RE: Rns...5 Feb 2024 07:37
The recent announcement of a material agreement with a genetic medicines company for £0.5 million contributed to over £0.8 million of deals being signed in December 2023, which culminates in over £1.4 million of signed deals either being or to be processed through the laboratory. Since August 2023's change in management, negotiations across a pipeline of opportunities with total contract values between £2.0 million in medium-term deals and £8.0 million including longer-term deals remain ongoing. Approximately £1.5 million of the medium-term deals are considered advanced stage and there are a further two longer-term opportunities of approximately £6 million with large pharmaceutical companies that the Company hopes will crystalise into ongoing strategic relationships.