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ReNeuron jumps after unveiling new collaborations on exosome technology platform

ReNeuron Group PLC (LON:RENE) jumped 15% to 125p in late morning after unveiling new collaborations and data findings on its exosome technology platform.

Exosome therapy is being explored by ReNeuron both as a potential new nanomedicine targeting cancer and as a delivery system for gene therapy treatments.

If the data collected from the new collaborations is positive, the AIM-listed company reckons it could seek potential out-licensing deals in six months or so.

10.05am: Hammerson slides after Morgan Stanley trims stake

Hammerson plc (LON:HMSO) slid 6% to 34.97p in mid-morning after Morgan Stanley trimmed its stake.

The US investment bank now owns 6.39% of the retail property developer from 6.68% previously.

Last week, the real estate investment trust posted a £1.73bn after writing down the value of its estate by £1.44bn.

Elsewhere, International Consolidated Airlines Group (LON:IAG) shed 2% to 210.50p as British Airways is thinking of selling its flagship headquarters near Heathrow Airport.

The cash-strapped airline plans a mix of home and office working going forward.

“We’ll want to consider what the ideal office layout for the future will be. Perhaps it’s less fixed desks and more casual meeting areas, and we need to consider colleague wellbeing, too,” director of people Stuart Kennedy told staff.

9.15am: Futura Medical rockets after EU certification for erectile dysfunction gel

Futura Medical PLC (LON:FUM) rocketed 150% to 44.95p on Friday morning after revealing the EU is to certificate its MED3000 as a Class 2B approved medical device.

Once the certificate is received, Futura’s topical gel formulation MED3000 will become the first pan-European topical treatment for erectile dysfunction available without the need for a doctor’s prescription.

EU certification and the resultant CE mark will make it easier for Futura to gain approval for MED3000 in other parts of the world, as many jurisdictions “fast-track” their reviews if a product has an EU CE mark.

Elsewhere, Path Investments plc (LON:PATH) advanced 9% to 0.29p after some shareholders bumped their stake.

Richard and Charlotte Edwards previously owned below 3% and now own 4.93% of the company’s issued share capital.

Path is an investment company in the energy and natural resources space.

Proactive news headlines

Futura Medical PLC (LON:FUM) told investors the EU is to certificate Futura’s MED3000 as a Class 2B approved medical device.  Once the certificate is issued, MED3000, a gel used to treat erectile dysfunction, may be marketed throughout the EU without the need for a doctor’s prescription.  

Caerus Mineral Resources PLC (LON:CMRS) has made a good start to life as a listed company as its shares rose on its first day of trading on the standard segment of the LSE’s main market.

ReNeuron Group PLC (LON:RENE) has announced new collaborations and data findings on its exosome technology platform.

Trident Royalties PLC (LON:TRR) is to acquire a 60% stake in a royalty stream from the Thacker Pass project.

Frontier IP Group PLC (LON:FIPP) said its portfolio company Fieldwork Robotics has raised £675,000 through an equity fundraising from existing and new investors to accelerate the development of its soft fruit and vegetable harvesting robots.

Falcon Oil & Gas Ltd (LON:FOG, CVE:FO) has provided details of what’s described as an exciting work programme for the remainder of 2021 at the Beetaloo basin project.

AEX Gold Inc (LON:AEXG) told investors that “significant progress is underway” as it continues to review the Nalunaq mine project’s development plan.

Metal Tiger PLC (LON:MTR) said it has signed an investment agreement with Armada Exploration Limited, a Mauritian holding company which owns 100% of Armada Exploration.

SDX Energy PLC (LON:SDX) released financial results for the 12 months ended December 31 2020. “I am extremely pleased to announce a set of results featuring record production, a strong balance sheet and successful drilling results,” said chief executive Mark Reid.

XLMedia PLC (LON:XLM) confirmed £24mln of new funds have been raised from its share placing. In a statement after Thursday’s close, the company noted that it had sought a minimum of £20mln and the share sale was significantly oversubscribed.

Medica Group PLC (LON:MGP) said Junaid Bajwa, the chief medical scientist at Microsoft Research, will be joining the company as a non-executive director (NED) and chair of its clinical and risk committee from April 1.

PCF Group PLC (LON:PCF) has appointed Caroline Richardson as its new chief financial officer, bringing more than 25 years’ experience in finance and banking, including at Deutsche Bank and Cooperative Bank.

With requisite regulatory checks completed, Iconic Labs PLC (LSE:ICON) said Brendan O’Mahony, Willem van der Meer and David Štybr will be immediately appointed to the board as non-executive directors.

BATM Advanced Communications Ltd (LON:BVC) shares rose on Friday after the company said it has completed the sale of its software subsidiary NGSoft to Aztek Technologies following approval from the Israel Competition Authority.

Supply@ME Capital PLC (LON:SYME) confirmed details about its acquisition of a leading fintech-powered commodities trade enabler, focused on SMEs. The company confirmed that heads of terms have been signed with TradeFlow Capital Management Pte Ltd for the deal.

Powerhouse Energy Group PLC (LON:PHE) said 141.9mln of its shares issued to the vendors of Waste2Tricity (W2T) have been placed to institutional and high-net-worth investors.

Alien Metals Ltd (LSE AIM:UFO) will be attending the Swiss Mining Institute conference online from 22-24 March 2021. Bill Brodie Good, CEO & technical director, said: “Alien’s attendance at the Swiss Mining Institute conference will be an excellent opportunity for us to engage directly with key stakeholders and investors in the country. We look forward to presenting and meeting other attendees from the mining community to   showcase our exciting projects and to discuss opportunities for Alien in line with our strategy.”

Seeing Machines Ltd (LON:SEE) chief executive Paul McGlone and chief financial officer Naomi Rule will provide a live presentation relating to the company’s first-half results via the Investor Meet Company platform on 31 Mar 2021 at 8am. The presentation is open to all existing and potential shareholders, with questions able to be submitted pre-event or during the presentation.

MGC Pharmaceuticals Ltd (ASX:MXC, LON:MXC) notified investors that it will be hosting the general meeting webinar on Wednesday 31 March 2021 at 4pm Australian Western Standard Time (9pm BST). 

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