As per4 Dec 2020 11:03
Riddlers Notes and a strong reminder
25 Oct '20
#DMTR
Market cap /price £17mln/ 1.8p
Shares in issue : 960mln
Last results : Sept 2020
Revenues: maiden revenues £1mln
Cash at last accounts £2.5mln
Cash raised £2.1mln July 2020 enough till 2023+
= £4mln in cash as of August 2020
Company aim :
Create a shared data cloud where the platform is designed to enable chemists to work together effectively; sharing the details of their experiments from anywhere and in real-time, so that work is not needlessly duplicated, time and money wasted, and ultimately so new discoveries may be made
Clients include:
Glaxo, Astrazenica , Waters,BASF, Cancer Research Uk, and in July 2020 Novartis and as of Oct 2020 they also gained 5 of the worlds largest pharmacy and agritech.
Major shareholders (top 5) Sept 2020
1 IP group 29.5% and add 50mln of the 140mln new shares
2 Richard Griffiths 8.9%
3 Springer Nature 7%
4Prof Lee Cronin (scientific founder) 6.5% and added 1.2mln
5 Robert Quested 4.9%
Recent developments 2020
*Feb 2020 Chemify ( linked to Cronin lab) part of a grant funded project in:
"Developing a chemical ontology is the first step towards the digitization of chemistry, the UK pharmaceutical market is set to grow from $32B in 2016 to $43B by 2020, with around 5,000 UK companies in the area. In this proposal, we will interact with key companies (Deep Matter and GSK) "
*Astra/Glaxo form part of the Uk government hub with bases in Oxford, Glasgow and others cities.
* Astrazenica had signed an agreement in 2019 work with DMTR to " transform drug design using innovative digital technologies in combination with automation and AI. To get potential new medicines to patients faster"
*Cancer Research at Beatson Glasgow to divert energy to tracking C19 and signed a deal with DMTR on 14th April for:
the sharing of details of their experiments from anywhere and in real-time
A subsequent deployment in China is anticipated to take place later in 2020.
*30th April news that Astra are working on a vaccine( perhaps using DMTR technology) ," AstraZeneca has teamed up with the University of Oxford to develop and manufacture a vaccine for coronavirus, in a move that could allow for rapid vaccination"
*DMTR scientific founder and 7.6% holder Prof. Cronin and the Cronin lab say they cracked the chemical code for the Remdesivir vaccine, in a tweet on 7th April he says "We have written chemical-code (XDL) to robotically make six antiviral drugs (Arbidol; Chloroquine; Favipiravir; Hydroxychloroquine; Remdesivir)
*June : signs collaboration with one of worlds leading companies in the chemicals sector called Waters.
*July working with £200bln valued Novartis
*Sept confirm record revenues and new customers
*Oct :announce they are working with 5 of largest pharmacy and agritech companies
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