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Pharma & Biotech

Proactive news summary - Real Estate Investors, Deltex Medical Group, Brady, Caza Oil & Gas

It was just another manic Monday on London's AIM market.

Real Estate Investors (LON:RLE) was quick out of the blocks.

The business said full-year profits jumped by a fifth as it benefited from a surge of interest in industrial property in the West Midlands.

Elsewhere, Globo (LON:GBO) said it has been recognised by a leading market research firm as a ‘market challenger’ among the 12 leading mobile app development platform (MADP) vendors.

Petro Matad (LON:MATD) confirmed it is in advanced talks to bring an international oil company, as the AIM share jumped as much as 30%.

Deltex Medical Group (LON:DEMG) shares shot up 23% today. Three directors, including the finance director, revealed they bought shares last week.

In other news, Caza Oil & Gas (LON:CAZA, TSE:CAZ) told investors it has now received all of the initial US$4mln available under the US$5mln convertible loan from Yorkville Capital.

Barrister and Africa-focused entrepreneur Christopher Cleverly has become executive chairman of African Potash (LON:AFPO).

Ergomed (LON:ERGO), which provides drug clinical development services, revealed experts from its company PrimeVigilance will be speaking at the prestigious Drug Information Association (DIA) meeting in Washington this summer.

Meanwhile, results from Brady (LON:BRY) were decidedly Cloudy – but in a good way – as the trading software specialist is seeing strong growth in its Cloud proposition.

Shares in KEFI Minerals (LON:KEFI) rose as it moved a step closer to receiving the official go ahead for its flagship gold project.

Mart Resources (TSE:MMT) has now agreed a definitive deal for its takeover by its Nigerian partner Midwestern Oil and Gas Company.

Range Resources (LON:RRL) has told investors that its management remains fully committed to turning the company around.

Venn Life Sciences (LON:VENN) shrugged off a placing late Friday with the shares little changed today.

Technology-focused investment firm Tern (LON:TERN) is set to tell investors at its annual general meeting both of its investments are on the way to creating value.

Alba Minerals (LON:ALBA) has today revealed plans to raise £500,000 having struck a deal last week to double its stake in the Horse Hill project.