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Consort Medical pours more cash into Atlas Genetics

Mon, 23rd Jan 2017 15:23

(ShareCast News) - Single-source drug and delivery device company Consort Medical announced on Monday that it has participated in a further equity raise by Atlas Genetics.The London-listed firm said that, following the successful CE-marking for the chlamydia trachomatis 'io' test cartridge, Atlas Genetics has raised a series D equity issue of £28.4m to finance the continued development of the combined chlamydia and gonorrhoea assay and test cartridge, which is planned for regulatory approvals in the US and Europe around the end of 2017.It said the equity raise also provides funding to expand manufacturing capacity at Consort's subsidiary Bespak.Of the total Series D raising of £28.4m, Consort has subscribed £3.1m alongside existing shareholders, and a new Chinese investor, Wondfo Biotech.Consort's equity share in Atlas Genetics following the raise will be 15.2%, or 13.4% on a fully diluted basis.Following the Series D funding, Consort will have invested £9.4m in Atlas."We are delighted to participate in this further fund raise for Atlas Genetics," said Consort chief executive Jonathan Glenn."We are excited about the potential for this rapid testing technology and remain committed as Atlas Genetics' development and manufacturing partner through our Bespak subsidiary."
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3 Jan 2017 08:10

Consort Medical splutters as BAT stubs out Voke programme

(ShareCast News) - British American Tobacco has terminated an agreement with Consort Medical over the manufacture of nicotine inhalers for its Voke development programme. Consort, which said it was in "constructive dialogue" with BAT's Nicovations arm and product developer Kind Consumer over the fut

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6 Dec 2016 08:18

Consort Medical posts good growth in first half

(ShareCast News) - Single source drug and delivery device company Consort Medical announced its interim results for the six months to 31 October on Tuesday. The London-listed firm said group revenue increased to £144.9m from £135.5m, representing underlying growth of 2.0% and reported growth of 6.9%

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25 Nov 2016 09:07

Consort Medical appoints new CFO

(ShareCast News) - Consort Medical, a global provider of manufacturing solutions for drugs, announced that it has appointed Paul Hayes as group Finance Director of the Vitec Group. Hayes is taking over the position of chief financial officer from Richard Cotton as well joining the board as executive

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27 Oct 2016 07:45

Consort Medical Welcomes Cimzia Autoclicks Launch On NHS

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14 Oct 2016 12:23

Consort Medical's Bespak inks new agreement

(ShareCast News) - Consort medical, a global single source drug and Delivery device company (CDMO), has announced that its Bespak division has entered into an agreement with a biopharmaceutical company. Bespak manufactures drug delivery devices for pharmaceutical partner companies including respirat

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19 Sep 2016 09:07

Consort Notes European Nod For Bespak Technology-Using Product

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7 Sep 2016 08:43

Consort Medical signs agreement with AstraZeneca

(ShareCast News) - Consort medical, a provider of advanced technology for drugs, has signed a new contract with pharmaceutical giant AstraZeneca for the supply of its Bespak respiratory devices. AstraZeneca and Bespak have agreed to enter into a multi-year agreement for the scale-up and supply of Be

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7 Sep 2016 07:03

Consort Medical Sees Little Brexit Impact; Signs Deal With AstraZeneca

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23 Jun 2016 15:19

Director dealings: Derwent London CEO sells just ahead of Brexit vote

(ShareCast News) - Derwent London chief executive John Burns has sold £1.5m of the FTSE 250 real estate investor's shares in the week just before the EU referendum which could seriously lift or undermine the company's shares. In Wednesday's sale, which comes two days before results for Britain's ref

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17 Jun 2016 09:29

Numis places Consort Medical 'under review'

(ShareCast News) - Consort Medical's shares were put 'under review' by Numis after the company reported its full year results. The pharmaceutical device frim on Thursday reported full year earnings before interest and tax rose 47.6% to £37m as revenues gained 49.8% to £276.9m, driven by a strong per

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16 Jun 2016 14:52

Consort Medical's annual revenues rise as a product launch is delayed

(ShareCast News) - Consort Medical, a pharmaceutical device company, revealed higher full year profits on Thursday due to organic growth and an acquisition. Revenues rose 49.8% to £276.9m from £184.8m the previous financial year. Bespak, the company's drug device manufacturing subsidiary, continued

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16 Jun 2016 07:37

Consort Medical Profit Doubles As Progress Made On DEV610 Programme

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9 Jun 2016 15:04

UK Earnings, Trading Statements Calendar - Next 7 Days

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5 Apr 2016 08:32

BROKER RATINGS SUMMARY: Liberum Upgrades Babcock To Hold From Sell

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22 Feb 2016 16:51

Consort Medical agrees partnership and invests in Precision Ocular

(ShareCast News) - Consort Medical has made a £3.3m equity investment for a 13.7% stake in retinal therapeutics specialist Precision Ocular and agreed a development and manufacturing partnership. London-based Precision Ocular has developed retinal treatments that are designed to access specific sma

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