into its understanding of the Thule Black Sands project in Greenland. The data has been compiled by GEUS, the geological survey of Greenland and Denmark, and will be used to aid sedimentary mapping and the determination of any future resource estimates.

OPG Power Ventures Plc (LON:OPG) has highlighted a 23% increase in power generation during its third quarter. The company said that the 1.3bn units in the three-month period was its “highest ever” to date, whilst reporting the production of some 3.7bn units for the cumulative nine-month period (representing a 9% improvement from the comparative period of the preceding year).

Mporium Group PLC (LON:MPM), the technology firm delivering event-driven marketing, has announced the appointment of Glyn Shadwell as its chief operating officer, a non-board role, with immediate effect. The group said Shadwell has over 20 years' experience in the marketing sector and was most recently Head of Strategy & Client Partnerships at Quantcast, a global technology company that specialises in AI-driven advertising and real-time audience measurement.

Asiamet Resources Ltd (LON: ARS) is placing up to 65,402,224 new common shares of US$0.01 each at a price of 11p per share to raise a total of £7.2mln. The net proceeds will be used to increase Asiamet’s equity position from 40% to 80% in the Beutong project, which contains a large-scale copper porphyry, and to support continued development works at Beutong, including metallurgical test work and drilling.

Jersey Oil & Gas PLC (LON:JOG), an independent upstream oil and gas company ‎focused on the UK Continental Shelf region of the North Sea, said that on 12 March 2018 its chief operating officer, Ronald Landell acquired 25,000 ordinary shares in the company taking his holding to 925,000 ordinary shares, or 4.24% of the group’s issued share capital.

Avacta Group Plc (LON:AVCT), the developer of Affimer biotherapeutics and research reagents, announced that its chief executive officer, Dr Alastair Smith today purchased 35,800 ordinary shares in the company at a price of 41.92p each. The group said, following this transaction, Smith's total beneficial interest in the group is 606,309 ordinary shares, representing approximately 0.9% of its issued share capital. In addition, Smith has a joint interest in 1,640,000 shares jointly held by certain directors individually and Avacta Group Trustee Limited in its capacity as trustee of The Avacta Employees' Share Trust.

The Marketing Group PLC (TMG) (NASDAQ:TMG) said its One9ninety unit has been appointed as social media agency of record for lighting company LEDVANCE GmbH, in a partnership initially covering Malaysia and Singapore. The Nasdaq–listed marketing network said One9ninety’s social media strategy would aim to build awareness of the LEDVANCE brand and products, with an option to extend the appointment across more South-East Asian markets.

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