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Akers Biosciences appoints chief executive after settling legal battle

Mon, 08th Oct 2018 13:10

(Sharecast News) - Akers Biosciences appointed Howard Yeaton as chief executive on Monday as the company reached a settlement in its legal dispute with Pulse Health.Yeaton has more than three decades of senior financial and strategic business experience, having worked with Financial Consulting Strategies, Stewardship Financial Corporation and Teco Energy, and has served as a consultant to Akers since April.Yeaton will head the company after the departure of John Gormally, who has resigned from the AIM traded company with immediate effect after serving for three years.Following a strategic review, the new chief executive's first task will be to improve the market presence for its particle immuno-filtration assay products, which test for an allergic reaction to Heparin.Meanwhile, Akers will pay $0.9m to Pulse Health as a result of a settlement agreement related to Pulse's lawsuit in which alleged a breach of a previous settlement agreement that had been entered into on 8 April 2011.Under the new deal, the company will not make, use, sell or offer to sell the BreathScan OxiChek, or any product that detected aldehydes or oxidative stress in exhaled human breath or breath condensate using either basic fuchsin or sodium metabisulfite or any form.Akers added that it does not expect to see a material impact on revenues as a result of withdrawing the product from sale.Akers Biosciences' shares were down 8.89% at 20.50p at 1620 BST.
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15 Aug 2018 08:04

Akers Biosciences profits hit over antigen difficulties

(Sharecast News) - Akers Biosciences' losses burgeoned as second-quarter revenues were cut in half after softer sales of its flagship Heparin rapid assay products had offset a stronger showing in its breathalyser unit.

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3 Apr 2018 13:45

Akers Biosciences 2017 Revenue Rises But Loss Widens On Higher Costs

LONDON (Alliance News) - Akers Biosciences Inc on Tuesday said revenue grew in 2017, but its loss widened due to increased costs across the business.The AIM-listed firm

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16 Mar 2018 18:11

Akers Biosciences Nets USD49,000 From Warrants Exercise (ALLISS)

LONDON (Alliance News) - Akers Biosciences Inc, a developer of health screening and testing products, said Friday that it has netted USD48,750 from warrants to

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16 Feb 2017 08:44

Akers Biosciences gains US patent for disposable cartridge

(ShareCast News) - Akers Biosciences, a developer of rapid health information technologies, has been granted a US patent for its wellness disposable markers. The US Patent and Trademark Office has given a patent for its proprietary cartridge for the optical scanning device used in the company's Brea

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10 Jan 2017 12:06

Akers Biosciences to raise $2m in US placing

(ShareCast News) - Rapid diagnostic test manufacturer Akers Biosciences said it plans to issue $2m of new shares plus warrants over another $1m worth of shares. The AIM- and Nasdaq-listed outfit said funds will be used for working capital as well as to accelerate growth in the US and in internationa

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19 Dec 2016 14:52

Akers Biosciences signs three year deal with US hospital group

(ShareCast News) - Rapid health information technology developer Akers Biosciences announced on Friday it has signed a three-year agreement with the Greater New York Hospital Association to introduce its flagship rapid tests for heparin-induced thrombocytopenia across the association's network of ov

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12 Dec 2016 16:03

UK Shareholder Meetings Calendar - Next 7 Days

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1 Dec 2016 12:13

Akers Agrees Deal For First Check To Sell Cholesterol Test In US

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10 Nov 2016 09:46

Akers Biosciences gains European patent for ketone breath device

(ShareCast News) - Akers Biosciences, a developer of rapid health information technologies, gains a European patent for its ketone acid breath device. The European Patent Office has issued a patent covering the company's breath ketone detector, a breath device to monitor ketone levels, which follows

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19 Aug 2016 12:18

Akers Biosciences, ChubeWorkx settle lengthy legal dispute

(ShareCast News) - Akers Biosciences has reached a settlement agreement with former distributor ChubeWorkx Guernsey Ltd, allowing it to recover $1.25m in product and cash and end a lengthy legal dispute between the pair. ChubeWorkx would recover what it was owed from a promissory note by taking deli

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18 Aug 2016 07:22

Akers Says Test Results "Highly Successful" For BreathScan OxiChek

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30 Jun 2016 08:56

Akers Says Rapid Chlamydia Test Trial "Highly Successful"

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27 Jun 2016 08:16

Akers Biosciences Signs First Distribution Deal For BreathScan OxiChek

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26 May 2016 16:27

DIRECTOR DEALINGS: Akers Biosciences Chief Executive Buys First Shares

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