Movers of Thursday 26 May 2022
(POLB ) shares rise 31.67% to 7.9p as its granted additional US patents
Poolbeg Pharma announced today that it has been granted patents by the US Patent and Trademark Office (USPTO) for the company’s two lead assets POLB 001 and POLB 002.
The clinical stage infectious disease pharmaceutical firm believes this additional US patent protection is an important step in the commercialisation of these infectious disease products.
The Company’s aim is to broaden and expand the POLB 001 and POLB 002 patent families. Specifically, its focus is to enhance the IP protection of both of these lead assets across key markets such as the US and increase the overall value of these products to potential partners.
To further strengthen its position, Poolbeg will pursue a continuation patent application to augment the protection offered by this patent family, it told its shareholders this morning.
(7DIG ) shares jump 26.32% to 0.24p as it secures eMusic Live partnership
7digital’s eMusic Live venture has further expanded its relationship with AEG Presents with a new partnership to exclusively livestream this year’s Hangout Music Festival in the US.
The collaboration follows eMusic Live’s successful livestream of AEG’s Cali Vibes, the world’s premiere reggae festival, in February this year, thus expanding upon its existing relationship.
(SEED ) shares jump 22.00% to 6.05p as Yooma returns to trading
On Thursday, the company announced that investee company Yooma Wellness had begun trading on the CanadianSecurities Exchange following its suspension earlier this month.
Seed, which has a holding of 4,427,609 ordinary shares in Yooma representing approximately 4.4% of Yooma’s issued share capital, describes Yooma as “a global vertically integrated wellness platform that develops and markets a portfolio of CBD and wellness brands.”
(KAT ) shares fall 13.79% to 0.65p as it acknowledges a ‘tumultuous’ 2021
Katoro Gold has described the year ended 31 December 2021 as “an intense and tumultuous year dominated by lingering COVID-19 restrictions and related issues, especially so for the business world, and marred by unexpected and violent political unrest in South Africa.”
The Tanzanian exploration and development firm published its results today, in which it acknowledged the “many difficulties” faced during the year. Despite this, Katoro said it maintains an optimistic outlook for 2022 and beyond, adding that it has “adequate financial resources to continue in operation until January 2023, whereafter funding will be required.
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