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The Markets
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The Markets
by Proactive
Proactive UK has moved.
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Archive

Proactive news headlines: Cobra Resources, Power Metal Resources, Scancell Holdings...

A snapshot of the stories appearing on the Proactive website today

Scancell Holdings, the AIM-listed developer of novel immunotherapies for the treatment of cancer and infectious disease, has announced that the first patient in the second cohort of the multicentre Phase 1 Modi-1 clinical trial (ModiFY) has been enrolled and dosed.

Modi-1 is the first vaccine based on Scancell’s Moditope platform, while the ModiFY study is a first-in-human clinical trial for patients with triple-negative breast cancer, ovarian cancer, head and neck cancer, and renal cancer.

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China has held a monopoly on global natural graphite production for over 30 years, producing around 60%-80% of the world's natural graphite.

But the large number of advanced development projects spread throughout the globe, combined with high prices, means that the geographical distribution of the natural graphite market is poised for change.

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Condor Gold PLC (AIM:CNR, TSX:COG, OTC:CNDGF) highlighted the progress made in de-risking its La India project in Nicaragua as it reported interim results.

"Condor made significant advances during the 6-month period de-risking the fully permitted La India project to a near construction ready status and completing all technical studies for a feasibility study on La India open pit,” said chairman and chief executive Mark Child.

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Okyo Pharma Ltd said its plans going forward involve filing for an investigational new drug application (IND) for its dry eye treatment OK-101 in the fourth quarter of 2022.

The pre-clinical biopharmaceutical company will then initiate a Phase 2 trial for OK-101 in the first quarter of 2023 and subsequently explore the drug candidate's potential to suppress the inflammation associated with uveitis and allergic conjunctivitis.

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Quantum Blockchain Technologies PLC (AIM:QBT) said its shares are suspended from trading following the death of non-executive director Reginald Eccles.

The AIM-listed investment company suspended trading as the death has left it with only one remaining director.

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Rainbow Rare Earths Ltd said it has become a member of the European Raw Material Alliance (ERMA) – a group which aims to make Europe more resilient by diversifying supply chains, promoting innovation, creating jobs and attracting investment.

"We are pleased to have been accepted as a member of ERMA - an essential alliance which is working to accelerate the green and digital transition through securing and reinforcing rare earths supply chains,” George Bennett, Rainbow chief executive, said.

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NetScientific PLC (AIM:NSCI) said it completed the acquisition of a 30% stake in Vortex Biotech Holdings – a company targeting the multi-billion dollar liquid biopsy market.

Leading the development of the business and its technology, which captures circulating tumour cells, will be new chief executive Paul Jones.

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Cellular Goods PLC (LSE:CBX) said it appointed Bruna Nikolla as chief financial officer with effect from 22 August, replacing Simon Walters who will remain in his role until 1 September to ensure a smooth handover.

Nikolla will become a director and also serve as company secretary for the provider of premium consumer products formulated with lab-produced cannabinoids.

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Empire Metals Ltd (AIM:EEE) said a recently completed drilling programme at the Eclipse-Gindalbie gold project in Western Australia returned multiple significant intercepts.

The drilling programme of 26 holes focused mainly on extending the known mineralised trends, along strike and at depth, around some of the historical gold mines such as Homeward Bound, Bulletin, Eclipse and Jack's Dream as well as the small pit at Budd's Find.

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Ondine Biomedical Inc (AIM:OBI) appointed RBC Capital Markets and Singer Capital Markets as its joint brokers, with immediate effect.

European Metals Holdings Ltd (AIM:EMH, ASX:EMH, OTC:EMHLF) appointed Panmure Gordon as its joint broker, alongside WH Ireland, which will retain its role as nominated advisor, with immediate effect.

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