Drug floats catch a cold
Article Abstract:
Antisoma plans a stock market flotation but this could be delayed until year-end 1997. United Kingdom investors have become less enthusiastic about biotechnology stocks following an announcement in May 1997 that Celltech's septic shock drug was not effective. Antisoma has an ovarian cancer treatment, Theragyn, in Phase 3 trials and this means investing in Antisoma is less of a risk. The company is likely to wait for market conditions to improve prior to announcing its flotation.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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Xenova: risky business
Article Abstract:
Xenova is a biotechnology company which produces drugs from plants and is seeking to raise 25 million pounds sterling through a placing. The company has three products at a late development phase, but they are not likely to be launched prior to 2001. The company needs funds before then, hence tthe share placing, and could need further funds thereafter. The company has made agreements with Warner Lambert and Suntory's pharmaceutical division to develop drugs.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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PPL Therapeutics: flocking to market
Article Abstract:
PPL Therapeutics is a UK biotechnology company planning a listing in Jun 1996. The company can alter sheep genetically to produce proteins in sheep's milk which is of use to drugs companies. The company reported a loss of 1.4 million pounds sterling for 1995, with revenue at 4.5 million pounds. The share flotation is likely to raise from 25 million pounds sterling to 30 million pounds, to be investment in developing new products.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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