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Pin to quick picksSynairgen Share News (SNG)

Share Price Information for Synairgen (SNG)

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Share Price: 5.13
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Synairgen Pretax Loss Narrows On Expenses

Thu, 20th Mar 2014 12:47

LONDON (Alliance News) - Synairgen PLC Thursday said its pretax loss narrowed in its full year 2013 as administrative expenses fell during the period.

The respiratory drug discovery and development company said its pretax profit narrowed to GBP2.3 million from GBP2.5 million the previous year.

Synairgen, which is yet to produce any revenues, said its research and development expenditure fell 14% to GBP1.3 million from USD1.5 million the previous year bringing its total administrative expenses down 8.5% to USD2.3 million from USD2.5 million in 2012.

The company focuses on treatments for virus-induced asthma, chronic obstructive pulmonary disease, or severe viral lung infections. All its treatments are in early-stage or pre-clinical development trails.

'Synairgen has made significant progress this year and held encouraging discussions with a number of potential licensing partners. Whilst there can be no guarantee that an agreement will be completed, we anticipate that the terms of a final agreement will be in line with the Board's expectations," Chairman Simon Shaw said in a statement.

The company added that it continues to explore ways to add value to discovery and development opportunities through its advanced translational research platform for respiratory disease.

Synairgen shares were down 2.7% to 54.00 pence Thursday.

By Tom McIvor; tommcivor@alliancenews.com; @TomMcIvor1

Copyright © 2014 Alliance News Limited. All Rights Reserved.

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11 Oct 2023 11:19

IN BRIEF: Synairgen names Phytome's Joseph Colliver as CFO

Synairgen PLC - Southampton, England-based drug discovery and biotechnology firm developing SNG001 antiviral treatment for lung infections - Appoints Joseph Colliver as chief financial officer with effect from November 6. Current CFO John Ward will step down from his role on November 3. Colliver has previously held CFO and senior commercial roles at Sativa Group Inc, and within the Kantar division of WPP PLC. He is currently CFO at Phytome Life Sciences Ltd, a pharmaceutical manufacturing firm focused on plant-based medicines.

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11 Oct 2023 10:26

Synairgen names Joseph Colliver as CFO

(Sharecast News) - Drug discovery firm Synairgen revealed on Wednesday that it had tapped Joseph Colliver to take over as chief financial officer.

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3 Oct 2023 09:59

Synairgen promotes Marcin Mankowski to chief medical officer

(Alliance News) - Synairgen PLC on Tuesday promoted Marcin Mankowski to chief medical officer, effective immediately.

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21 Sep 2023 13:48

IN BRIEF: Synairgen narrows interim loss on reduced R&D spending

Synairgen PLC - Southampton, England-based drug discovery and biotechnology firm developing SNG001 antiviral treatment for lung infections - Pretax loss narrows to GBP5.2 million in six months that ended June 30 from GBP14.0 million a year before. Has no revenue either year, but research and development spending is reduced to GBP3.5 million from GBP11.1 million, as phase 3 Sprinter trial of SNG001 is mostly completed in 2022. Since the start of the second half, receives GBP2.4 million R&D tax credit, which adds to GBP14.6 million cash balance on June 30.

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22 Jun 2023 15:44

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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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27 Apr 2023 14:44

EARNINGS SUMMARY: Synairgen loss narrows; aims to develop SNG001

(Alliance News) - The following is a round-up of earnings updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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20 Apr 2023 15:41

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TRADING UPDATES: SulNOx raises funds; Synairgen shares trial results

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Synairgen test results positive but not "statistically significant"

(Alliance News) - Synairgen PLC on Tuesday said it had received positive data from its ACTIV-2 Phase 2 trial for its antiviral treatment.

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4 Oct 2022 08:00

Synairgen posts positive results for phase 2 trial with SNG001 against Covid-19

(Sharecast News) - Synairgen announced positive results for its inhaled antiviral protein treatment interferon beta against Covid-19.

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29 Sep 2022 20:30

EARNINGS SUMMARY: Angle revenue up; Synairgen, Bango loss widens

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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Copyright 2022 Alliance News Limited. All Rights Reserved.

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7 Sep 2022 10:30

IN BRIEF: Synairgen shares rise as positive data found for COPD

Synairgen PLC - Southampton, England-based drug discovery and biotechnology company - Posts positive from its Phase 2 clinical trial of inhaled SNG001 in virally infected chronic obstructive pulmonary disease patients. Says findings from assessments of lung sputum samples show viral clearance from the lower respiratory tract. SNG001 is a formulation for inhalation containing the broad-spectrum antiviral protein interferon beta.

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7 Sep 2022 07:59

Synairgen unveils positive clinical trial data

(Sharecast News) - Respiratory drug discovery firm Synairgen has announced positive findings from a clinical trial into its experimental antiviral treatment.

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TRADING UPDATES: Bradda wins drilling approval; Oakley invests in vLex

(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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