Silence Therapeutics PLC has teamed up with one China’s biggest drug developers in a deal that could be worth US$1.3bn in milestone payments. The UK group will receive an ‘upfront’ US$16mln as part of the collaboration agreement with Hansoh Pharma.
Aminex PLC (LSE:AEX) said it has reached a settlement with the Tanzania Petroleum Development Corporation (TPDC) over past gas sales that will result in receiving a net cash inflow of approximately US$1.85mln.
Frontier IP Group PLC (AIM:FIPP) has today published the latest edition of its quarterly newsletter summarising key activities and developments within the group and its portfolio companies. It’s available to download from the investor’s website or by request by emailing Andrew Johnson, group communications and investor relations director, at [email protected]
Zephyr Energy PLC, the Rocky Mountain oil and gas company, said operations are scheduled to start next Monday at the State 16-2LN-CC well on the company’s flagship project in the Paradox Basin, Utah.
Learning Technologies Group PLC has completed the GBP284mln acquisition of GPS Strategies – a transformational deal for the group.
88 Energy Limited has updated the market on its operations during the quarter ended 30 September, which ended with A$36mln in the bank and no debt.
DeepVerge PLC (AIM:DVRG) has noted a related party transaction in 2018 when the company was known as Integumen. Loans worth a total GBP12,650, interest-free and unsecured, were advanced by Dagmara Brandon, the wife of Gerard Brandon, the company’s chief executive, for working capital purposes, The loans were subsequently transferred to a third party in return for shares in DeepVerge on 20 November 2018 at an equivalent price of 6.5p per share. DeepVerge’s independent directors consider that the terms of the loans were fair and reasonable, said a statement.