Another investment of Nigel Wray, the former chairman of Saracens, is set to float on the Aim.
Belluscura is to brave the public markets, which have been rattled by the coronavirus, towards the autumn as it closes in on regulatory approvals in the US for its X-PLO2R portable oxygen generator. It is designed to replace cylinders, which are cumbersome and can only carry a finite supply.
The generator is smaller, runs on batteries and will keep producing concentrated oxygen as long as it has a charge. It can be used by people with severe breathing problems, such as those with chronic obstructive pulmonary disease or cystic fibrosis. It could also help people with respiratory issues caused by the coronavirus.
Mr Wray, 72, was one of the earliest investors in Belluscura and still holds about 17 per cent of the shares. His investments include Gfinity, an esports group, and Sosandar, an online fashion retailer.
So far this year only three companies have joined the Aim. This month Belluscura raised $1.7 million in a fundraising round which valued it at $12.5 million. However, the company hopes for a “significantly higher” valuation following approval from the US Food and Drug Administration. Bob Rauker, chief executive, said: “Having acquired and co-developed the intellectual property behind our oxygen enrichment business I see Aim as a great platform to fund the launch of our products once we have FDA clearance.”
Dowgate Capital, which plotted the reverse takeover of Sir Martin Sorrell’s S4 Capital into Derriston Capital, is Belluscura’s broker.
STOP watching your screens all the time, just walk away and do something relaxing for the day. The MM games will only stress you out, just look at the fundamentals, there is NOTHING to worry about here, it is ALL GOOD!
My young son, who at 6 years old is my trading partner/advisor at the moment reckons we will close today at around 425. If he's right he wants a set of 6 Marvel superhero figures cost about £25. Wish him (and daddy) well. GLA Once the MM's have had their fun I thin this will fly later!! Great rns
Paris, France and Camberley, UK - 14 May 2020 - Novacyt (EURONEXT GROWTH: ALNOV; AIM: NCYT), an international specialist in clinical diagnostics, announces its audited final results for the year ended 31 December 2019 and provides an outlook for 2020.
Graham Mullis, Group CEO of Novacyt, commented:
"2019 was a year of consolidation as we completed the refinancing and restructure of the business, positioning Novacyt to resume its three-pillar growth strategy of organic, R&D and acquisitive growth.
"Following the rapid development and successful launch of one of the world's first molecular tests for COVID-19, we expect 2020 to be transformational for the business in almost every way based upon visibility of current sales and continued significant demand for the test. Supported by Novacyt's core strengths of in vitro diagnostics product development, commercialisation and contract manufacturing, we believe the Company's stronger financial position and enhanced reputation will be the catalyst in creating a leading global clinical diagnostics business in infectious diseases.
"I would like to extend my sincere gratitude to all of our employees for their ongoing hard work and dedication, as well as our partners and suppliers for their loyalty throughout 2019 and so far in 2020 in the fight against COVID-19. Finally, I would like to thank our shareholders, long-standing and new, who continue to support Novacyt."
Hi Exmex, great to see you! My young rascal managed to get a new bike out of me last time even though BLOE did NOT perform as it was expected to - I'd made my promise to treat him and even though we didn't then hit the 10p I felt obliged not to disappoint him. My son Dylan is not yet negotiating for something special for when NCYT makes me VERY rich but I am sure he has a long list of things he'd like. I'd like for the schools to be open again and for him to be a good boy!! Neither prospect is looking likely any time soon lol!!!
Hmmm yeah Simon I know the feeling lol. My boy also told me that mummy says I'm gonna be in real trouble if I keep losing money! It's been a lean week. Not so much lobster and champagne, it's been more fish fingers and orange squash. Good news soon I think!!
Lol I just asked my 6 year old boy how much it will be at close of play and I liked his answer. He thinks it's gonna be Ninety eleven hundred pounds!!!! Think I'm gonna go with that, as daddy has been wrong every day so far this week, maybe No.1 son will have better luck at guessing the price!!! GLA
I wonder if this relates to our test? Taken from the BBC News website:
The government has admitted sending about 50,000 coronavirus tests to the US last week for processing after "operational issues" in UK labs. The Department of Health said sending swabs abroad are among the contingencies to deal with "teething problems". The samples were airlifted to the US in chartered flights from Stansted Airport, the Sunday Telegraph said. Results will be validated in the UK and sent to patients as soon as possible. A spokeswoman for the Department of Health and Social Care said expanding Britain's virus testing network had involved setting up an "entirely new" lab network to process tests, adding "contingencies" - such as sending swabs abroad - were in place for when "problems arise".
Yes I appreciate it is an old report but I cannot find any mention of the French authorities having blocked the test. What people might be getting confused over is the fact that the French authorities HAVE blocked (7 May) a contact tracing app by Apple and Google: Quote "Both Apple and Android-maker Google – the manufacturers of nearly all of smartphones in France – maintain that access to Bluetooth must be limited to prevent apps from spying on users without their knowledge. It also protects the life of phone batteries.
The companies are collaborating on a Covid-19 contact tracing system of their own. It's a common programming interface they say will use a phone’s Bluetooth feature in ways designed to protect privacy. Only limited data would be collected, advertising banned and the opt-in technology would not access the user's GPS geolocation.
France has rejected the system, citing issues surrounding “privacy and interconnection with the health system”. Cedric O went a step further, arguing the fight against coronavirus was "the role of the states, not necessarily of US digital giants”.
Unless things have changed Novacyte ALREADY has approval: https://in.reuters.com/article/health-coronavirus-novacyt/novacyt-wins-french-approval-for-covid-testing-kit-idINKBN21O0G9