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Midatech Pharma’s OpsiSporin showing ‘exceedingly good promise’ – CEO

Jim Phillips, chief executive of Midatech Pharma (LON:MTPH), says eye-disease drug OpsiSporin is on an accelerated programme in terms of investment priorities after it showed ‘exceedingly good promise’ with the company’s controlled release technology.  Philipps tells Proactive Investors that as revenue builds up the specialty pharma company will continue to spend ‘a lot of money’ on research and development to bring products to market.

In its full year results Midatech announced  proforma revenues for the combined business which were ‘well ahead of market expectations.’

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