Technology
Sareum allowed European patent for primary kinase inhibitor asset
Biotechnology company Sareum announced on Friday that the European Patent Office had issued a notice of allowance for a patent concerning SDC‐1801, its primary TYK2/JAK1 kinase inhibitor currently undergoing clinical trials in Australia.
Biome Technologies division wins £0.54m contract
Bioplastics and radiofrequency technology specialist Biome Technologies announced a new contract for its RF technologies division Stanelco on Friday.
Beeks Financial Cloud wins contract extension with JSE
Beeks Financial Cloud announced a significant contract extension with the Johannesburg Stock Exchange (JSE) on Thursday, for the provision of its Exchange Cloud.
Restore swings to statutory loss amid market challenges
Digital information and document management specialist Restore reported a 1% fall in full-year revenue on Thursday, to £277. 1m, while facing a more substantial 15% drop in adjusted operating profit to £44. 3m.
Ceres Power results to be delayed by audit
Ceres Power, a developer of clean energy technology, announced a delay in releasing its full-year results for the year ended 31 December on Thursday.
Symphony Environmental Tech extends convertible loan agreements
Symphony Environmental Technologies announced extensions to its existing convertible loan agreements with Sea Pearl Ventures on Thursday, to 31 December 2025, expanding from the previous end date of 30 September 2024.
Ixico warns on 2024 revenue amid contract delays
Medical imaging analytics company Ixico said in a trading update on Wednesday that, despite ongoing progress in expanding its opportunities pipeline, the first half of 2024 had been marked by extended contracting cycles and delays in securing certain new contracts.
Quantum Blockchain reveals new mining method, warns of porting difficulties
Quantum Blockchain Technologies shares were in the red on Wednesday afternoon, after it issued an update on its research and development endeavours in advancing Bitcoin mining technologies.
OptiBiotix signs partnership with India's Dr Morepen
Life science company OptiBiotix Health announced the signing of a partnership agreement with Dr Morepen on Wednesday, for the distribution of SlimBiome products in India under the Dr Morepen brand.
AMS reports higher revenue and lower profit, proposes fresh acquisition
Advanced Medical Solutions unveiled its unaudited preliminary results for 2023 on Wednesday, alongside a significant acquisition announcement.
MaxCyte reports strong fourth quarter as full-year revenues fall
Cell engineering technology specialist MaxCyte reported total fourth quarter revenue of $15. 7m on Wednesday, up 26% on the same period in 2022.
Keywords Studios posts strong growth despite tougher market
Keywords Studios reported a 13% rise in full-year revenue in its final results on Wednesday, to €780m.
IP Group net asset value falls, but losses narrow
Intellectual property-focussed investor IP Group reported a net asset value of £1. 19bn in its results for 2023 on Wednesady, or 114. 3p per share, down from £1. 38bn and 132. 9p per share in 2022.
Eckoh enters partnership with RingCentral
Customer engagement data security specialist Eckoh announced a strategic partnership with RingCentral, a provider of AI-driven enterprise cloud communications and contact centre solutions, on Tuesday.
PCI-PAL raising £3.5m to support its US expansion
Payment solutions specialist PCI-PAL announced its intention to conduct a fundraising aimed at raising up to £3. 5m on Tuesday, to support its continued US expansion.
Fonix Mobile gross profits rise in strong first half
Mobile payments and messaging technology company Fonix Mobile reported a 17. 9% rise in gross profit in its interim results on Tuesday, to £9. 2m, while adjusted EBITDA increased 17. 7% to £7. 3m.
Reddit announces IPO valuation of up to $5.5bn
Social media platform Reddit confirmed its intention to launch an initial public offering (IPO) on Monday, announcing an estimated valuation of up to $5. 5bn.
Versarien sells South Korean plant, licenses patents
Versarien announced on Monday that it had finalised an agreement with MCK Tech to sell its plant and equipment in South Korea for £0. 6m.
Cordel finance chief to take six-month sabbatical
Cordel Group announced Monday that its chief financial officer, Thouraya Walker, would be taking a sabbatical of up to six months.
Touchstar ends 2023 in line with expectations
Mobile data computing and managed service provider Touchstar said in an update Monday that it expects its performance for 2023 to be largely in line with market expectations in terms of revenue and profit before tax.