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Concepta losses widen ahead of myLotus' UK roll-out

Thu, 27th Sep 2018 11:00

(Sharecast News) - Concepta saw losses widen in the first half of its trading year as it ramped up for the launch of its myLotus fertility product across the UK within the next few months.For the six months ended 30 June, Concepta turned in a 38% deeper loss of £1.49m, as a result of costs associated with getting myLotus ready for its UK launch.Once Concepta has completed its UK roll-out, the firm is aiming for a European launch for myLotus, an easy-to-use home test that measures hormone levels in urine to give quantitative and qualitative measurements to help reveal an explanation for a woman's lack of fertility.While the Chinese market was Concepta's first choice for the product, progress had been "disappointing", leading new executive chairman Matthew Walls to pivot towards the UK and Europe."Whilst the positive study results from the Changhai hospital, Shanghai have helped bolster our confidence in the China product, given our limited bandwidth and revenue growth objectives our efforts will be aligned to support the successful launch of myLotus in the UK," said Walls.Concepta ended the half with roughly £250,000 cash on hand - almost £1m less than it had access to a year ago - but noted that a £2m placing in August had helped the group bolster its standing somewhat.Elsewhere, Concepta revealed it had appointed Dr David Darrock to the board as its new chief operating officer.As of 1200 BST, Concepta shares had crashed 23.08% to 3.50p.
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8 Mar 2018 11:46

Concepta Receives Approval To Conduct MyLotus Trial In The UK

LONDON (Alliance News) - UK healthcare company Concepta PLC said Thursday it received approval from the NHS Research Ethics Committee to start a user for

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9 Jan 2017 15:30

Concepta achieves ISO accreditation ahead of myLotus launch

(ShareCast News) - Personalised mobile health development company Concepta announced on Monday that it has achieved ISO13485 accreditation, which it says is a key step in attaining its CE marking for its 'myLotus' product for unexplained infertility, ahead of a commercial launch in the UK and Europe

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10 Nov 2016 10:29

Mercia Bets Technology Holdings Will Benefit From Political Priorities

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8 Nov 2016 09:43

Concepta signs 10 year lease on Doncaster facility

(ShareCast News) - Concepta has signed a 10 year lease on a new manufacturing facility in Doncaster, as the AIM-listed healthcare company prepares to launch a new infertility product in China. The 6,000 square feet site in Yorkshire will add capacity and economies of scale as it launches the MyLotus

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26 Sep 2016 06:55

Concepta Signs Chinese Manufacturing Deal For My Lotus Product

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21 Sep 2016 14:22

Concepta opens new laboratory at Colworth Park

(ShareCast News) - Personalised mobile health company Concepta announced on Wednesday that it has moved its UK laboratory operations to a new site at Colworth Park in Bedfordshire, doubling the size of its operational headquarters. The AIM-traded firm said the new laboratory opening is in line with

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28 Aug 2016 12:58

Sunday share tips: Gym Group, Concepta

(ShareCast News) - Buy shares in Gym Group, said the Sunday Times' Inside the City column, as they are cheap and the company is in healthy shape. At just over 200p, stock is available for only slightly more than its initial public offer (IPO) price nine months ago, having flexed as high as 274p in t

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27 Oct 2010 12:29

FTSE 250 movers: Soco walloped by Congo failure

Soco International slumped to its lowest in almost six years after another exploration failure in the Democratic Republic of Congo. The firm will now plug and abandon a second well, Kinganga Nyanya 1, in the Nganzi Block. Last month, it plugged and abandoned its first wildcat exploration well at Ng

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27 Jul 2010 08:19

Carpathian: Two Possible Asset Sales Being Explored

LONDON (Dow Jones)--Carpathian PLC (CPT.LN) an investor and developer of retail property in Central and Eastern Europe, said Tuesday that two potential sale transactions are currently being explored for its Blue Knight Portfolio in Poland and its Promenada asset in Warsaw. MAIN FACTS: -Carpa

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28 Sep 2009 09:58

Small caps round-up: Carpathian, Clarity Commerce, Coal of Africa...

Eastern Europe focused retail property investor Carpathian saw profits slide in the six months to 30 June as rental income slumped. The firm, which invests in shopping centres, supermarkets and warehouses in Croatia, the Czech Republic, Hungary, Poland, Romania, Lithuania and Latvia, posted adjuste

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6 Jul 2009 10:11

Small caps round-up: Timestrip, Amerisur Resources, Alizyme...

Time and temperature measurement technology group Timestrip has appointed Vygon as the main distributor for TimestripIV products in the UK and Ireland. Vygon is a leading supplier of single-use medical and surgical products, including intravenous access devices, to the NHS. "We are delighted to be

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2 Jul 2009 15:33

Small caps round-up: Kalahari Minerals, Carpathian, Hardide...

Kalahari Mining said an independent assessment of its Rossing South Zone 1 uranium project has seen a resource and grade increase. "The 34% increase in resource for Zone 1 to 145 million lbs of U3O8 is fantastic news and in line with our estimates," said Kalahari's chairman Mark Hohnen. Carpathia

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1 Jul 2009 11:57

Small caps round-up: InterCytex, K3 Business Tech, Research Now...

Shares in InterCytex plunged after the regenerative medicine firm said ongoing discussions relating to offers to acquire certain parts of the business are not expected to result in an offer for the whole business. Logistics software firm K3 Business Technology said it has traded in line with expec

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