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The Markets
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
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Pharma & Biotech

Proactive News Highlights: Aminex, Amedeo Resources, Alliance Pharma, Constellation Healthcare and more...

A round up of the day's news from Proactive Investors.

Aminex plc (LON:AEX) and Solo Oil PLC (LON:SOLO) ticked off an important item from the checklist as they continue to count down to the new well for the Ntorya discovery.

A rig contract has now been signed. It is now anticipated that Carol-2 drilling rig, which is onsite at the Ntorya-1 well will now be moved the 1.6 kilometres southwest to the location of Ntorya-2 well.

Constellation Healthcare Technologies (LON:CHT), the US-focused medical billing services specialist, has unveiled its fifth deal since listing – the acquisition of VEGA Medical Professionals for up to US$24mln in cash and shares.

Netscientific PLC (LON:NSCI) shared gained more than 10% after news that its portfolio company Glycotest has been granted a Japanese patent for its core technology for the early detection of liver disease.

Operational issues at Premier African Minerals Limited's (LON: PREM) RHA tungsten project in Zimbabwe have been well documented but the new look crushing screens have now been commissioned, it told investors.

Sound Energy PLC (LON:SOU) has re-negotiated the headline acquisition terms for a 50% stake in the Sidi Moktar assets in Morocco, sealing a deal that could provide a £3mln boost to its coffers at last night’s share price.

Haydale Graphene Industries (LON:HAYD) has made a strategic move into the US market through the acquisition of ACMC for up to US$7mln.

Based in South Carolina, ACMC specialises in the manufacture of high purity silicon carbide (SiC) whiskers, which are used to reinforce and toughen ceramics and polymers.

Solo Oil PLC (LON:SOLO) chairman Neil Ritson has told investors he is delighted that the Ntorya project in Tanzania is now gaining momentum, following a project update from partner Aminex plc (LON:AEX).

Marine vessel and commodity investor Amedeo Resources PLC (LON:AMED) expects its first order - a mobile offshore jackup rig named 'Explorer 1' - to be ready for delivery by the end of 2016.

The market for marine vessels remains depressed and no new orders have been won for rigs or other marine vessels, it told its latest half year results.

Alliance Pharma plc (LON:APH) chief executive John Dawson has trimmed his holding in the specialty pharmaceutical firm after selling 3mln shares.

Dawson sold the shares at a price of 45.25p per share, slightly lower than today’s opening price, netting him around £1.35mln.

And finally, Netscientific PLC’s (LON:NSCI) portfolio company Wanda will supply its home-centred care technology to LA-based care services firm 24Hr HomeCare.

24Hr HomeCare will use Wanda’s predicative analytics and behavioural guidance technology to improve outcomes for at-risk patients and reduce hospital readmissions.

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