The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
----------
Rockhopper Exploration PLC - Salisbury, England-based oil and gas exploration company - Pretax loss in the six months ended June 30 widens to $2.6 million from $749,000 a year prior as administrative expenses jump 40% to £2.1 million. Records no revenue in the half year compared to $523,000 a year ago due to the ceasing of production. Says ‘the existing portfolio continues to be evaluated for further opportunities, but revenue and cost of sales are not expected to be material in the immediate future.’ Looking ahead, says work continues on refining a new lower cost development and financing plan for its Sea Lion project in the Falkland Islands.
----------
PureTech Health PLC - Boston-based biotechnology company - Says founded entity Karuna Therapeutics Inc submits new drug application to the US Food & Drug Administration for KarXT for the treatment of schizophrenia. Submission is sipported by efficacy and long-term safety data from a clinical program evaluating KarXT as a treatment for schizophrenia, PureTech says. In all three placebo-controlled trials, KarXT met its primary endpoint and demonstrated a ‘statistically significant and clinically meaningful reduction in Positive and Negative Syndrome Scale (PANSS) total score compared to placebo.’ As a founder of Karuna, PureTech retains an equity ownership and has rights to receive milestone payments upon the achievement of certain regulatory approvals and 20% of sublicense income. PureTech Chief Innovation Officer Eric Elenko says: ‘KarXT, which was invented at PureTech, showcases how we invent and advance novel medicines by giving new life to drugs that have validated pharmacology but had previously not reached patients due to an issue that is now addressable with our innovations. This NDA submission is also an important milestone for patients, as it could represent the first major advance for treating schizophrenia in over 50 years if approved by the FDA.’
----------
Synectics PLC - Sheffield, England-based security and surveillance systems firm - Wins new contract with West Midlands Police for the use of its open software platform, Synergy. Has collaborated with the police force since 2005. Says additional contract will see the company integrate cameras operated by the National Highways Agency throughout the West Midlands into Synergy to increase multi-agency collaboration and improve incident response times. Chief Executive Officer Paul Webb says: ‘The inclusion of the regional camera network from the National Highways Agency will deliver even more comprehensive situational awareness for WMP. Integrating feeds from multiple agencies is a delicate and complex process, but with our technological expertise and compliance with protocols, we are able to deliver the end-to-end solution required by WMP.’
----------
SpaceandPeople PLC - Glasgow-based retail, promotional and brand experience specialist - Subsidiary POP Retail GmbH agrees to provide retail kiosks to CEMAGG Management GmbH in its shopping centres in Germany. Chief Executive Officer Nancy Cullen says: ‘We are delighted to have signed this agreement with CEMAGG. It helps to further expand and consolidate our network of venues in Germany, it complements our recent agreement with Multi Germany GmbH and builds on our long-standing relationship with ECE, as well as demonstrating our focus on expanding our network of clients and venues in Europe.’
----------
Atome Energy PLC - Leeds, England-based green hydrogen, ammonia, and fertilizer project development in Paraguay, Iceland, and Central America - Pretax loss in the six months ended June 30 widens to $2.9 million from $2.5 million a year prior, driven by a 16% increase in administrative expenses to £2.9m. Looking ahead, says the second half of the year is an ‘exciting time’ for project progression, and views the outlook with ‘significant confidence.’
----------
Cornish Metals Inc - Vancouver, Canada-based mineral exploration and development firm focused on the UK and North America - Begins wet commissioning of South Crofty mine water treatment plant in Cornwall. Says MWTP is designed to treat 25,000 metres cubed per day of water pumped directly from South Crofty mine and uses high density sludge process technology to treat raw mine water and meet the company’s permitted standards for discharge into the nearby Red river. Says its project delivery team is being supported by the plant designer, equipment suppliers and contractors to ‘fully test and commission every aspect of the process before commencing discharge to the Red river.’ Expects commissioning and building of the high density sludge bed to take up to three weeks, with full dewatering of the mine anticipated to commence in October. Chief Executive Officer Richard Williams says: ‘The commencement of wet commissioning at the South Crofty MWTP is another exciting step towards the dewatering of South Crofty mine. Our project team, supported by a small army of dedicated local contractors, has worked extremely hard over the last 12 months to take the MWTP from a conceptual flowsheet design through to a fully constructed plant.’
Copyright 2023 Alliance News Ltd. All Rights Reserved.
