News

A further non-exclusive licence to the Company’s stroke biomarker patent portfolio was completed on 22 January 2019 with Galaxy CCRO Inc. (“Galaxy”), a recently formed US clinical contract research organisation, which intends to develop a point of care test for the diagnosis and timing of stroke onset in order to direct patients to specialists who can administer thrombolytic treatment. Under the terms of the licence Proteome Sciences will receive equity in Galaxy as an initial licence fee, with subsequent development milestones and a running royalty on product sales. Galaxy CCRO Inc announcement

The Company today provides a trading update for the financial year ending 31 December 2018. 

Unaudited revenues for the full year decreased by 11% to approximately £3.0m (2017: £3.4m). TMT® sales and royalties accounted for approximately £2.1m, reflecting a greater than 10% growth in that underlying business, while revenues from proteomics services were below expectations as a result of a weak first half of the year.  Costs of £4.4m were 12% lower than the previous year (2017: £5.0m) reflecting the ongoing impact of consolidation and restructuring performed in 2017/2018.  The Company anticipates a significantly reduced loss after tax of approximately £1.4m (2017: £2.5m) for the year.

Jeremy Haigh, Chief Executive of Proteome Sciences, commented:  “As predicted, the fourth quarter of 2018 was the strongest for our proteomics services business, during which we recognised about 40% of our annual service revenues and generated work orders to the value of £0.25m.

 The Board of Proteome Sciences plc is pleased to announce that Allenby Capital Limited has been appointed as the Company’s new Nominated Adviser and sole Broker with immediate effect.

Holdings in Company  - TR1 notification was received from Spreadex Limited.

The Company has received notification from Vulpes Life Sciences Fund ("Vulpes") that on 23 November 2018 it purchased 1,000,000 Ordinary Shares of 1p in the capital of the Company ("Ordinary Shares") at 3.16p per Ordinary Share (the “Purchase”). Following the purchase, Vulpes has a total direct and indirect interest in 64,946,734 equivalent to 22% of Proteome Sciences' total issued share capital.

The Company has received notification from Vulpes Life Sciences Fund ("Vulpes") that on 22 November 2018 it purchased 500,000 Ordinary Shares of 1p in the capital of the Company ("Ordinary Shares") at 3.24p per Ordinary Share (the “Purchase”). Following the purchase, Vulpes has a total direct and indirect interest in 63,946,734 equivalent to 21.66% of Proteome Sciences' total issued share capital.

The Company has received notification from Vulpes Life Sciences Fund ("Vulpes") that on 19 November 2018 it purchased 500,000 Ordinary Shares of 1p in the capital of the Company ("Ordinary Shares") at 3.42p per Ordinary Share (the “Purchase”). Following the purchase, Vulpes has a total direct and indirect interest in 63,446,734 equivalent to 21.49% of Proteome Sciences' total issued share capital.

The Company has received notification from Vulpes Life Sciences Fund ("Vulpes") that on 16 November 2018 it purchased 500,000 Ordinary Shares of 1p in the capital of the Company ("Ordinary Shares") at 3.42p per Ordinary Share (the “Purchase”).  Following the purchase, Vulpes has a total direct and indirect interest in 62,946,734 equivalent to 21.32% of Proteome Sciences' total issued share capital.

The Company has received notification from Vulpes Life Sciences Fund ("Vulpes") that on 12 November 2018 it purchased 1,000,000 Ordinary Shares of 1p in the capital of the Company ("Ordinary Shares") at 3.50p per Ordinary Share (the “Purchase”).  Following the purchase, Vulpes has a total direct and indirect interest in 62,446,734 equivalent to 21.15% of Proteome Sciences' total issued share capital.

The Company has received notification from Vulpes Life Sciences Fund ("Vulpes") on 8 November 2018 that it purchased 313,957 Ordinary Shares of 1p in the capital of the Company ("Ordinary Shares") at 3.49p per Ordinary Share (the “Purchase”).  Following the purchase, Vulpes has a total direct and indirect interest in 61,446,734 equivalent to 20.82% of Proteome Sciences' total issued share capital.