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Pin to quick picksPureTech Share News (PRTC)

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Share Price: 220.00
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TRADING UPDATES: Permanent TSB sells loan portfolio; Dekel output up

Wed, 10th Nov 2021 18:22

(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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Permanent TSB Group Holdings PLC - Dublin-based personal and small business bank - Sells loan portfolio to Morgan Stanley Principal Funding Inc. Portfolio had gross balance sheet value of EUR390 million. Notes 98% of loans categorised as non-performing. "The remaining 2% comprise loan products which originated pre 2009 and which are no longer available to new customers. Typically these are interest only or part capital & interest loans where the borrower and the bank have failed to agree a plan which will ensure the repayment of the outstanding balance (often the original amount which was borrowed) at the end of the agreed loan term," company adds.

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Dekel Agri-Vision PLC - West Africa-focused agriculture company - Crude palm oil output rises 28% year-on-year in October to 2,331 tonnes. Sales improve 25% to 2,301 tonnes. Price per CPO tonne up 51% EUR960 from EUR636 a year earlier. "A year of strong production and even stronger prices continues to set Dekel up for a record year of financial performance in our palm oil operation in 2021. Given current prices remain materially higher than we achieved in this year's high season earlier in the year we remain optimistic of a further uplift in the financial performance of the palm oil operation in 2022," says Executive Director Lincoln Moore.

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Power Metal Resources PLC - exploration company seeking metal discoveries in the US, Australia and Africa - Expands uranium exploration portfolio at Athabasca basin in Canada. Land holdings increase by 144.84 square kilometres to a total of 411.96 square kilometres. "The additional areas staked by the company are prospective for uranium and base-metals," Chief Executive Officer Paul Johnson says.

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Pembridge Resources PLC - London-based investor in Minto Explorations Ltd - Says TSX Venture Exchange conditionally accepts reverse takeover of 1246778 BC Ltd by Minto Explorations. "This conditional acceptance by TSXV clears an important hurdle in Minto's path to being a listed company and we appreciate the work that has been done by Minto and its advisors on the RTO and listing process," Pembridge Chair & Chief Executive Gati Al-Jebouri says.

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Kefi Gold & Copper PLC - gold explorer in Ethiopia and Saudi Arabia - Says final assay results received for phase 4 drilling campaign at Hawiah copper and gold project in Saudi Arabia. An updated mineral resource estimate is expected in December. "The updated MRE is expected to include the additional resources previously defined in the phase 3 drilling programme, as well as material in the indicated category where in-fill drilling has taken place," Kefi says. Phase 4 assays signal "overall increase in the resource grades for copper, zinc, gold, and silver", company adds.

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PureTech Health PLC - Massachusetts, US-based biotechnology company - Sells 750,000 shares in founded entity Karuna Therapeutics, pocketing USD100 million. "PureTech intends to use the proceeds from the Transaction to further the advancement and growth of the company and will update its cash runway guidance in due course," PureTech says. Now has 5.6% Karuna stake.

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Image Scan Holdings PLC - Leicestershire, England-based X-ray imaging systems provider - Awarded contract to supply a portable X-ray scanning system to a US federal agency. "The contract is the first part of a framework order that could lead to the purchase of a further twelve systems," Image Scan says. In addition, company named global distributor for Serstech AB, a technology company working in the field of chemical analysis in Sweden. Company says: "Under the agreement, Image Scan will market Serstech's range of highly portable chemical analysers to bomb squads, hazardous material investigation teams and customs organisations through its global distribution network. In different scenarios, the technology is used to identify explosives, explosive precursors, chemical spills, and illegal drugs."

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Enteq Technologies PLC - Buckinghamshire-based oil and gas services provider - Signs two exclusive distribution agreements with third-party technology providers. These "enhance and complement Enteq's product range". One deal has been struck with Texas-based Erdos Miller Inc. It will be "exclusive distributor outside North America for two of their major product lines". In addition, strikes deal with Alberta, Canada-based Mezintel Inc "for their gamma logging and depth tracking software solutions".

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Evgen Pharma PLC - Liverpool-based sulforaphane based medical drug developer - Notes data on preclinical models of glioblastoma published at universities of Aquila, Rome and Rieti in Italy. Glioblastoma, or GBM, is an aggressive type of cancer. Data finds anti-tumour activity by Evgen's SFX-01 asset. "The in vitro data, in GBM cells and patient-derived glioma-initiating cells, show anti-tumour activity of the company's lead asset SFX-01. The work goes on to show in vivo anti-tumour activity in both sub-cutaneous and orthotopic xenograft (tumour cell lines are implanted in the brain) models of GBM," Evgen says.

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Insig AI PLC - London-based machine learning and data science firm serving asset management industry, formerly known as Catena - Delivers environmental, social and corporate governance scoring platform to alternative investment manager CarVal Investors LP. Notes CarVal's ESG risk assessment model includes carbon emissions, health and safety labour management, board composition and raw material sourcing.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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11 Jul 2022 19:15

TRADING UPDATES: BlueRock hit by extreme weather; Harbour drills well

(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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30 Jun 2022 21:50

IN BRIEF: PureTech Health begins pulmonary fibrosis study

PureTech Health PLC - Boston, Massachusetts-based clinical-stage biotherapeutics firm - Begins late-stage clinical study of its wholly-owned candidate LYT-100, or deupirfenidone, in idiopathic pulmonary fibrosis. Will evaluate efficacy of two doses, as well as relative tolerability and efficacy with pirfenidone. IPF is a chronic condition causing progressive scarring of the lungs, which currently has a poor prognosis. Also advances LYT-200 programme through clinical development, and plans to begin leukemia study by the end of 2022.

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28 Jun 2022 14:45

IN BRIEF: PureTech Health's founded firm Vedanta launches new facility

PureTech Health PLC - Boston, Massachusetts-based clinical-stage biotherapeutics firm - Announces that its founded firm Entity Vedanta Biosciences Inc launches a new manufacturing facility. The facility will "provide clinical and commercial supply of oral therapies" for people infected with a diarrhoea-causing bacteria, firm says.

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21 Jun 2022 14:24

IN BRIEF: PureTech Health's Gelesis wins USD15 million Plenity order

PureTech Health PLC - Boston, Massachusetts-based clinical-stage biotherapeutics - Investee Gelesis Holdings Inc receives another USD15 million pre-order for its weight management aid product Plenity from its distribution partner, New-York based telehealth firm Ro. It brings the total orders from Ro to USD55 million, out of which USD45 million was ordered in the last 12 months, PureTech Health adds.

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14 Jun 2022 16:54

IN BRIEF: PureTech achieves availability milestone for LYT-300 study

PureTech Health PLC - Boston, Massachusetts-based clinical-stage biotherapeutics - Announces results from phase two study of LYT-100-COV on patients with post acute or long Covid with respiratory complications.

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14 Jun 2022 07:33

PureTech reports 'Glyph' milestone, disappointing long Covid results

(Sharecast News) - PureTech Health said on Tuesday that it had met a milestone in proving its 'Glyph' therapeutic platform, while separately announcing disappointing results from a study into long Covid.

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1 Jun 2022 18:21

TOP NEWS: Centrica warms up for FTSE 100 as Royal Mail sent packing

(Alliance News) - FTSE Russell confirmed on Wednesday that the following changes will take effect to its UK indices from the market open on Monday, June 20 after completing its quarterly review.

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25 May 2022 10:18

Centrica and Johnson Matthey indicated to join FTSE 100, Asos in 250

(Alliance News) - British Gas-owner Centrica PLC and chemical firm Johnson Matthey PLC are set to return to the FTSE 100 index next month, replacing television broadcaster ITV PLC and postal operator Royal Mail PLC, according to indicative changes released by FTSE Russell on Tuesday.

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5 May 2022 12:11

LONDON MARKET MIDDAY: Pound slips as BoE opts for quarter-point hike

(Alliance News) - Stock prices in London were higher, while the pound was flat, on Thursday, after the Bank of England as expected raised UK interest rates by a quarter percentage point.

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5 May 2022 11:18

IN BRIEF: PureTech shares rise as unveils USD50 million share buyback

PureTech Health PLC - Boston, Massachusetts-based clinical-stage biotherapeutics - Approves share buyback of up to USD50 million. Programme follows "follows consultation with shareholders and is consistent with PureTech's capital allocation strategy and stated approach to drive additional value for its shareholders," company says. PureTech says it had USD413.2 million of net cash and cash equivalents at March 31. Given size of balance sheet, PureTech is confident it can return capital to shareholders and also maintain "sufficient cash on hand to deliver" on strategic priorities.

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5 May 2022 10:09

PureTech to buy back up to $50m of shares

(Sharecast News) - PureTech Health has announced a $50m share buyback programme, sending shares in the FTSE 250 biotech sharply higher.

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4 May 2022 13:35

PureTech entity Gelesis reports positive data for weight loss drug

(Alliance News) - Boston-based biotechnology company PureTech Health PLC's founded entity Gelesis Holdings Inc said on Wednesday that its weight loss drug showed positive responses in adults in clinical trials.

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27 Apr 2022 09:42

LONDON BROKER RATINGS: Bank of America cuts Melrose, raises Spectris

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

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26 Apr 2022 18:03

TRADING UPDATES: Billington faces headwinds; Immotion plans spin-off

(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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19 Apr 2022 16:02

UK earnings, trading statements calendar - next 7 days

Wednesday 20 April  
888 Holdings PLCTrading Statement
Bunzl PLCTrading Statement
Carr's Group PLCHalf Year Results
Centamin PLCTrading Statement
Hunting PLCTrading Statement
IntegraFin Holdings PLCTrading Statement
John Wood Group PLCFull Year Results
Oxford Biomedica PLCFull Year Results
Petra Diamonds LtdTrading Statement
Quilter PLCTrading Statement
Thursday 21 April 
AJ Bell PLCTrading Statement
Anglo American PLCTrading Statement
Antofagasta PLCTrading Statement
Bonhill Group PLCFull Year Results
Churchill China PLCFull Year Results
DP Poland PLCTrading Statement
essensys PLCHalf Year Results
Foxtons Group PLCTrading Statement
Gem Diamonds LtdTrading Statement
LBG Media PLCFull Year Results
Man Group PLCTrading Statement
PensionBee Group PLCQ1 Results
Relx PLCTrading Statement
Rentokil Initial PLCTrading Statement
Serica Energy PLCFull Year Results
XPS Pensions Group PLCTrading Statement
Friday 22 April 
Alphawave IP Group PLCFull Year Results
Petropavlovsk PLCTrading Statement
Record PLCTrading Statement
Serabi Gold PLCFull Year Results
Zinc Media Group PLCFull Year Results
Monday 25 April 
Access Intelligence PLCFull Year Results
Arecor Therapeutics PLCFull Year Results
Audioboom Group PLCFull Year Results
CentralNic Group PLCTrading Statement
Chapel Down Group PLCFull Year Results
Lok'n Store Group PLCHalf Year Results
Vector Capital PLCFull Year Results
Tuesday 26 April 
ASA International Group PLCFull Year Results
Associated British Foods PLCHalf Year Results
Billington Holdings PLCFull Year Results
Corero Network Security PLCFull Year Results
Focusrite PLCHalf Year Results
Futura Medical PLCFull Year Results
Gaming Realms PLCFull Year Results
Hochschild Mining PLCTrading Statement
HSBC Holdings PLCQ1 Results (at 0500 BST)
Immotion Group PLCFull Year Results
IWG PLCTrading Statement
Jupiter Fund Management PLCTrading Statement
Learning Technologies Group PLCFull Year Results
National Express Group PLCTrading Statement
Northcoders Group PLCFull Year Results
Nostrum Oil & Gas PLCFull Year Results
PureTech Health PLCFull Year Results
RWS Holdings PLCHalf Year Results
Taylor Wimpey PLCFull Year Results
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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