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Small caps round-up: Afren, ValiRx, ECO Animal Health

Wed, 17th Mar 2010 15:23

Afren is wanted Wednesday after it signed an additional drilling contract for the GSF High Island Vll jack-up rig to carry out planned drilling on their assets located offshore South East Nigeria."The second rig, secured at competitive rates, gives Afren and our indigenous partners the flexibility and resources to complete the ambitious 18 well drilling programme in 2010," said chief executive Osman Shahenshah. "The signing of this contract is an important milestone for our 2010 drilling campaign, the most active period of drilling in the company's history."Biotech ValiRx has sealed a sales and distribution license agreement for its SELFCheck range of at-home diagnostic tests with Eternity Healthcare Inc.Its ValiMedix unit will receive an immediate signing fee and a royalty on all sales.ECO Animal Health is sprightly after it announced a new joint venture for the distribution of animal health products in North America.The jointly-owned business will distribute its owners' veterinary products in the North American livestock and poultry markets.Polymer electrolyte membrane (PEM) developer IdaTech saw normalised losses before interest, tax, depreciation and amortisation widen to $23.3m in 2009 from $16.3m in 2008, but said this was in line with expectations.Revenue moved up to $6.6m from $5.9m in 2008, with product sales turnover virtually doubling to $4.5m from $2.4m the year before. Revenue from project work declined to $2m from $3.4m.Cash burn was less fierce than expected at $24.9m against cash burn of $20.2m in 2008. Factoring and invoice discounting firm Ultimate Finance is proposing an interim dividend of 0.3p after profit before tax in the six months to end-December 2009 jumped to £0.19m from £0.14m in the corresponding period of 2008. Turnover improved to £2.85m from £2.23m in the latter half of 2008.The company did not pay a dividend at the interim stage last year, though it did pay a final dividend of 0.25p in respect of the financial year to 30 Junes 2009.
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8 Oct 2018 13:10

Akers Biosciences appoints chief executive after settling legal battle

(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.

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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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