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Pin to quick picksReneuron Share News (RENE)

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ReNeuron raises £68.4m with Woodford support as annual losses widen

Fri, 10th Jul 2015 09:05

Stem cell therapy company Reneuron Group has raised £68.4m to focus on its core product and nanomedicine cancer programme through to the first half of 2019, while final results highlighted progress of its other projects.A placing of £68.4m at a price of 5p per share saw star UK fund manager Neil Woodford increase his stake from 26% to over 35%, which will require a shareholder vote to waive the normal London Stock Market requirement to make an offer for the entire company.Chief executive Olav Hellebø said the placing was thought to be the largest funding round undertaken in the cell therapy sector globally this year.The proceeds will enable Reneuron to more rapidly develop the potential of its CTX neural stem cell line, human Retinal Progenitor Cell (hRPC) therapy candidate for retinitis pigmentosa, and exosome nanomedicine delivery platform, providing multiple opportunities to build value, Hellebø said.Full year results also highlighted the progress of its stem cell therapy candidates with data for its CTX stem cell therapy candidate for stroke and critical limb ischaemia due in 2016 and hRPC stem cell therapy candidate for retinitis pigmentosa due to commence a Phase I/II trial in 2015.The funding should provide sufficient financial resources to drive these programmes through to market authorisation application stage.Results also showed pre-tax losses in the year to March of £10.3m, up from £7.8m a year before as research and development costs rose to £7.3m from £5.8m and administrative costs increased to £3.7m from £2.8m.
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12 Sep 2018 14:44

ReNeuron pleased with progress on several therapy fronts

(Sharecast News) - Cell-based therapeutics developer ReNeuron Group updated the market on its trading on Wednesday, as investors gathered for the firm's annual general meeting, announcing that following recent co-ordinating ethics committee approval, the first clinical site has now been initiated in the US Phase IIb study with its CTX cell therapy candidate for stroke disability.

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12 Sep 2018 13:54

ReNeuron Expects To Enroll First Patient For Stroke Study Shortly

LONDON (Alliance News) - ReNeuron Group PLC said Wednesday it expects to enroll the first patient in its stroke disability study "shortly".The company said that the first clinical

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5 Jul 2018 16:01

UK Earnings, Trading Statements Calendar - Next 7 Days

Friday 6 July SVM UK Emerging FundFull Year Results Monday 9 July GroupHalf

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19 Apr 2018 13:17

ReNeuron Wins GBP1.5 Million Grant For Stem Cell Therapy Development

LONDON (Alliance News) - ReNeuron Group PLC on Thursday said it is the "lead" industry participant in a new GBP1.5 million grant from the UK's innovation agency Innovate grant has to

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3 Apr 2018 13:29

Portugal looks to renewables as March output tops mainland power demand

LISBON, April 3 (Reuters) - For the first time in at least four decades, Portugal's monthly renewable energy production in March exceeded power demand

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26 Mar 2018 15:53

ReNeuron Now Expects hRPC Stem Cell Trial Data In First Half Of 2019

LONDON (Alliance News) - ReNeuron Group PLC on Monday said it has decided to adjust the number of clinical sites for its CTX stem cell therapy candidate study, and now expects

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5 Dec 2016 11:06

ReNeuron's first half revenues supported by new drug developments

(ShareCast News) - ReNeuron, an AIM-listed UK based developer of cell-based therapeutics, saw first half revenues double due to a series of successful drug trials. Revenues were £22,000 for the six months ended 30 September 2016 up from £11,000 in the first half of 2015. During the period, the grou

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4 Dec 2016 14:45

Sunday share tips: ReNeuron, Clipper Logistics, RM Secured Direct Lending

(ShareCast News) - Shares of ReNeuron are for brave investors only, said the Sunday Times' Inside the City column. The stem cell pioneer is scheduled to publish the results of second-phase clinical trials of its potential stroke paralysis treatment alongside its interim results on Monday. ReNeuron's

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6 Sep 2016 11:38

ReNeuron reports positive progress in clinical trials

(ShareCast News) - UK-based developer of cell-based therapeutics ReNeuron Group provided a trading update ahead of its annual general meeting on Tuesday. The AIM-traded firm reported that all patients have been treated in the PISCES II Phase II clinical trial of its CTX cell therapy candidate for pa

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7 Jul 2016 09:37

ReNeuron Annual Loss Widens As Product Trials Ramp Up

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4 Jul 2016 15:16

UK Earnings, Trading Statements Calendar - Next 7 Days

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13 Jun 2016 07:58

ReNeuron Completes Phase II Stroke Therapy Trial Patient Recruitment

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9 Jun 2016 08:55

ReNeuron Selects Glioblastoma Multiforme As First Clinical Target

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8 Jun 2016 08:36

ReNeuron Progressing Blindness Candidate Through Phase I/II Trial

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15 Mar 2016 09:52

ReNeuron Says First Patient Treated For Retinitis Pigmentosa

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