Abzena plc (LON:ABZA) could receive up to US$35mln in development and commercial milestone payments and royalties from an antibody sequence it has licensed to a US biotech start-up. Cambridge, Massachusetts-based Trieza Therapeutics will use the Abzena antibodies alongside its own viral vector technology to develop cancer drugs.
Falcon Oil & Gas Ltd (CVE:FO LON:FOG) reported that an extended production test of the Amungee NW-1H horizontal well confirmed consistent gas flows of more than one million cubic feet per day.
Aircraft leasing company Avation PLC (LON:AVAP) has sold the last five remaining Fokker 100 aircraft in its fleet. The five ageing aircraft, which were originally manufactured in 1992-1994, have been sold more or less at book value.
Stobart Group Limited (LON:STOB), the operator of Southend airport, said 12 new European routes from the airport have been confirmed. The routes, operated through Stobart's franchise agreement with Flybe, will start from May 2017, though tickets are already on sale.
Koovs PLC, the India-focused online fashion business chaired by Labour life peer Waheed Alli, said it had been affected by the country’s demonetisation programme. Introduced last month with no warning by Prime Minister Narendra Modi, it took 500 and 1,000 rupee notes out of circulation.
ImmuPharma PLC (LON:IMM) Thursday confirmed it has completed patient recruitment for its phase III clinical trial of Lupuzor, a potentially breakthrough treatment for lupus. It has delivered on its plan to have 200 sufferers of the life-threatening auto-immune disease taking part in the study by the end of the year.
Advanced Oncotherapy PLC (LON:AVO) told investors on Thursday that it has reached another “key milestone” in the development of its LIGHT proton therapy system. The company has integrated the proton source and radio frequency quadruple (RFQ) following a successful testing programme at ADAM – a research centre in Geneva funded by AVO.
San Leon Energy PLC (LON:SLE) has confirmed that a relatively unknown Chinese investment group is behind a possible £485mln takeover deal for the oil explorer.Geron Energy Investment has lodged an indicative offer of 80p-a-share, 60% higher than Wednesday’s closing price of 51p.
Harvest Minerals Limited (LON:HMI) has started mining at the Maximus prospect on its Arapua fertiliser project in Brazil after the award of trial permit. The company has also signed a letter of intent with local coffee company Veloso to supply it with 45Kt of its KPfertil fertiliser product through 2017.
Rock chip sampling work has identified seven lithium bearing structures on its acreage in Finland, said Savannah Resources Plc (LON:SAV). Five of the samples were found on the Erajarvi prospect and two at Somero, where the grades were highest with a best of 4.47% lithium oxide (Li2O) at Torkkamaki along 150m of mineralisation.
Sunrise Resources Plc (LON:SRES) reported a mixed update from its two pozzolan projects in Nevada. At the CS deposit things are going well with samples indicating it contains a high quality natural pozzolan competitive with other commercial deposits in the market today.
CloudTag Inc (LON:CTAG) said £700,000 of loan notes have been converted into 10.77mln CloudTag shares by L1 Capital Global Opportunities Master Fund. The shares were converted at a price of 6.5p each.
Simon Clifton, chief technical officer of Satellite Solutions Worldwide Group PLC (LON:SAT), has upped his stake in the company to 6.3%. Clifton recently bought 2.5mln shares in the company at 7.7p a throw, at a total cost of £192,500.
After sharp initial falls yesterday, shares in Indonesian palm oil producer MP Evans Group PLC (LON:MPE) bounced back today as the company welcomed the rejection by shareholders of a hostile takeover bid which it believed "very substantially undervalued" the company.
Anglo Asian Mining Plc (LON:AAZ), the AIM-listed gold, copper and silver producer focused in Azerbaijan, revealed that its president and chief executive officer, Reza Vaziri has agreed to extend the term of his US$4mln loan facility to the company due to expire on 8 January 2017.
StratMin Global Resources PLC (LON:STGR) confirmed that it has today received the first payment of A$955,000 (£557,067) regarding the early cash settlement of outstanding payments from Bass Metals Ltd. The group also confirmed that the placement of its 70 million shares in Bass has occurred and it expects to receive the proceeds before the year-end.
Cantor Fitzgerald has initiated coverage on five UK-listed technology stocks which it feels all “stand before significant global market opportunities.”
The broker started all five stocks - GB Group PLC (LON:GBG), accesso Technology Group PLC (LON:ACSO); Dotdigital Group plc (LON:DOTD); Blancco Technology Group PLC (LON:BLTG); and Gresham Technologies PLC (LON:GHT) - with ‘buy’ ratings.
West African Minerals Corp (LON:WAFM) said it will continue to look at how it can best utilise its assets, particularly the Sanaga iron ore deposit in Cameroon.
Computer games industry services provider Keywords Studios PLC (LON:KWS) has hit the acquisition trail again. It has splashed out €650,000 on Madrid-based Sonox Audio Solutions.