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TRADING UPDATES: Pembridge Resources gets payment; Genflow gets award

Fri, 14th Oct 2022 20:22

(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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NetScientific PLC - London-based life sciences and sustainability technology investment firm - Notes its portfolio company, PDS Biotechnology Corp, expanded its interim data in phase 2 clinical trial that investigates the PDS0101-based triple combination therapy in advanced human papillomavirus-positive cancers. "The expanded interim data investigating the PDS0101-based triple combination therapy in advanced HPV-positive cancers continue to appear to show clinical signs of efficacy, durability and safety in an extremely challenging patient population with very few available treatment options," PDS Biotechnology Chief Executive Officer Frank Bedu-Addo comments.

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Genflow Biosciences PLC - A london-based biotechnology company - Says its research and development programme in Estonian, which operates in collaboration with IVEX lab OU, received a non-dilutive grant award of EUR250,000 from the Applied Research Programme of Enterprise Estonia. "The grant will enhance Genflow's future therapeutic developments and boost the Company's pre-clinical drug discovery and research initiatives, aimed at assisting people to live longer, healthier lives," CEO & Founder Eric Leire comments.

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AfriTin Mining Ltd - technology metals mining company focused on Namibia - Finds "significant pegmatite intersections" in its Uis mine in Namibia. Finds up to 5.154% of tin and 0.94% lithium oxide. "The infill drill programme continues to deliver results that we believe confirm the scale and quality of the deposit. We look forward to upgrading our mineral resource estimate and bringing on tantalum and lithium by-product revenue streams alongside our existing tin production," CEO Anthony Viljoen comments.

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Pembridge Resources PLC - London-based copper-focused mining company - Gets part of the third instalment of repayments from Minto Metals Corp. Agrees to a revised schedule for the remaining payments due. Pembridge lent CAD4 million in total to Minto to fund Minto's surety account, in 2019 and 2020. The loan has an interest rate of 8%, and is due in quarterly instalments of CAD1 million over 2022.

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By Abby Amoakuh; abbyamoakuh@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
10 Dec 2020 15:35

NetScientific's ProAxsis gets grant for Covid-19 project

(Sharecast News) - Technology commercialisation company NetScientific announced on Thursday that its portfolio company ProAxsis has been awarded a high impact Innovate UK grant, as part of the recent 'UKRI Ideas to Address Covid-19' competition.

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30 Nov 2020 18:18

IN BRIEF: NetScientific Subsidiary Leads Financing Round In SageTech

IN BRIEF: NetScientific Subsidiary Leads Financing Round In SageTech

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19 Nov 2020 20:21

IN BRIEF: NetScientific's ProAxsis Partners Up With DiaPharma

IN BRIEF: NetScientific's ProAxsis Partners Up With DiaPharma

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19 Nov 2020 16:28

NetScientific's ProAxsis appoints North American distributor

(Sharecast News) - Life sciences, technology investment and commercialisation company NetScientific announced on Thursday that its portfolio company ProAxsis has appointed DiaPharma Group as the exclusive distributor of its portfolio of respiratory research assays for the key North America region.

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11 Nov 2020 20:17

UK TRADING UPDATE SUMMARY: Mereo To Delist From AIM Amid Nasdaq Focus

UK TRADING UPDATE SUMMARY: Mereo To Delist From AIM Amid Nasdaq Focus

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10 Nov 2020 17:40

UK TRADING UPDATE SUMMARY: Newly-Listed Wheaton Reports Bumper Quarter

UK TRADING UPDATE SUMMARY: Newly-Listed Wheaton Reports Bumper Quarter

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16 Oct 2020 14:06

IN BRIEF: NetScientific Acquires Remaining Stake In Investee ProAxsis

IN BRIEF: NetScientific Acquires Remaining Stake In Investee ProAxsis

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16 Oct 2020 09:54

NetScientific acquires rest of ProAxsis for £0.23m

(Sharecast News) - Life sciences and technology commercialisation and investment company NetScientific has agreed to acquire the outstanding minority interest of 43.6% of its portfolio company ProAxsis, it announced on Friday, from QUBIS and the founders.

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24 Sep 2020 13:52

IN BRIEF: NetScientific Pretax Loss Almost Halved; Positive On Future

IN BRIEF: NetScientific Pretax Loss Almost Halved; Positive On Future

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14 Aug 2020 11:05

NetScientific's PDS Completes USD19 Million Fundraise

NetScientific's PDS Completes USD19 Million Fundraise

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12 Aug 2020 14:33

IN BRIEF: NetScientific Target EMV Capital Leads Sofant Funding Round

IN BRIEF: NetScientific Target EMV Capital Leads Sofant Funding Round

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12 Aug 2020 12:00

UK TRADING UPDATE SUMMARY: Angus Energy Lands Offtake Pact With Shell

UK TRADING UPDATE SUMMARY: Angus Energy Lands Offtake Pact With Shell

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11 Aug 2020 14:13

IN BRIEF: NetScientific To Invest GBP500,000 In PDS Stock Offering

IN BRIEF: NetScientific To Invest GBP500,000 In PDS Stock Offering

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5 Aug 2020 20:08

IN BRIEF: NetScientific Agrees EMV Capital Buy; Raises GBP2.3 Million

IN BRIEF: NetScientific Agrees EMV Capital Buy; Raises GBP2.3 Million

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5 Aug 2020 09:22

NetScientific agrees to acquire EMV Capital and raise £2.3m

(Sharecast News) - Healthcare intellectual property commercialisation company NetScientific has conditionally agreed to acquire EMV Capital, an investment services company with interests in the industrial high-technology, energy, circular economy, smart city, transportation and healthcare sectors, it announced on Wednesday.

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