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IN BRIEF: Midatech Pharma Loss Widens In First Half On Lower Revenue

Thu, 10th Sep 2020 14:57

Midatech Pharma PLC - drug delivery technology company - Reports Pretax loss of GBP17.9 million for the six months to the end of June compared to GBP5.3 million loss a year earlier, as revenue dropped to GBP8,000 from GBP230,000. Research and development costs were higher in the half-year, at GBP4.0 million from GBP3.5 million a year earlier, with administrative costs rising to GBP2.9 million from GBP2.0 million. In addition, the company reported impairment of intangible assets of GBP11.6 million, related to the termination of further in-house development of MTD201, versus no such cost recorded a year before.

Current stock price: 30.70 pence

Year-to-date change: down 49%

By Evelina Grecenko; evelinagrecenko@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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24 Mar 2023 18:17

IN BRIEF: Midatech Pharma delisting and name change approved

Midatech Pharma PLC - Cardiff-based R&D biotechnology company focused on improving the bio-delivery and bio-distribution of medicines - Says resolutions put forward at general meeting, including name change, share consolidation and cancellation of AIM listing, approved. Under the consolidation, every 20 shares will be consolidated into one new ordinary share. Adds that ratio of American depositary shares will change to one ADS per five shares, from one ADS per 25 shares previously. Name change to Biodexa Pharmaceuticals PLC, effective on Monday, also approved. Listing of shares on AIM is expected to be cancelled a month from now. Its sole listing will be on Nasdaq.

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17 Mar 2023 15:42

UK shareholder meetings calendar - next 7 days

Monday 20 March 
Aukett Swanke Group PLCGM re proposed acquisition of Torpedo Factory Group Ltd
Pantheon Resources PLCAGM
Voyager Life PLCGM re subscription and fundraise
Tuesday 21 March 
BlackRock Sustainable American Income Trust PLCAGM
Gresham House Renewable Energy VCT 2 PLCAGM
React Group PLCAGM
Starvest PLCAGM
Sureserve Group PLCAGM
Wynnstay Group PLCAGM
Zamaz PLCGM re terms and conditions modification
Wednesday 22 March 
abrdn Private Equity Opportunities Trust PLCAGM
Asia Strategic Holdings LtdAGM
Circle Property PLCEGM re final disposal and cancellation
Genel Energy PLCAGM
Harmony Energy Income Trust PLCAGM
Titon Holdings PLCAGM
Thursday 23 March 
Crest Nicholson Holdings PLCAGM
Driver Group PLCAGM
Goldplat PLCAGM
Hardide PLCAGM
Idox PLCAGM
Zaim Credit Systems PLCGM re director removal and name change
Friday 24 March 
Faron Pharmaceuticals LtdAGM
In The Style Group PLCGM re sale of only subsidiary; becoming cash shell named Itsum PLC
Kitwave Group PLCAGM
Midatech Pharma PLCGM re cancellation of the admission to trading on AIM and name change
SME Credit Realisation Fund LtdEGM re cancellation of the company's listing
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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15 Feb 2023 10:35

Midatech Pharma shares up as closed USD6.0 million private placement

(Alliance News) - Midatech Pharma PLC on Wednesday said it has raised USD6.0 million through a private placement of 10.3 million shares at USD0.58 each.

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9 Feb 2023 20:25

IN BRIEF: Midatech Pharma raises USD6.0 million for clinical asset

Midatech Pharma PLC - Cardiff-based R&D biotechnology company focused on improving the bio-delivery and bio-distribution of medicines - Raises gross proceeds of around USD6.0 million through the issue of 10.3 million units at an issue price of USD0.58 per unit. One unit either includes one American depository share, one A warrant and one and one-half B warrant, or one pre-funded warrant, one A warrant and one and one-half B warrant. Says that the net proceeds will enable the company to focus on developing MTX110, its clinical asset, and provide it with sufficient working capital until December 2023.

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3 Feb 2023 11:42

Midatech's Nasdaq price falls below minimum of USD1.00 per share

(Alliance News) - Midatech Pharma PLC on Friday said it received notice that its share price has fallen short of the minimum needed according to Nasdaq Stock Market LLC rules.

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16 Jan 2023 15:39

UK shareholder meetings calendar - next 7 days

Tuesday 17 January 
Beowulf Mining PLCGM re capital raise
Egdon Resources PLCAGM
Finsbury Growth & Income Trust PLCAGM
Ironveld PLCAGM
Orcadian Energy PLCAGM
Troy Income & Growth Trust PLCAGM
Wednesday 18 January 
Diploma PLCAGM
GCM Resources PLCAGM
John Lewis of Hungerford PLCAGM
Tlou Energy LtdGM re share placing
Topps Tiles PLCAGM
Tracsis PLCAGM
WH Smith PLCAGM
Thursday 19 January 
Cardiff Property PLCAGM 
Equipmake Holdings PLCAGM
J Smart & Co (Contractors) PLCAGM
Pioneer Media Holdings IncAGM
Scotgold Resources LtdAGM
Friday 20 January 
Appreciate Group PLCGM re acquisition by PayPal Holdings Inc and Court Meeting 
Character Group PLCAGM
Monday 23 January 
Midatech Pharma PLCGM re proposed acquisition of Bioasis Technologies Inc
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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12 Jan 2023 21:56

TRADING UPDATES: Alliance Pharma hires COO; Empire advances field work

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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19 Dec 2022 18:20

TRADING UPDATES: Gulf Keystone chair to retire; JZ Capital cashes in

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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19 Dec 2022 11:16

AIM WINNERS & LOSERS: Midatech shares soar on Bioasis acquisition

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.

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14 Nov 2022 15:03

Midatech Pharma recruits first patient study of MTX110 in glioblastoma

(Alliance News) - Midatech Pharma Plc announced on Monday it enrolled the first patient into its Phase 1 study of MTX110 for the treatment of recurrent glioblastoma at the Preston Robert Tisch Brain Tumor Center at Duke University in the US.

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14 Nov 2022 10:27

AIM WINNERS & LOSERS: Hutchmed up on positive results for cancer drug

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.

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18 Oct 2022 17:07

TRADING UPDATES: Chaarat enters takeover discussions with Shanta Gold

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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14 Sep 2022 15:02

TRADING UPDATES: Epwin lifts interim payout; Anpario profit falls

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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21 Jun 2022 11:45

AIM WINNERS & LOSERS: K3 Capital upbeat; Morses sinks after warning

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

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21 Jun 2022 10:51

IN BRIEF: Midatech Pharma gets Orphan Medicinal Product designation

Midatech Pharma PLC - Cardiff-based biotechnology company focused on improving the bio-delivery and biodistribution of medicines - Receives Orphan Medicinal Product designation from the European Medicines Agency for the development programme for MTX110. Explains that the designation offers protocol development assistance, a reduction in fees and market exclusivity upon the successful approval of the drug.

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