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The Markets
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The Markets
by Proactive
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Pharma & Biotech

Proactive news highlights: Advanced Oncotherapy, Chagala Group, Ebiquity, Richland Resources and more...

Optibiotix releases the results of a consumer survey, Aureus Mining will become the owner and operator of its New Liberty gold mine in Liberia and Forbidden Technologies pushed up total sales by a quarter in its latest half year.

Developer of next-generation cancer treatment Advanced Oncotherapy (LON:AVO) has appointed Richard Amos as International Director of Medical Physics, a non-board position.

In other news, Optibiotix Health Plc (LON:OPTI), the AIM quoted majority owner of The Healthy Weight Loss Company, which recently launched the GoFigure range of meal replacement shakes and snack bars, today released the results of a consumer survey. Every consumer responding to the survey said that they had lost weight.

Elsewhere, Ebiquity plc (LON:EBQ) has launched a new global advertising intelligence platform, extending its reach to 15 European countries and up to 80 territories worldwide.

The marketing analyst is rolling out the platform to more than 120 companies with users across every continent.

Meanwhile, Gene editing specialist Horizon Discovery Group PLC (LON:HZD) has been recruited by Fulcrum Therapeutics Inc to deploy its cutting-edge CRISPR-based screening platform to identify targets for regulating gene expression.

Over at Aureus Mining Inc (LON:AUE, TSE:AUE) it will become the owner and operator of its New Liberty gold mine in Liberia - a strategic move which will reduce ongoing costs, the miner said.

The mining services contract was previously held by Africa- focused firm MonuRent but this has now been transferred to Atmaca Services (ASLI) - a Liberian company wholly owned by MNG Gold Jersey Ltd- Aureus's 55% shareholder.

Stadium Group plc’s (LON:SDM) interims revealed some of the benefits of making the transition to higher-margin, design-led electronics.

However its progress was hampered by an already-flagged decline in the wireless business and the loss of a major customer.

Next, Kazakh specialist property group Chagala Group Limited (LON:CGLO)told investors it is raising US$5.75mln through a share sale.

The aim of this injection of funds is to repay bonds and to strengthen the group’s balance sheet.

Video editing specialist Forbidden Technologies plc (LON:FBT) pushed up total sales by a quarter in its latest half year though losses remained largely unchanged.

Invoiced sales rose by 25% to £445,000, with £150,000 of that deferred. Actual revenues were flat at £327,000.

Richland Resources Limited (LON:RLD) generated sales of US$640,000 in the first half of the year to June 30 from sapphire mining in Queensland.

The company’s Capricorn mine is still ramping up production but is expected to produce at a rate of 800,000 carats from the current quarter onwards, with a short-term spike to over 1.2 mln carats per quarter during 2017.

And finally, E-learning specialist Learning Technologies PLC (LON:LTG) saw a strong first half with the benefits of a huge contract with the Civil Service yet to come through.

Helped by the acquisitions of Rustici and Watershed last year, sales rose by 52% to £12.8mln and underlying earnings by 145% to £3.2mln.

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