Abzena (LON:ABZA) shares were in demand today after receiving up to US$150mln worth of backing from an unnamed US biotech firm.
Rivalling Abzena on the good news front in the health sector was medtech player ANGLE.
The University Medical Centre Hamburg-Eppendorf, or UKE, has backed the potential of ANGLE’s (LON:ANG) unique method of detecting tell-tale signs of cancer
In an evaluation of ANGLE’s unique Parsortix system, UKE said the technology “demonstrated significant advantages” over antibody based and filtration approaches to identifying the disease.
Sticking with the health theme, Motif Bio (LON:MTFB) said that listing on NASDAQ is very much an option as it appointed an American investment bank to advise on “future financing options within the US market”.
Constellation Healthcare (LON:CHT) saw another sharp increase in EBITDA in 2015. The company expects EBITDA for 2015 will amount to around US$23mln, up from US$14.2mln in the previous year.
In the tech sector, networking and medical instruments firm BATM (LON:BATM) is set to buy developer and distributor of analytical instruments, Green Lab Hungary, for US$3.8mln, payable in cash over a three year period.
CloudTag (LON:CTAG) shares were sent skyward following a US$5.2mln distribution deal with Second Chance, Europe’s leading sporting goods distributor. Second Chance has agreed to purchase a minimum number of products at a set price by the end of the year.
Video surveillance specialist Servision (LON:SEV) has signed a significant distribution agreement with US-based Convoy Technologies, worth more than £0.5mln.
In the gold mining sector, Petropavlovsk (LON:POG) benefited from the low rouble as it focused on cash flow, cutting back on the production of what it calls “marginal” ounces.
Sector peer Shanta Gold (LON:SHG) reported record-breaking performance from its New Luika mine in Tanzania in the last two quarters of 2015, marking a strong recovery.
Shares in Galantas (LON:GAL) rose sharply following the success of its latest drilling project in County Tyrone, Northern Ireland.
It may not be gold, but it sure glitters … Stellar Diamond (LON:STEL) has found a 55-carat diamond, the biggest yet, at a project in Guinea. The stone was found at its 75% owned, five-hectare Baoulé kimberlite pipe in West Africa. It continues to recover high quality gems of up to 12 carats.
Breedon Aggregates (LON:BREE) has announced a £10mln road deal, its second contract win this month. The contract is for work along a five mile stretch of the A9, the first stage in a £3 billion project to transform 80miles of road between Inverness and Perth.
Finally, Andes Energia (LON:AEN) has lifted production at the Chachahuen block in Argentina and continues to find positive leads. Output has increased by around 1,469 barrels per day.