Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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Total income was the highest first half income ever recorded by Physiomics and slightly ahead of the six-month comparable prior period ended 31 December 2020. Operating losses of £170k were just £38k greater than those of the comparable prior period despite a significant increase in marketing activities, including the hiring of the Company's first Head of Business Development. The Company finished the half with a strong balance sheet showing shareholder funds of £1.08m at 31 December 2021 (compared with £1.29m at 31 December 2020) of which £794k were cash and cash equivalents
https://www.investegate.co.uk/sareum-holdings-plc--sar-/rns/sareum-notes-acquisition-of-sierra-oncology-by-gsk/202204131600173162I/ RNS just landed… interesting we had involvement in this?
I like this snippet
In addition to the areas noted above, the Company is actively considering how it could use its extensive capabilities in modelling, simulation, data analysis and AI techniques, to develop further innovative assets in collaboration with other partners. The Company is particularly focused on fields such as AI-enabled drug discovery/development and cancer diagnostics. Further information on this initiative will be provided as progress is made.
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Q:  Can we say how long we’ve been in discussion with the potential new big pharmaceutical client?
We’ve been in discussion with them for over 12 months, and that is common for big pharma clients.
Large pharma been in discussions 12 months prior to March 2022 interims news due
From the interims.. In addition to the areas noted above, the Company is actively considering how it could use its extensive capabilities in modelling, simulation, data analysis and AI techniques, to develop further innovative assets in collaboration with other partners. The Company is particularly focused on fields such as AI-enabled drug discovery/development and cancer diagnostics. Further information on this initiative will be provided as progress is made.
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It won't take a lot too move this up nicely!
Another £1600 in JISA
£5k is 5p
£2.5k 4.8p
£15k 5.2p
I wonder if PYC still have some license agreement with the work they did on sra737 ?
Added another 67,787
Very much so, you would think with the 2 year backlog due to covid, things can only be helped / improved / solved by A.I and drug development.
So GSK buy Sierra Oncology - hmmmmm - links ;-)
There is definitely a different feel to this company in the last two or three years or so. The day to day contract stuff is rising and we have three longer term commercial trials/contracts on the go. I guess the most obvious to increase revenue is the VAL one. I think the company has done well to keep the cost base down in spite of the rising headcount and have just done a small 1K top- up to benefit from the rising SP as revenue starts to rise and inevitably profits will follow.
Added another 106128 shares.. Really pleased to have got £10k down at these prices !!
Shame your noise seems to have ticked us up, I'm adding another £5k this morning
Since 2016 the company has been transformed from a company with revenues under a million which doesn't make a profit into a company with revenues under a million which doesn't make a profit.
Also check out who works with our recent repeat client Numab
Company has also signed on Numab Therapeutics this year. Numab is a well-funded biotech operating in various therapy areas including oncology and boasts Daniel Vasella, the former CEO of Novartis, as its Chairman.
I think GSK as be the large pharma as CEO was business development there for 15yrs prior to becoming CEO in 2016, he has transformed PYC since 2016 hence why the 20yrs rubbish from share4 is laughable
Jim is taking us to profitability unlike the mgmt PRIOR to 2016
Good spot 1978
https://www.investegate.co.uk/physiomics-plc--pyc-/rns/final-results/201710160700036079T/
Yes, it was 2017, but "Received payments from Sareum for modelling carried out in 2010 to support the identification of an optimal combination regime of a Chk1 inhibitor and a DNA-damaging agent following the licensing of a compound in this family to ProNAi Therapeutics (now Sierra Oncology)"
GSK acquire Sierra. SAR did deal with Sierra and PYC work(Ed) with SAR https://www.londonstockexchange.com/news-article/GSK/gsk-agrees-to-acquire-sierra-oncology-for-1-9bn/15410539
Pleased to see you are still here, hope you on the road to recovering after your medical issue. ATB.
It's quite all right share4 - no need to apologise for not understanding my post.
Admin.. ~2765GH