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Pin to quick picksFusion Antibody Share News (FAB)

Share Price Information for Fusion Antibody (FAB)

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Share Price: 3.55
Bid: 3.50
Ask: 3.60
Change: -0.10 (-2.74%)
Spread: 0.10 (2.857%)
Open: 3.65
High: 3.65
Low: 3.55
Prev. Close: 3.65
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IN BRIEF: Fusion Antibodies Expects Revenue Surge Amid Pandemic

Mon, 06th Jul 2020 16:02

Fusion Antibodies PLC - pharmaceutical company based in Belfast - Says revenue of GBP975,000 realised for the quarter to June 2020 takes its expected income for its financial year ended March 31 to around GBP3.9 million, representing a 79% year-on-year increase. States it has commenced its proof-of-concept work on its Mammalian Antibody Library Discovery platform and hit its first milestone in the Covid-19 associated project. Additionally, it has signed up A-Frontier Co Ltd and BioTickle Pty Ltd as exclusive distributors in South Korea and India respectively.

"We're pleased to have been able to continue to service our clients during the ongoing pandemic and our distributor agreements will broaden our reach in two key markets. In addition, following the successful equity fundraise in April, we have made excellent progress on the launch of the proof-of-concept for the Mammalian Library and have generated a panel of SARS-CoV-2 S antigens," said Chief Executive Paul Kerr.

Current stock price: 89.00 pence

Year-to-date change: up 13%

By Ife Taiwo; ifetaiwo@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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(Sharecast News) - Preclinical antibody developer Fusion Antibodies announced the immediate appointment of Stephen Smyth as its interim chief financial officer on Thursday.

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24 Aug 2023 12:10

IN BRIEF: Fusion Antibodies appoints part-time CFO on cash struggles

Fusion Antibodies PLC - Belfast-based contract research organisation providing discovery, design and optimisation services for therapeutic antibodies to the healthcare market - Appoints Stephen Smyth as interim chief financial officer with immediate effect. Smyth was previously CFO at Sera Global LP, and has held senior finance positions at Cormark Securities Inc and PricewaterhouseCoopers LLP. He is currently a partner at FPM Accountants Ltd.

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Fusion Antibodies progresses AI antibody collaboration

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(Alliance News) - Fusion Antibodies PLC on Monday said it signed an agreement with an unnamed artificial intelligence & machine learning company, which it said could cut costs per sequence test significantly.

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14 Aug 2023 08:41

Fusion Antibodies completes "difficult" restructuring

(Alliance News) - Fusion Antibodies PLC on Monday said it has completed its restructuring plans, in hopes of reducing annualised costs by about GBP2.2 million.

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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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19 May 2023 11:43

IN BRIEF: Fusion Antibodies shares drop after placing at 84% discount

Fusion Antibodies PLC - Belfast-based contract research organisation providing discovery, design and optimisation services for therapeutic antibodies to the healthcare market - Raises GBP1.6 million through a placing and director subscription of 31.2 million shares at 5 pence per share, which is an 84% discount to the stock's close on Thursday of 32.06p. The placing is run by broker Allenby Capital Ltd. Fusion also launches a separate retail offer via the REX platform of up to 10.0 million shares at the same price, to raise up to an additional GBP500,000.

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(Alliance News) - Fusion Antibodies PLC on Tuesday said it has filed a patent application for a panel of antibodies that bind to an important target for cancer therapeutics.

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(Sharecast News) - Contract research organisation Fusion Antibodies issued a revenue warning on Monday, after a "challenging" first six months of trading as a number of valuable projects were suspended by clients due to delayed investment.

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(Alliance News) - Fusion Antibodies PLC on Monday said it expects annual revenue to be significantly below expectations as a result of continued uncertainty in the timings of orders.

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