Cobra Biologics will manufacture Scancell Holdings PLC’s (LON:SCLP) COVID-19 vaccine ready for a phase I clinical trial. The agreement covers the good manufacturing practice (GMP) production of plasmid DNA needed to generate the inoculation against SARS-CoV-2.
A drug development firm has been given the green light to take into human trials a treatment for irritable bowel syndrome (IBS) that contains OptiBiotix Health PLC’s (LON:OPTI) Lactobacillus Plantarum LPLDL probiotic. The company said Seed Health’s investigational new drug application has been approved by the US Food & Drug Administration, which will allow DS-01 to go straight into phase II clinical trials.
The board of Brunner Investment Trust PLC (LON:BUT) has declared a third quarterly dividend of 4.67p per share, payable on December 10, 2020 to holders on the register at the close of business on 30 November 2020. Earlier, Brunner confirmed that its top 10 shareholdings continue to be led by Microsoft Corp, UnitedHealth Group and Roche Holding AG.
One Media IP Group PLC (LON:OMIP) has now paid the final US$100,000 of the fee for the acquisition of the music catalogue of Philip Wesley. The digital music rights acquirer, publisher and distributor acquired the catalogue of the American composer and solo piano artist a year ago but part of the payment was deferred, as it was dependent on how well the deal panned out.
Falcon Oil & Gas Ltd (LON:FOG) told investors that an 11-stage hydraulic stimulation programme has been completed at part of the Beetaloo shale project in Australia’s Northern Territory. The 11 stages were carried out along the well’s 1,579-metre horizontal section in the Lower Kyalla formation.
Bezant Resources PLC (LON:BZT), the copper-gold exploration and development company, said exploration work has started at the Hope Copper-Gold Project, Namibia. This first phase of work by Bezant will focus on exploration licence EPL5796 hosting the Hope and Gorob-Vendome massive sulphide deposits, part of a combined indicated and inferred mineral resource within three closely spaced deposits of 10.2mln tonnes @ 1.9% Cu (copper) and 0.3 grams per tonne (g/t) Au (gold) at a 0.7% Cu cut-off.
Bahamas Petroleum Company PLC (LON:BPC) has updated investors on licence administration in Trinidad. The company has agreed with state-backed Heritage Petroleum the three-month extension of the contract to December 31 to give Heritage time to obtain requisite consents from the Ministry of Energy and Energy Industries for the implementation of a new 10-year Enhanced Production Sharing Contract (EPSC) agreement.
Westminster Group PLC (LON:WSG) has been notified by holders of its convertible loan notes that they have elected to convert GBP93,750-worth into 937,500 ordinary shares. This latest conversion further reduces the outstanding CLN amount to GBP1.5mln with a corresponding reduction in interest charges, the company said.
Metal Tiger plc (LON:MTR) said its board has approved the adoption of a new share option incentive scheme for key staff and management. In addition, the company has extended the exercise period in respect of certain existing options. “The company considers that the award of options linked to the performance of the company are critical to the incentivisation of its key staff and management and to ensure that there is alignment between management and shareholders,” it said.