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Pin to quick picksDestiny Pharma. Share News (DEST)

Share Price Information for Destiny Pharma. (DEST)

London Stock Exchange
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Share Price: 16.25
Bid: 16.00
Ask: 16.50
Change: -0.75 (-4.41%)
Spread: 0.50 (3.125%)
Open: 17.00
High: 17.00
Low: 16.25
Prev. Close: 17.00
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Sunday share tips: Destiny Pharma, Invinity Energy Systems

Sun, 29th Oct 2023 21:01

(Sharecast News) - The Financial Mail on Sunday's Midas column spied long-term potential in Destiny Pharma's shares.

Focusing on MRSA, other post-operative infections and those chronically ill after taking antibiotics, the company's products had the potential to generate annual sales of over £2bn.

While still in development, some were being tested in laboratories and two had already achieved "extremely promising" results, the tipster said.

Indeed, millions of patients recovering from illnesses and surgery might be helped, with lives even saved and healthcare costs reduced.

Midas also highlighted the track record of Destiny's chief executive officer, Chris Tovey, who played a central role in GW Pharma's transformation from a biotech outfit into a commercial business.

In the process, GW floated on the US Nasdaq at $8.90 a share in 2013 and was bought for $220 eight years later.

Destiny chairman Sir Nigel Rudd was also a safe pair of hands and was "well-known for making money for shareholders".

"Destiny Pharma's drugs are designed to curb the use of antibiotics, help the sick to recover faster and cut healthcare costs.

"The shares have had their ups and downs - and biotech firms are never without risk - but Rudd and Tovey's arrival on the board should inspire confidence. At 50p, Destiny is a long-term buy."

The Sunday Times's Lucy Tobin tipped shares of Invinity Energy Systems to readers, in anticipation of the roll-out yof Mistral, the company's new vanadium flow batteries.

Although they will likely cost twice as much as their lithium equivalents, they will probably last more than four times longer.

Developed together with Siemes, the could also tolerate a large spectrum of temperatures, charge and discharge quite quickly and did not ignite.

Tobin nevertheless pointed out two potential red flags, the fact that Invinity was still turning a loss and its capital position.

Invinity itself had already said as much, telling shareholders it would require more capital in 2024, having already raised £16m during the present year.

Analysts meanwhile expected the company to end 2024 with £20m of debt on its books-

However, the company was expected to turn cashflow positive in 2025.

"It's risky, but the firm's tech is already on sale and impressing blue-chip buyers. Buy."

More News
12 Oct 2020 14:42

IN BRIEF: Destiny Pharma Set To Complete Study Recruitment By 2020 End

IN BRIEF: Destiny Pharma Set To Complete Study Recruitment By 2020 End

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12 Oct 2020 14:31

Second Covid wave slows patient recruitment for Destiny Pharma

(Sharecast News) - Clinical-stage biotechnology company Destiny Pharma updated the market on its 'XF-73' phase 2b clinical study with 101 patients on Monday, out of the target of 125 now recruited.

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17 Sep 2020 19:09

IN BRIEF: Destiny Pharma Notes XF-73 Study Recruitment On Track

IN BRIEF: Destiny Pharma Notes XF-73 Study Recruitment On Track

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17 Sep 2020 15:39

UK EARNINGS SUMMARY: Novacyt Profit Leaps On Covid-19 Test Kit Demand

UK EARNINGS SUMMARY: Novacyt Profit Leaps On Covid-19 Test Kit Demand

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7 Sep 2020 14:34

IN BRIEF: Destiny Pharma To Co-Develop Covid-19 Prevention Product

IN BRIEF: Destiny Pharma To Co-Develop Covid-19 Prevention Product

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7 Sep 2020 08:57

Destiny Pharma enters collaboration deal with SporeGen

(Sharecast News) - Clinical-stage biotechnology company Destiny Pharma has entered into a collaboration agreement with SporeGen, it announced on Monday, which is a UK biotechnology company working on Bacillus and its applications.

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11 Aug 2020 12:36

UK TRADING UPDATE SUMMARY: Codemasters On Up As Finds Right Formula

UK TRADING UPDATE SUMMARY: Codemasters On Up As Finds Right Formula

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27 Jul 2020 21:28

IN BRIEF: Destiny Pharma Amends Component Of XF-73 Phase 2b Trial

IN BRIEF: Destiny Pharma Amends Component Of XF-73 Phase 2b Trial

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15 Jul 2020 11:47

UK TRADING UPDATE SUMMARY: Finsbury Food's Annual Revenue Set To Fall

UK TRADING UPDATE SUMMARY: Finsbury Food's Annual Revenue Set To Fall

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9 Jun 2020 15:51

Destiny Pharma awarded grant for Cardiff research collaboration

(Sharecast News) - Clinical-stage biotechnology company Destiny Pharma has been jointly awarded a National Biofilms Innovation Centre (NBIC) grant to fund a research collaboration with Cardiff University, it announced on Tuesday.

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9 Jun 2020 13:25

UK TRADING UPDATE SUMMARY: Venture Life Sees Order Boost For Sanitiser

UK TRADING UPDATE SUMMARY: Venture Life Sees Order Boost For Sanitiser

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3 Jun 2020 16:09

UK Shareholder Meetings Calendar - Next 7 Days

UK Shareholder Meetings Calendar - Next 7 Days

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4 May 2020 12:24

Destiny Pharma's XF-73 Drug Candidate Backed By New Research

Destiny Pharma's XF-73 Drug Candidate Backed By New Research

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3 Mar 2020 16:16

Destiny Pharma Progresses On Patient Recruitment For XF-73 Study

Destiny Pharma Progresses On Patient Recruitment For XF-73 Study

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20 Jan 2020 11:44

Destiny Pharma Completes First Phase Of Collaboration With MedPharm

Destiny Pharma Completes First Phase Of Collaboration With MedPharm

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