Proactive news highlights: Forbidden Technologies, Netscientific, Rare Earth, StatPro and more...

Telit is collaborating with Indian information tech specialist, Vortex Biosciences granted licences for cell electroporation and Forbidden Technologies signs with a sports content group.

Daily news round-up from the world of Proactive

Venn Life Sciences Holdings plc (LON:VENN) has been awarded a new contract worth €2.8mln to carry out a phase II trial for a European biotech.

The trial is for an immunotherapeutic treatment for Multiple Sclerosis, involves patients in six countries across Europe and starts in October.

On other news, Northcote Energy Ltd (LON:NCT) told investors that its Mexican venture has signed a deal with PEMEX, the national oil company, to provide services.

A letter of intent envisages the AIM quoted group’s  51% joint venture Mayan Drilling Fluids (MDF) providing a range of waste remediation services via its facility in Comalcalco, Mexico.

Elsewhere, Telit Communications Plc (LON:TCM) is to collaborate with Indian information technology specialist Tech Mahindra to develop end-to-end solutions for the Internet of Things (IoT).

The two companies have signed a multi-faceted agreement that will see Telit’s portfolio of IoT products and services with Tech Mahindra’s expertise in system integration.

Over at Cancer drug developer Sareum Holdings Plc (LON:SAR), it now has patent protection in China and Hong Kong for its Aurora+FLT3 inhibitor programme after receiving approval from the relevant authorities, it revealed.

The firm received similar patents the USA and Europe in September last year.

Meanwhile, the AIM-listed healthcare technology incubator, NetScientific PLC (LON:NSCI), said one of its investee companies had struck a deal with Harvard University.

Vortex Biosciences has been granted a series of licences for cell electroporation technology developed by Harvard researchers that will boost its ability to analyse circulation tumour cells.

Over at Forbidden Technologies plc (LON:FBT) it has agreed a partnership with sports content group Fanview Consultancy to expand video editing tool Forscene's presence in digital content. 

Fanview, which helps content creators and owners produce and distribute tailored videos,  is owned by Jim Irving, a non-executive director of Forbidden.

Portfolio analytics software specialist StatPro Group PLC (LON:SOG) is gaining momentum as more customers migrate to its cutting-edge cloud-based platform, StatPro Revolution.

The company was quick to spot the way the wind was blowing in the technology sector and invested in developing a software-as-a-service (SaaS) platform, and though this meant that there would be a period of transition as customers migrated from the old software licensing model, interim results released on Wednesday indicate that the strategy is paying off.

Next, IGas Energy Plc (LON IGAS) has announced the appointment of Mike McTighe as the company’s new non-executive deputy chairman.

It comes as Robin Pinchbeck is stepping down from his position as independent Non-executive Director, a position he held for four years.

And finally, Rare Earth Minerals plc (LON:REM) associate Macarthur Minerals expects to receive 13 out of 20 of lithium exploration permits it has applied for in Australia.

Awards of the permits are expected in November/December.

All Macarthur Minerals' applications have been advertised in accordance with the Mining Act and no objections have been maintained, it said.




Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...


Salt Lake Potash focused on plant commissioning as Lake Way nears completion

Salt Lake Potash Ltd's (ASX:SO4) (LON:SO4) (OTCMKTS:WHELF) (FRA:W1D) Tony Swiericzuk tells Proactive's Andrew Scott its Lake Way project in Western Australia is nearing completion, with the process plant 88% complete and the overall project, including all on-lake infrastructure 81% complete....

10 hours, 51 minutes ago

3 min read