Redx Pharma Plc (LON:REDX) has received approval from the UK regualtor (MHRA) and the Ethics Review Committee for its Clinical Trial Application for the Porcupine inhibitor RXC004.
The approval provides permission for Redx to initiate a Phase IB/ Phase IIA study of RXC004 in patients suffering from gastric, biliary and pancreatic cancer.
Clinigen Group PLC (LON:CLIN) founder Peter George has sold 500,000 shares at 875p per share. His beneficial interest in the pharmaceutical services group is now 2.81mln share or 2.44%.
Eland Oil & Gas PLC (LON:ELA) released details of an equity reorganisation to allow major shareholder Helios Natural Resources to convert some non-voting shares into voting shares, addressing the dilution of its influence created by a recent share placing.
Earlier this month, Eland raised £15.2mln through the issue of new equity – placing shares at 27.55mln at 55p each.
Falcon Media House (LON:FAL) has signed a Memorandum of Understanding with the UK arm of Indian conglomerate Tata to collaborate on a B2B streaming service aimed at brands and content rights holders.
E-commerce enabler Blur PLC (LON:BLUR) is to cut more costs and will look to bolster its cash position as it repositions its platform towards larger customers.
Trinity Exploration & Production PLC (LON:TRIN) now has a clear strategic focus, to grow reserves and production to maximise cash flow, the company highlighted in a statement ahead of today’s annual general meeting.
The Trinidad-focussed company noted that whist production has declined in recent years, from 3,600 barrels per in 2014 to around 2,500 bopd due to a lack of investment, the group’s asset ‘remains intact’ and production growth will be possible with new investment.
Russia –focused gold miner Petropavlovsk PLC (LON:POG) has appointed Ian Ashby as its new chairman to replace founder and mining veteran Peter Hambro. Hambro was voted out of office at the company’s annual general meeting yesterday after he was opposed by a group of shareholders speaking for over 30% of the shares.
European Wealth Group Limited (LON:EWG) launched an £8.8mln fund-raising today designed to make the integrated wealth management group “debt free with working capital flexibility and balance sheet strength to allow it to pursue its stated strategy.” The AIM-listed firm said it has entered into a subscription and underwriting agreement with shareholders Astoria and Kingswood to raise total gross proceeds of approximately £9.2mln.
Crystal Amber Fund Limited (LON:CRS), the investment group run by veteran investor Richard Bernstein, has said it believes the recent fall in its share price primarily reflects the decline in that of Hurricane Energy PLC (LON:HUR), its largest investment.