Synairgen plc (LON:SNG) has handed responsibility for its fibrosis treatment programme to Pharmaxis (ASX:PXS) in return for a payment of £5mln and 17% of any partnership agreement.
Iofina plc (LON:IOF) said crystalline iodine production at the company's four operating IOsorb® plants has continued to deliver encouraging results, with better than expected iodine volumes in the second half, and construction of its IO#7 plant remains on track.
Atlantis Resources Limited (LON:ARL) is to transform itself into a diversified renewable energy company with the acquisition of a significant power generation asset leading to a change of name. The AIM-listed tidal power developer has agreed to acquire SIMEC Uskmouth Power Limited (SUP) from SIMEC UK Energy Holdings Limited, a GFG Alliance company, the owner of a 220 megawatt capacity power plant in South Wales which will be converted to use an end-of-waste energy pellet as fuel.
Premier African Minerals PLC (LON:PREM) has reported more high grade mineralisation from its latest drill hole at Zulu in Zimbabwe.
Directa Plus Plc (LON:DCTA) said Romanian energy firm GSP is to evaluate the use of Grafysorber, Directa’s graphene-based product for environmental applications.
Cyber-security specialist Corero Network Security PLC (LON:CNS) has displaced a competitor with its SmartWall technology at a North American regional internet service provider (ISP).
Digital media and social video specialist Brave Bison Group PLC (LON:BBSN) has extended its commercial partnership with Royal Dutch Shell PLC (LON:RDSA) by two years.
ReNeuron Group Plc (LON:RENE) has been given the green light from US authorities to kick off a phase IIb study of its CTX cell therapy candidate for stroke disability. Long-term data from the PISCES II trial earlier this year showed the treatment has the potential to improve the disability of stroke patients.
Sareum Holdings Plc’s (LON:SAR) chairman Stephen Parker will tell shareholders at Thursday’s annual general meeting that the cancer drug discovery and development firm has enjoyed a “year of significant progress”. The AIM-listed group licensed its Chk1 inhibitor and lead candidate SRA737 to US firm Sierra Oncology just over a year ago.
C4X Discovery Holdings plc (LON:C4XD) boss Clive Dix expects the drug discovery firm to make “significant progress” over the coming months after laying down the foundations for success over that past year. Back in November the company released data on an antagonist it has developed for the Orexin-1 receptor – the part of the brain which governs a person’s addictive behaviour.
Avation PLC (LON:AVAP) has entered into a secured aircraft revolving facility agreement with a leading international bank which will be used to finance aircraft or part portfolios of passenger aircraft on lease to commercial airlines. The AIM listed firm said the initial facility amount is US$100mln with interest based on either fixed or floating rates. The optimal duration for loans under the facility is up to 36 months.
Scancell Holdings Plc (LON:SCLP), a developer of novel immunotherapies for the treatment of cancer, and Cancer Research UK, the world's leading cancer have entered into a Clinical Development Partnership to develop Scancell's ImmunoBody® vaccine, SCIB2, for the treatment of patients with solid tumours, including non-small cell lung cancer (NSCLC).
Europa Oil & Gas (Holdings) PLC (LON:EOG) has had a “record year” for corporate activity, chairman Colin Bousfield told investors ahead of today’s AGM. “The company agreed no fewer than seven transactions for the financial year ending 31 July 2017, all of which are in line with our strategy to advance our asset base towards value trigger events such as drilling, whilst managing the associated risks,” Bousfield said in a statement.
Sound Energy PLC (LON:SOU) told investors that it has now completed the first phase of 2D seismic and magneto-telluric (MT) data acquisition for its Eastern Morocco. It is the first of four phase programme which is designed to assess the exploration potential of the assets, which will be followed up by drilling.
Savannah Petroleum PLC (LON:SAVP) told investors that its proposed US$250mln equity funding will be priced between 40p and 50p per share. At this level, the company would be worth between £375mln and £400mln. Big Pic in March.
Sunrise Resources Plc (LON:SRES) highlighted project milestones and looked forward to an active 2018 as it released its full year results statement at Wednesday’s stock market close. The AIM-quoted mining group, focussed on projects in Nevada, put the spotlight on its strategic decision to focus on the CS Pozzolan-Perlite project where it is advancing towards a production start-up target in 2019.
Tertiary Minerals plc (LON:TYM) has given a bullish assessment of prospects following an uptick in the fluorspar price and a recent strategic relationship with commodities group Possehl.
Tanzania focused Katoro Gold PLC (LON:KAT) has completed a Light Detection and Ranging (LiDAR) survey at its Imweru gold project.
Concepta PLC (LON:CPT) said its myLotus fertility product got an “excellent reception” at its inaugural meeting for potential China distributors in Shanghai on 22 November 2017, and added that it anticipates 2018 to be “a transformational year” for the group.
Faron Pharmaceuticals Ltd (LON:FARN), the clinical stage biopharmaceutical company, has said it plans to host an R&D Day on Wednesday, 21 February 2018, at Panmure Gordon's offices, One New Change, London, EC4M 9AF. The group said the event will provide an opportunity to hear about the company, its R&D strategy and pipeline developments, with a focus on Clevegen, Faron's second wholly-owned pipeline product approaching the start of Phase I/II development in 2018.
Solo Oil PLC (LON:SOLO) said it was informed today that Neil Ritson, the natural resources group’s executive chairman has added to his holding in the firm with the purchase of a further 3mln shares at 3.75p each. It said the purchase takes Ritson’s holding in the company to 4.65mln ordinary shares, representing a 1.19% stake.
Collagen Solutions PLC (AIM:COS) has confirmed the appointment of Hilary Spence as its chief financial officer with effect from 3 January 2018, taking over from Gill Black who has decided to step down as CFO and from the board for family reasons.
Eurasia Mining plc (LON:EUA) has had the scheduled repayments of its loan agreement, arranged by Riverfort Global Capital Ltd in May, significantly reduced and the final payment date extended so the firm can direct more cash into mining preparation.
CentralNic PLC (LON:CNIC), the global software platform company supporting subscription web services including domain names, has bolstered its senior leadership team with the appointment of Vladimir Vano as group economist and head of communications for the Slovak market. Vano has a career of over twenty years in the banking, research, consulting and media sectors, having also served as external advisor for monetary affairs to the deputy prime minister and minister of finance of the Slovak Republic.
Aminex plc (LON:AEX) announced the appointment of Brian Cassidy, group general counsel, as its company secretary with immediate effect. The group added that Max Williams will continue in his other roles of director and chief financial officer.
Falcon Oil & Gas PLC (LON:FOG) presents a “story that’s well worth following”, according to RBC Capital, in a new write up following the release of a draft final report in the ongoing review of fracking in Australia’s Northern Territory. The Canadian broker has initiated coverage on the stock with a 25p price target and a ‘sector perform’ rating.
Capital Networks has issued a research note on PCF Group Plc (LON:PCF) following the specialist lender’s recent full year results. Analyst James Dolman said he has maintained his EPS target for PCF for 2020 at 3.84p based on a net interest margin of 8.0%, which Dolman considers “inexpensive especially given the portfolio asset growth of 20% in the financial year”.
Capital Networks has issued a research note on Harvest Minerals Limited (LON:HMI), with analyst Sam Catalano saying he continues to believe that “the near-term cashflow generation potential for Harvest Mineral shareholders is compelling.”