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IN BRIEF: NetScientific's vaccine consortium gains funding commitment

Thu, 11th Mar 2021 19:10

NetScientific PLC - life sciences and technology investment and commercialisation company - Notes that the Covid-19 vaccine commercialisation consortium jointly run by NetScientific's PDS Biotechnology Corp, Blanver Farmoquimica e Farmaceutica SA and Farmacore Biotechnology has received a USD60 million funding commitment from the Secretary for Research and Scientific Training of the Ministry of Science, Technology and Commercialisation of Brazil.

Proceeds will go towards performing a combined phase 1/2 clinical trial, upon authorisation by the Brazilian regulatory agency.

NetScientific has a 5.8% stake in PDS.

Current stock price: 59.40 pence, closed 26% higher on Thursday.

Year-to-date change: up 28%

By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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