RE: The past4 Jan 2021 11:05
In its trading statement dated 1 August 2013, the Company advised shareholders that it was in discussions with Becton Dickinson ("BD") for an expansion of the supply and distribution agreement of its TB test which, if successful, would lead to additional revenues for the year ended 30 June 2013 of £1.0m - £1.2m being recognised. The Company today advises that the discussions with BD have not been successfully concluded and the supply and distribution agreement originally entered into in August 2012 has been terminated. The previous guidance for the results for the year ended 30 June 2013 of revenues of £5.4m (2012: £5.6m) and a loss after tax of £1.2m (2012: £0.2m) remains unchanged. Development of Genedrive® has been the key focus of the Personalised Medicine division, with Preclinical Research Services and Novel Therapies broadly in line with the prior year. Net cash as at 6 September 2013 was £6.1m. This will be reduced to £5.5m post the repayment of $1m to BD under the terms of the original agreement.
Found the nose dive....... hopefully we don’t get this from bc etc