Faron Pharmaceuticals Oy (LON:FARN) chief executive Dr Markku Jalkanen has said he is “thrilled” with the progress of the firm’s early-stage cancer clinical trial. Faron has outlined plans to expand the phase I/II MATINS study of its Clevegen treatment in patients with CLEVER-1 positive cancer types.
Pan African Resources plc (LON:PAF) has told investors it is assessing options to build on the momentum achieved in the past year. Ahead of results for the twelve months ended 30 June 2019, the company highlighted that through the year it has emerged as a safe, low-cost and long-life gold producer.
Production at Iofina PLC’s (LON:IOF) iodine plants in Oklahoma rose 10% in the first half of the year. In the six months ended 30 June, the AIM company ,which extracts iodine from brine produced by onshore oil wells, produced 286.7 metric tonnes of crystalline iodine from its four working plants, up 9.8% year-on-year (H1 18: 264.1 MT).
Open Orphan PLC (LON:ORPH) has sold its remaining shares in cosmetics testing group Integumen PLC (LON:SKIN). Integumen.
Hurricane Energy PLC (LON:HUR) has spudded the Lincoln Crestal well in the Greater Warwick Area, which lies about 100km off the west coast of the Shetland Islands. The well was spudded – the start of the drilling process – using the Transocean Leader rig, which recently completed work to plug and abandon the Warwick Deep well.
Seeing Machines Limited (LON:SEE) has moved to play down speculation that it has been appointed to deliver its driver monitoring technology to Swedish car giant Volvo. An online article claimed that “the evidence is stacking up” that Seeing Machines beat off competition from Sweden-based rival Smart Eye to win the contract.
Kromek Group PLC (LON:KMK) will achieve cash breakeven this year, according to analysts at Cantor Fitzgerald, who on Friday reiterated their ‘buy’ rating and 45p target price on the stock.
HemoGenyx Pharmaceuticals PLC (LON:HEMO) has filed a new patent application for its CDX antibody. It covers its use in conditioning patients for bone marrow transplant and its deployment in a number of hard-to-treat blood borne diseases, including acute myeloid leukaemia (AML).
Anglo African Oil & Gas PLC (LON:AAOG) told investors it will go ahead with talks to secure new funds from current co-investor Riverfort Global Capital. In a statement, AAOG said that its board unanimously chose Riverfort following a competitive process in which three potential investors provided their best and final offers to the company.
Nu-Oil and Gas Plc (LON:NUOG) is to contest a claim for costs by its partner on the Garden Hill assets in Canada saying it has no merit. Subsidiary Enegi Oil Inc has been working with PVF Energy Services on the licence - Production Lease 2002-01(A).
ReNeuron Group PLC (LON:RENE) has appointed a business development director as it hunts for potential collaborations and out-licensing deals.
Ncondezi Energy Limited (LON:NCCL) has announced the receipt of a shareholder loan conversion notice in relation to 3,144,485 shares from lenders at a conversion price of 10.0p per share. In relation to this conversion, the company said it has issued and allotted 3,144,485 new ordinary shares of no par value.