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Share Price Information for Physiomics (PYC)

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Share Price: 1.40
Bid: 1.30
Ask: 1.50
Change: 0.05 (3.70%)
Spread: 0.20 (15.385%)
Open: 1.45
High: 1.45
Low: 1.40
Prev. Close: 1.35
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Physiomics makes 'good progress' towards objectives

Wed, 11th Jan 2017 14:22

(ShareCast News) - Physiomics announced on Wednesday that it is making good progress towards the strategic objectives announced in its most recent full year results, posted on 27 October 2016.The AIM-traded firm announced an initial payment by Sareum on 5 December, for modelling carried out by the company in 2010 to support the identification of an optimal combination regime of a Chk1 inhibitor and a DNA-targeting chemotherapy using the pre-clinical version of the company's 'Virtual Tumour' technology.It said the payment was triggered by a number of pre-conditions including the announcement by Sareum on 27 September that its partner, the CRT Pioneer Fund, licensed exclusive worldwide rights for a Chk1 inhibitor cancer drug candidate CCT245737 - to be renamed PNT737 - to ProNAi Therapeutics.On 6 January, the company confirmed the award of a substantial Innovate UK Grant in the field of personalised medicine whose provisional award had previously been announced on 22 November.The project is titled 'Decision Support Systems For Stratified Cancer Treatment'.In line with Physiomics' strategic objective to explore the personalised medicine market set out in its full year results, the board said the objective of the project is to create a prototype decision support system to improve cancer care by helping medical professionals make treatment decisions based on patient specific data."The company continues to work with a number of existing clients on pre-clinical and clinical projects," the board said in a statement."In particular, it remains engaged with Merck Serono on a project using the Physiomics' Virtual Tumour Clinical."The Company is in active dialog with existing and new clients regarding extensions and new projects."Physiomics added that it is participating in the Biotech Showcase partnering conference in San Francisco from 9-11 January."During this week in San Francisco most of the world's most successful biotech and pharmaceutical companies attend either this conference or the JP Morgan Healthcare conference that takes place annually at the same time and location."Physiomics has confirmed meetings with a significant number of companies with oncology pipelines."Its board said it anticipates that in the first half of the current financial year, revenues will be broadly in line with the comparable period last year."Looking forward, the company expects that in the second half of its financial year, revenues will be at least in line with the comparable period in the previous year."The company will provide a further update later in the current quarter when it publishes its half year results for the current financial year."
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6 Jun 2013 10:02

Physiomics bounces on first commercial contract

Computer-aided biology provider Physiomics has signed a first contract to supply its Virtual Tumour service to a biotech company. The Aim company said it will receive an up-front fee to provide access to its technology as well as ongoing service fees as the project progresses. This is the Oxford-

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8 Feb 2013 09:06

Physiomics reports fall in operating loss, rise in turnover

UK biology company Physiomics said operating loss dropped 6.3 per cent in the last half of 2012 as the group signed on new clients and progressed in research and development of products. Operating loss came to £307,685, compared to £328,674 for the same period a year ago, as turnover increased 52.9

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22 Jan 2013 12:33

Physiomics secures 4.0m pound flexible financing option

UK-based systems biology company Physiomics has entered into a 4.0m pound standby equity distribution agreement with YA Global Master SPV, an investment fund managed by Yorkville Advisors. The agreement is primarily intended to strengthen the company's position for future mergers and acquisitions n

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10 Aug 2012 09:00

Small caps round-up: Staffline, Physiomics, Lonrho, Digital Learning

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7 Mar 2012 12:28

Small caps round-up; Cyan, Victoria, Physiomics ...

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1 Mar 2012 10:30

Small caps round-up: K3, Densitron, Innovation...

Software firm K3 Business Technology Group has received a number of indicative proposals at levels materially higher than the current share price, which it will explore these under a formal sale process and is now consequently in an offer period. Shares in the firm leapt 21.75 percent to 187.50p.

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13 Sep 2011 16:58

London close: Good gains as FTSE 100 rallies

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London midday: Eurozone worries resurface

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13 Sep 2011 09:22

Physiomics wins prostate cancer drug deal

Physiomics, which makes computer models that simulate biological cell behaviour, has agreed to collaborate over development of a prostate cancer drug. The agreement with ValiPharam Limited will see Physiomics help test how the drug "VAL201" performs in combating tumour growth. In essence Physionom

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London midday: FTSE 100 stable after calm start

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15 Aug 2011 11:50

Cancer results boost Sareum

Cancer drug discovery business Sareum shot ahead after it said it had selected a "preclinical development candidate" from research into Chk1, a method of controlling a cancer cells' response to DNA damage. The candidate, when orally dosed, reduces cancer growth rates compared to treatment with the

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6 Apr 2011 15:13

Physiomics issues shares at discount

Penny stock Physiomics fell sharply Wednesday, giving back some of last week's heavy gains, after announcing a share issue at a discount to the prevailing market price. The company has issued 120m shares at a price of 0.5p per share by way of a placing, to raise £0.6m to boost working capital. Fo

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1 Apr 2011 16:11

Physiomics hits 52-week high on study outcome

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