Pharma & Biotech
Pharma & Biotech
09:30 Wed 07 Sep 2022
Ariana Resources PLC (AIM:AAU) said its 75% held Western Tethyan Resources (WTR) has completed a Heads of Terms (HoT) with TSX-V listed Avrupa Minerals for an exclusive earn-in option over the Slivova gold project in Kosovo.
Slivova represents a sediment-hosted gold deposit containing NI 43-101 Resources of 640,000t at 4.8 grams per ton (g/t) gold and 14.69 g/t silver for 98,700 ounces gold and 302,000 ounces of silver (Indicated) and several less explored potential satellites.
Ondine Biomedical Inc (AIM:OBI) has said it will tell delegates at a conference that its photodisinfection technology is effective against antibiotic-resistant bacteria known as ESKAPE pathogens.
As the name suggests, these are six pathogens that exhibit multidrug resistance and virulence: Enterococcus faecium, Staphylococcus aureus, Klebsiella pneumoniae, Acinetobacter baumannii, Pseudomonas aeruginosa, and Enterobacter spp.
Pantheon Resources PLC (AIM:PANR, OTC:PTHRF) said it has qualified to trade on the OTCQX Best Market, having been upgraded from the Pink Market.
OTCQX is the highest quality tier of New York-based OTC Markets Group Inc, the operator of regulated markets for 12,000 US and international securities.
Cornish Lithium Ltd has secured additional funding from the UK government through the Automotive Transformation Fund’s (ATF) Scale up Readiness Validation competition (SuRV).
Money from the fund will be used to fund the construction of the hydrometallurgical section of a demonstration-scale processing plant at Cornish Lithium’s hard rock lithium project at Trelavour, near St Austell.
Ilika PLC (AIM:IKA, OTCQX:ILIKF) has started a nine-month series of manufacturing equipment trials as part of the industrialisation plan for its Goliath electric vehicle battery cells.
UK government will back the trials through the Automotive Transformation Fund (APC), which will see equipment vendors using representative volume manufacturing gear designed to validate Ilika’s scale-up plan.
Blackbird plc, the AIM-listed technology licensor, developer and seller of market-leading cloud native video editing software, launched a new study on September 7 demonstrating that its platform is up to four times faster than on-premise video editing platforms for popular video production workflows.
The study invited a select group of professional sports video editors to compare Blackbird’s browser-based editing platform with traditional on-premise non-linear editors (NLEs).
Results found that Blackbird was between 1.8 and four times faster than the NLEs tested.
Tissue Regenix Group PLC (AIM:TRX, OTC:TSSNF) said its underlying losses narrowed in the first half due to sales growth across all divisions and tight cost management
Adjusted EBITDA losses for the regenerative medical devices company shrank to US$0.5mln from US$1.5mln in the year-earlier period.
Thor Mining PLC (AIM:THR, OTC:THORF, ASX:THR) has said a maiden drilling programme will start in mid-September at its Wedding Bell and Radium Mountain uranium and vanadium projects in the US state of Colorado.
The 2,000-metre programme will focus on three prospects, Rim Rock, Groundhog, and Section 23, with the latter – located in the southeast corner of Wedding Bell – being the highest priority drill target.
Alien Metals Ltd (AIM:UFO, OTC:ASLRF) said it has appointed Roderick McIllree as executive chairman with immediate effect and that current chairman, Dan Smith, has become a non-executive director.
London-based McIllree is an experienced mining executive with knowledge of global finance, mergers and acquisitions, project management, international logistics and precious and base metal production, the company noted.
Synairgen PLC (AIM:SNG, OTC:SYGGF) reported positive data from its assessment of its lead drug on patients with severe viral lung infections.
Testing the mucus of patients with chronic obstructive pulmonary disease who inhaled doses of SNG001 showed human rhinovirus (HRV), which accounts for nearly 50% of infections, “was cleared more rapidly in patients treated with SNG001 than placebo”.
Union Jack Oil PLC (AIM:UJO) has reported a maiden profit in its latest interim results which the company described as transformative.
The company recapped a period that saw revenues at its Wressle field continue to beat expectations. The company’s flagship project has to date produced more than 225,000 barrels of high-quality oil, gross.
Panthera Resources PLC (AIM:PAT) said drilling results confirmed that a “significant” new gold zone has been discovered at the Labola project in Burkina Faso.
Results from recent drilling at the TT-13 target, conducted by Moydow Holdings Ltd, include 10 metres (m) at 1.55 grammes a tonne (g/t) gold; 4m at 2.10 g/t; 16m at 1.26 g/t; 9m at 1.08 g/t; and 10m at 1.81 g/t gold.
Destiny Pharma PLC (AIM:DEST) said it has received some positive feedback for its phase III clinical trial of a new antibiotic treatment from the regulators at the European Medicines Agency (EMA).
Specifically, the EMA has said a single, final-stage study of NTCD-M3 will be enough for it to make a marketing authorisation application.
Arrow Exploration Corp has announced better than expected results from testing at the East Pepper well on the Pepper Block in the Alberta basin, Canada.
The production test for the Montney zone was run over a 27.8-hour period and natural gas production tested at a peak rate of 21,206 million cubic foot per day (mcf/d) – 3,534 barrels of oil equivalent per day (boe/d) – a stabilized rate of 9,220 mcf/d – 1,537 boe/d – and an average rate of 10,921 mcf/d – 1,820 boe/d, the company said.
Accesso Technology Group PLC (AIM:ACSO, OTC:LOQPF) has said its contract to provide technology solutions to the owner of Warner Bros Movie World, Wet’n’Wild Gold Coast and Sea World Australia has been extended through to at least 2027.
The agreement with Village Roadshow (ASX:VRL) Theme Parks, Australia’s largest theme park operator, is for accesso Passport ticketing and LoQueue virtual queuing technologies and its guest experience management and ticketing distribution platforms at five of its properties, also including Australian Outback Spectacular and Paradise Country.
Chariot Limited said it has signed a pipeline tie-in agreement securing access to the major Maghreb Europe Gas Pipeline in Morocco.
The GME pipeline, owned and operated by ONHYM, runs from eastern Morocco through to Tangiers in the north and subsequently across to Spain.
Mkango Resources Ltd (AIM:MKA, TSX-V:MKA, OTC:MKNGF) said CoTec Holdings Corp, an ESG-focused investor in innovative technologies, has agreed to advance a further £500,000 to the company through a convertible advance note.
As part of the agreement, Mkango has agreed to extend CoTec’s exclusivity period for the two companies to collaborate on future investments in rare earth processing technology opportunities in the US until November 30, 2022.
Recce Pharmaceuticals Ltd (ASX:RCE, OTC:RECEF) will deliver the opening R&D address at the two-day World Anti-Microbial Resistance (AMR) Congress 2022 taking place in Washington DC on 7-8 September 2022.
World AMR Congress is the world’s largest AMR conference with more than 1,000 attendees from over 50 countries and has been the go-to event globally since 2015 for all stakeholders in the AMR space to meet, brainstorm ideas and formulate initiatives that can combat anti-microbial resistance.
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