Collagen Solutions PLC (LON:COS) is to make an initial submission for a CE mark after positive results from a clinical study of ChondroMimetic implants. Collagen's shares opened 29% higher at 3.49p as the company revealed quantitative three-dimensional magnetic resonance imaging analysis in the long-term study concluded that cartilage regeneration in the treated defects had reached a level and structural quality nearly identical to native cartilage. Big Pic in February.
Falcon Oil & Gas Ltd (LON:FOG, CVE:FO) has detailed new insights regarding the potential of its Beetaloo shales discoveries in Australia, coming from the analysis of project operator Origin Energy. It comes as the two partners anticipate news of the Northern Territory’s review of fracking, which is under moratorium, when the authorities release a long-awaited report next month. Big Pic in December.
Skin health specialist SkinBioTherapeutics PLC (LON:SBTX) remains on track to start its first human study for its cosmetic application in the third quarter of 2018. In its half-year results statement covering the second half of 2017, the life sciences company said it ended the year with £3.6mln in cash, up from £400,000 or so a year earlier
SDX Energy Inc (LON:SDX) (CVE:SDX) has finished drilling the KSS-2 well, at the Sebou project onshore Morocco, though analyst determined that the gas saturation was too low and the well is not deemed to be commercial. KSS-2 encountered 8 net metres of high quality reservoir, on prognosis, but, the company believes that the well location has been isolated from the reservoir source rock as it is on the ‘upthrown’ side of a fault.
Range Resources Ltd (LON:RRL) has announced the appointment of Mr Lubing Liu as its new chief operating officer, effective March 1, and at the same time the company updated investors on its operations in Trinidad. Average net oil production amounted to 777 barrels of oil per day in January, representing 23% growth compared to the rate measured for the quarter ending December 31.
FairFx Group PLC (LON:FFX) has acquired international payments and travel currency services provider City Forex Limited, for a consideration of £6mln payable in cash. The electronic banking and international payments group said the acquisition of City Forex is expected to be immediately earnings enhancing.
Coinsilium Group Limited (AQSE:COIN) announced that it has been engaged by online education platform operator Tutellus Technologies SL to advise them on the development of a blockchain-based platform in advance of its upcoming Token Generation Event.
Eco (Atlantic) Oil & Gas Ltd. (LON:ECO) (CVE:EOG) has forwarded on the first batch of seismic data shot by Tullow Oil (LON:TLW) over the Orinduik field. French giant Total has an option to take a 25% working interest in Orinduik from Eco for a payment of US$12.5mln.
Metal Tiger PLC (LON:MTR), the AIM listed investor in strategic natural resource opportunities, announced that it has made on-market purchases of a further 8.25mln shares in Thor Mining PLC (LON:THR) (ASX:THR) at an average price of 3.35p each. Metal Tiger’s holding in Thor is now 77.6mln shares, representing 12.02% of the issued share capital.
Rainbow Rare Earths Limited (LON:RBW) expects to commission the new processing plant at the Gakara mine in Burundi later this month, after which the scale of mining should pick up sharply. The plant is now running as designed said Rainbow and final adjustments have been completed.
Faron Pharmaceuticals Oy (LON:FARN) also announced that its recent fundraising has been subscribed for in full, raising approximately £15.0mln before expenses by way of the placing of 1,729,350 shares and a subscription of 134,000 shares at a price of 805p each. The group said the placing and subscription have been supported by the participation of existing and new institutional shareholders.
Faron Pharmaceuticals also announced that it todayed host an R&D Day to discuss its strategy and pipeline developments, including a focus on Clevegen, Faron's second wholly-owned pipeline product. The event took place from 13:00 to 15:00 GMT at the offices of Panmure Gordon, One New Change, London, EC4M 9AF.
Motif Bio Plc (LON:MFTB) (NASDAQ:MTFB), the clinical-stage biopharmaceutical company specialising in developing novel antibiotics, has announced that three iclaprim abstracts have been accepted for presentation at the upcoming 28th European Congress of Clinical Microbiology and Infectious Diseases (ECCMID 2018) to be held in Madrid, Spain, April 21-24, 2018.
Taptica International Ltd (LON:TAP) has announced that it will be attending this year's Mobile World Congress, the world's largest exhibition and conference for the mobile industry, in Barcelona from 26 February to 1 March, where Tremor Video DSP, a Taptica company, will host a session as part of the MWC Partner Programme on 'The fusion of TV & Digital: 1 to 1 creative storytelling'.
Capital Network has issued a research report on Evgen Pharma (LON:EVG), the group that is developed a proprietary technology - Sulforadex® - that allows the synthesis of sulforaphane, a natural compound that has shown therapeutic potential. Analyst Riccardo Lowi thinks that positive results from its two lead programs in SAH and breast cancer will trigger licensing and/or M&A activity for the firm.