Proactive Spotlight:
Avacta Group Plc (LON:AVCT) said it is at an “important value inflection point” after validating the commercial potential of its Affimer technology and by extension the company's business model.
It follows the successful evaluation of its technology by a “large, global diagnostics developer”.
This has led the partner company to acquire the exclusive rights to several Affimer reagents for an undisclosed sum.
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Affimers are small, engineered proteins, some of which are of human origin and some of plant origin, capable of binding specific molecular targets, in a similar way to antibodies.
Avacta has set up a number of paid-for evaluations of the platform with a view to securing commercial agreements.
Today’s is the first of these studies to conclude and it has led to a commercial deal.
Other Proactive news stories:
Galantas Gold Corporation (LON:GAL) has received notification that the Police Service of Northern Ireland (PSNI) will not provide anti-terrorism cover in regard to blasting operations required for development of the Omagh gold mine.
Aminex plc (LON:AEX) has announced a major upgrade to the gas resource estimates for the Ntorya project in Tanzania. The Ntorya discovery is now estimated to have some 466bn cubic feet of mean gas initially in place (GIIP), up from the previous estimate of 153bn cubic feet. Aminex owns a 75% interest in the Ntorya project, alongside Solo Oil PLC (LON:SOLO) with the 25%.
WATCH: 'Rovuma Basin continues to deliver', says Aminex boss
Solo Oil PLC (LON:SOLO) reckons the Ntorya gas project in Tanzania could be host to some 186bn cubic feet (BCF) of 2C contingent gas resources, up from a past estimate of 70 BCF.
Drilling results from Metal Tiger PLC’s (LON:MTR) Kalahari copper belt joint venture in Botswana has confirmed “significant intersections” directly below the current T3 resource.
Amryt Pharma PLC (LON:AMYT) has enrolled its first patient to the EASE phase III clinical trial of AP101. Also known as Episalvan, it offers a potential treatment for the rare, genetic skin disorder Epidermolysis Bullosa.
Loss-making multi-currency payments service FairFX Group Plc (LON:FFX) turned a corner in the fourth quarter, achieving a net profit. The momentum has continued into the current year, with the first quarter seeing revenue growth of 33.1% to £2.6mln from £1.9mln the year before.
Cloud computing group Nasstar Plc (LON:NASA) unveiled a big dividend increase as revenues and underlying profits grew in its latest year despite two direct impacts from the Brexit vote.
The world’s biggest golf tour has chosen AIM-listed digital media and social video broadcaster Brave Bison Group PLC (LON:BBSN) to help enhance its presence on YouTube.
Work on the ground in preparation for the commencement of construction at Berkeley Energia Limited’s (LON:BKY) Salamanca mine is well underway, with over 600 hectares acquired or leased to date under the land acquisition programme and with only a few hectares remaining to be acquired.
WATCH: Zak Mir on Berkeley Energia
Mobile commerce company mporium Group PLC’s (LON:MPM) decision to use media agencies as the distribution channel for its flagship IMPACT product has proved effective.
Hummingbird Resources PLC (LON:HUM) said it Yanfolila gold project in Mali is on time and on budget with 410 people on the ground during the construction phase.
Commercial passenger aircraft leasing company Avation PLC (LON:AVAP) is on course to net a windfall of US$31mln after it confirmed the sale of six planes to Chorus Aviation Inc (TSE:CHR).
Eland Oil & Gas PLC (LON:ELA) told investors it has completed a bank review that has confirmed the Nigerian oil group’s borrowing base at US$24mln.
Stratex International plc (LON:STI) has sold its 45% interest in the Altintepe gold mine in Turkey to its joint venture partner, Bahar Madencilik. The consideration of US$8mln cash is net of any taxes and costs.
Healthcare and biomedical investor Netscientific PLC's (LON:NSCI) portfolio company Wanda has sold off its stake in OncoVerse LLC for an undisclosed sum. The sale to BTG PLC (LON:BTG) represents a “strong return” on NetScientific’s initial investment and a “successful exit” from the first downstream application from Wanda.
Tavistock Investments PLC (LON:TAVI) has appointed Peter Horbye to head up international operations for Tavistock Wealth, its investment management business.
Shares in Collagen Solutions PLC (LON:COS) flexed their muscles on Monday morning as the company announced a consolidation of its research & development (R&D) activities. The shares rose as the company said it plans to relocate its US R&D headquarters from San Jose to Minneapolis by September of this year.
Nicaragua-focused gold miner Condor Gold PLC (LON:CNR) is to set up a US trading facility to boost exposure and liquidity among US investors.
Weather conditions were not kind to miner Vast Resources PLC (LON:VAST) in Romania and Zimbabwe in the first three months of the year.
Metals Exploration Plc (LON:MTL) said it continues to make slow progress at its Runruno gold mine in the Philippines.
The logistics arm of infrastructure firm Stobart Group Limited (LON:STOB) is listing on AIM tomorrow, in what will be the junior market’s biggest float so far in 2017.