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We should get a confirmation receipt RNS of the 100K.. and I think some posters on here have confirmed that earlier.
Regarding the next RNS.
Who knows what that may be... I would hope for a few (good) surprises, but with Ciz who knows.
Let's hope they got the message about comms.
Would be nice, but I doubt we will get one specifically in relation to receipt of funds I would think the next RNS in relation to the MOU would be confirming whether we have or have not succesfully concluded the legals and the deal becomes binding (which gives CIZ US$2.3M dollars as a minimum) or if the deal did not conclude.
RNS confirming receipt of funds by the end of the week?
2 Apr 24 RNS: 'the Company will benefit from the free issue of shares in BIO. BIO is paying a non-refundable upfront fee of US$100,000 within 30 days of signing the MoU for a 120-day exclusivity period to complete the formal legally binding agreement.'
Im not saying it wont come just that in all likehood it hasnt yet been deposited. I dont think its out of the ordinary for companies to prioritise holding onto cash - i certainly would hand over 100k at the last possible moment and would want to be confident the deal will progress given its non refundable
I would say cash not yet receieved. Note 24 (post balance sheet events) to accoubts states company 'will receive' 100k... given they were signed yesterday i would expect this statement to say cash has been received. Will digest the rest this evening
Reading matter for later
No surprises. Confirmation that the French connection is an addition to, not replacement for, previous assays.
https://*************************/status/1785237454934639087?t=y9knhi4kegircmd5vvxcdq&s=19
seems to work
Just had an alert from v O x. Appears the latest accounts are out. Strange its not available officially here yet....
http://www.rns-pdf.londonstockexchange.com/rns/5816M_1-2024-4-30.pdf
ATB LB
That was kinda my point.
Or is the test now fully developed, and just awaiting trials?
Wonder why they've chose now to release this info when we already knew it from the last RNS.
Caveat is that the phrase "Rapid" in Ciz World can mean anything, and could do with 100K coming through rapido.
Good coverage. Might wake a few people up with regards to the potential here.
Nice find LB. I like the bit at the end.
"Philippe Funfrock, CEO of ProteoGenix, said, "Our partnership exemplifies the significant progress that can be made when innovative technologies and shared goals come together in the fight against cancer."
As this blood test advances toward U.S. clinical trials and AIMS FOR RAPID COMMERCIALISATION, this collaboration sets a new industry standard in the fight against lung cancer.
Ps but what I love most is that someone can be called 'Funfrock' Phillipe Funfrock. Sounds like a happy guy : o)
Excellent find LB and thanks for sharing. ATVB
Article was from linkedin.
'As previously reported, we are delighted to share today's press release announcing that ProteoGenix has successfully developed and delivered a new monoclonal antibody for detecting the CIZ1B Biomarker, which is highly associated with early-stage lung cancer. ProteoGenix is a France-based antibody development and production contract research organisation, with an extensive track record in generating antibodies from development to production for therapeutic, diagnostic and research use. This will extend the product range and proprietary rights that Cizzle Biotechnology plc has for detecting this biomarker for use in clinical tests. '
https://www.linkedin.com/posts/cizzle-biotechnology-plc_proteogenix-and-cizzle-biotechnology-collaboration-activity-7190718776324022273-ZJHG?utm_source=share&utm_medium=member_desktop
ATB LB
Widglide - Do your parents know you've managed to sneak onto the Internet?
After re-reading the 2nd April RNS over the weekend I noticed that there is no specific mention on activity in developing the test between now and potentially, August.
The only mention of activity is in AS stating that the focus is now on finalising binding legal documentation.
Has development been placed in limbo whilst the agreement is finalised or am I missing something here?
It’s in the right place if not should be lower for a company that’s doing jack !! Nearly half year and nothing in progress. Joke of a company
It needs test validation to move. Words and plans of AS have caused this all time low. We know if BB in US doesn't get a collaboration soon, CIZ will need another placing. Never mind staged payments in future. We hope BB and his rich backers can agree with a Co to produce a test soon.
Doubt it will feel like a bargain if bio havent deposited 100k by end of the week
This price is mental
Think the Sky News Cancer story was re to Skin Cancer. It stated that it increased life expectancy to over 3 years in 50% of cases. Hardly a cure is it ? 1000 people in Clinical Trials. I’m no Expert but surely if you are going to claim you have any chance of curing whatever Cancer / then you’re going to have to identify it as soon as the first Cell blobs ??? Yes / No ??