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Share Price Information for Immupharma (IMM)

London Stock Exchange
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Share Price: 2.15
Bid: 2.10
Ask: 2.19
Change: 0.035 (1.66%)
Spread: 0.09 (4.286%)
Open: 2.06
High: 2.15
Low: 2.06
Prev. Close: 2.11
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Immupharma raises ?2.66m from subscription agreement with institutional investor

Wed, 26th Jun 2019 11:15

(Sharecast News) - Drug discovery and development specialist Immupharma raised roughly £2.66m via a subscription agreement with institutional investor Lanstead Capital on Wednesday.Immupharma revealed Lanstead will subscribe for 26.56m new ordinary shares at an issue price of 10p each, representing approximately 19% of the company's existing issued share capital, at a 26.5% discount to the closing mid-market price of the group's shares on Tuesday.The AIM-listed firm told shareholders that the subscription, which was the maximum possible amount under Lanstead's existing authorisation, marked a further supportive investment in the company by Lanstead, following the £4.43m it poured into the group back in February 2016.Immupharma also inked a sharing agreement with Lanstead, which entitled the company to recoup the proceeds on a pro rata monthly basis over a period of 24 months, allowing the company to benefit from positive future share price performance, and agreed to issue another 1.32m ordinary shares to Lanstead in connection with it.The group intends to use the funds to cover the execution of its corporate strategy.Chairman Tim McCarthy said: "Lanstead has been very supportive of the company since their first investment in 2016 and this latest subscription demonstrates their continued support and the alignment of both the company and Lanstead's belief of the potential of substantial value enhancement for shareholders in the future execution of the company's recently stated corporate strategy."As of 1115 BST, Immupharma shares sank 16.76% to 11.32p.
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Immupharma raises £3.4m as it gears up for Lupuzor Phase III trial

Shares in drug developer Immupharma were higher after confirmation it had raised £3.4m at a premium price to help fund Phase III trials of its lead product candidate Lupuzor, a potential treatment for lupus. The new shares were issued, principally from long-time investor Aviva, at a price of 53p per

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20 Oct 2014 06:59

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30 Sep 2014 09:27

ImmuPharma Poised For Phase III Trials Of Lupuzor As Loss As Expected

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16 Jun 2014 10:52

ImmuPharma Granted New US Patent For Nucant Cancer Treatments

LONDON (Alliance News) - ImmuPharma PLC said Monday that it had been granted a US patent for a new "optically pure" version of its Nucant family of cancer treatments, providing it with longer exclusivity over the product, and expanding their potential uses to related conditions such as age-relate

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16 Jun 2014 08:14

Immupharma gains new patents for Nucant treatments

Drug developer Immupharma has improved the patent protection of its Nucant cancer treatments. Immupharma said the US Patent and Trademark Office has granted a notice of allowance for an "optically pure" version of its Nucant family. A similar grant has been obtained from the European Union, Japane

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21 May 2014 13:14

ImmuPharma's patient approach disappoints

Losses from AIM-listed biotech ImmuPharma were less than expected, with the company working hard to commercialise its Lupuzor lupus treatment via phase III clinical trials and new potential partners. Lupuzor has received approval from the US Food and Drug Administration (FDA) to start late-stage t

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21 May 2014 11:45

ImmuPharma Losses Widen As It Accelerates Research And Development

LONDON (Alliance News) - Specialist drug discovery and development company ImmuPharma PLC Wednesday said it losses widened in 2013, as its invests in developing its lupus and cancer treatments. The company posted pretax profit loss of GBP4.4 million for 2013, compared with a GBP4.2 million

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27 Sep 2013 12:23

ImmuPharma Narrows Losses, Developing Lupus Treatment

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27 Sep 2013 10:30

ImmuPharma reports half-year loss

ImmuPharma's shares fell in Friday morning trading as the company reported a half-year loss in line with last year. Losses for the first six months of the year remained unchanged at £1.8m and loss per share held steady at 2.17p. The drug discovery and development company said during the period it

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13 Aug 2013 09:17

Immupharma progresses with cancer treatment trials

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28 Jan 2013 16:06

ImmuPharma non-exec reduces stake

Dr Ajay Agrawal, Non-Executive Director of ImmuPharma, sold a stack of shares in the AIM-listed drug company, it was announced Monday. Agrawal traded in 62,169 shares at 57p a time on January 24th, pocketing £35,436 before tax. The deal was announced the same day the group said its key scientific

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