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UPDATE: C4X Discovery Raises GBP7 Million In Discounted Placing

Thu, 24th Oct 2019 17:06

(Alliance News) - Drug discovery firm C4X Discovery Holdings PLC on Thursday said it raised GBP7.0 million in a share placing and subscription.

C4X placed 46.7 million new shares at 15 pence each, a 63% discount to its closing price on Wednesday. The stock closed 58% lower at 17.00p each in London on Thursday.

The cash will be used to strengthen the balance sheet, C4X said, and support the expansion of its pipeline.

"C4X's combination of state-of-the-art proprietary technologies, highly experienced scientific team, and industry experience puts the company in a strong position to fulfil the pharmaceutical industry's demand for high quality early-stage drug candidates," said Chief Executive Clive Dix.

"As momentum continues to build across our key out-licensing projects, we remain confident in our business strategy as partner discussions to date have confirmed commercial interest for our NRF-2 programme for sickle cell disease, alongside our already out-licensed Orexin-1 programme progressing to clinical studies with Indivior," he continued.

"We are excited by our future prospects as we continue to drive value from revenue generating deals and building a sustainable drug discovery company."

By George Collard; georgecollard@alliancenews.com updated by Eric Cunha; ericcunha@alliancenews.com

Copyright 2019 Alliance News Limited. All Rights Reserved.

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29 Nov 2018 12:50

C4X Discovery Partners With Artificial Intelligence Firm GTN

LONDON (Alliance News) - C4X Discovery Holdings PLC said Thursday that it has entered into a drug discovery partnership with GTN Ltd, a company using artificial intelligence to discover new the to

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29 Nov 2018 12:21

C4X enters drug discovery AI deal with GTN

(Sharecast News) - Drug discovery company C4X Discovery Holdings has entered into a partnership with GTN, a new player in the field of drug discovery artificial intelligence, initially focussing on identifying potential small molecule hits against a high-value neurodegeneration target, it announced on Thursday.

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27 Nov 2018 13:21

C4X Discovery Inks Deal With LifeArc To Develop Small Drug Candidates

LONDON (Alliance News) - C4X Discovery Holdings PLC said Tuesday it has entered into a discovery partnership with LifeArc, a UK medical research charity, to develop small molecule drug candidates

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21 Nov 2018 12:41

C4X Discovery Annual Loss Narrows On Next Generation Programmes

LONDON (Alliance News) - C4X Discovery Holdings PLC on Wednesday said its loss narrowed in its recently ended financial year, as revenue multiplied.The drug discovery company said its loss

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5 Oct 2018 11:01

C4X Discovery Raises GBP10.1 Million From Placing And Open Offer (ALLISS)

LONDON (Alliance News) - C4X Discovery Holdings PLC said Thursday it has received valid acceptances for 99,563 open offer shares from qualifying shareholders.This represents about 9.0% of a

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18 Sep 2018 18:23

UPDATE: C4X Discovery Raises GBP11 Million Via Placing And Open Offer (ALLISS)

LONDON (Alliance News) - C4X Discovery Holdings PLC late Tuesday said it raised GBP10.0 million through placing and a further GBP1.0 million via an open offer.The drug discovery company it

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18 Sep 2018 15:18

C4X Discovery To Raise GBP11 Million Through Placing And Open Offer (ALLISS)

LONDON (Alliance News) - C4X Discovery Holdings PLC on Tuesday said it intends to raise GBP10.0 million through placing and a further GBP1.0 million via an open offer.The drug discovery its

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24 Jul 2018 10:02

C4X Discovery Awarded USD480,000 Grant For Cocaine Addiction Treatment

LONDON (Alliance News) - Drug discovery company C4X Discovery Holdings PLC said on Tuesday it has been awarded a USD480,000 grant from the National Institute on Drug Abuse for the company's US

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4 Jul 2018 11:02

C4X Discovery Appoints Eva-Lotta Allan As Chairman

LONDON (Alliance News) - C4X Discovery Holdings PLC said Wednesday it appointed Eva-Lotta Allan as its new chair and Natalie Walter as non-executive director with immediate effect.Allan is

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1 May 2018 11:41

e-Therapeutics Pens Research Collaboration With C4X Discovery

LONDON (Alliance News) - e-Therapeutics PLC and C4X Discovery Holdings PLC on Tuesday announced a research collaboration to look into insights into Parkinson's disease.The partnership,

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29 Mar 2018 10:28

WINNERS & LOSERS SUMMARY: C4X Shares Double On Indivior Licensing Deal

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Thursday.----------FTSE 100 - WINNERS----------Wm Morrison

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6 Jan 2017 08:13

C4X Discovery Holdings focuses on early licensing deals to drive revenue

(ShareCast News) - Drug discovery company C4X Discovery Holdings is focusing on early licensing deals to drive revenue as it bids to become the world's most productive drug discovery engine. The AIM-listed company said it shifted focus on generating a high value pre-clinical asset portfolio that wil

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30 Dec 2016 12:01

UK Earnings, Trading Statements Calendar - Next 7 Days

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22 Nov 2016 10:52

C4X Discovery Makes Interim CFO Permanent, Appoints Two To Board

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6 Sep 2016 08:23

C4X Discovery Attracts New Investors In GBP5 Million Placing (ALLISS)

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