DIM - next few months?28 Jul 2021 15:19
As DIM is 100% owned i suspect this will be the next demerger. For the YE accounts, issued on 17/6 we were told there would be news in the next few months. Few months - is that 3 or 4?? If so we are already 1.5 months into this period so it would be good to get news in say early September.
Anyway, this is the excerpt from the YE accounts re DIM. Should create 'significant value' ....
Our planned demerger strategy is progressing well having successfully completed a Reduction of Capital in our parent company Open Orphan plc. Should we succeed to complete the demergers, this will be an excellent opportunity for shareholders in Open Orphan to maximise value through separate shareholdings in both a profitable pharma services company as well as exciting pharma products commercialisation companies.
In this vein, we are very excited by the opportunity to progress our Disease in Motion® platform. The platform includes data from cutting edge wearables that are applicable to a wide variety of end users including big tech, wearables, pharma, and biotech companies. As volunteers remain under close observation prior to viral challenge, during disease progression and through to full recovery, data is captured across the full time-course of the infection, yielding possible insights into the body's response to infection. As a recognised global leader in supporting the development of therapeutics and vaccines, our team of virological, clinical, and regulatory experts are actively in discussion with potential partners to help address the next set of challenges facing humanity. In due course, we see the potential for this new activity stream to be demerged from the core services business to again create significant value through separate shareholdings.
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