Day: March 21, 2024

–News Direct– BenevolentAI (OTC:BAIVF) CEO Dr Joerg Moeller outlines the company's operational and corporate milestones for 2023, categorising achievements into five key areas: clinic operations, proprietary pipeline progress, platform enhancement, organisational growth, and financial management. Moeller noted that BAI secured a significant deal with Merck KGaA worth up to $594 million for developing three clinical drug candidates in immunology and oncology. Collaborations with AstraZeneca have also advanced, focusing on target selection for diseases such as systemic lupus. Progress was noted in Benevolent AI's proprietary pipeline, especially with a lead asset in ulcerative colitis expected to deliver Phase 1a study data. Additionally, advancements in glioblastoma trea...

–News Direct– Tissue Regenix Group PLC (AIM:TRX) CEO Danny Lee and CFO David Cocke discussed the company's 2023 operational and financial performance in an interview with Proactive's Stephen Gunnion. Tissue Regenix is a global leader in regenerative medicine, focusing on tissue-based scaffold technologies derived from both human and animal tissues. These technologies are critical for regenerative therapies, enhancing the body's natural healing processes across various surgical fields, including orthopaedics, sports medicine, general surgery, urogynecology, and ophthalmology. For the first time, the group reported a positive EBITDA, attributed to a 20% increase in sales revenue, reaching 29.5 million. Growth was primarily driven by the BioRinse and DermaPure divis...

–News Direct– Mako Gold Ltd (ASX:MKG) managing director Peter Ledwidge joins Proactive's Stephen Gunnion with promising initial results from an IP geophysics survey conducted on the Ouangolodougou Permit at the Korhogo Project in Cte d'Ivoire. The survey, encompassing 1.4 square kilometres with an additional line extending from it, aimed to test the effectiveness of the IP survey method in identifying manganese mineralisation. The decision for the survey was based on extensive mapping, rock chip sampling, and some drilling already undertaken. The survey successfully identified manganese both at the surface and subsurface, confirming the IP survey as a valid tool for identifying subsurface manganese mineralisation in areas with limited outcrop visibility. This discovery ...

–News Direct– Coinsilium Group Limited (AQSE:COIN, OTCQB:CINGF) Eddy Travia provides an update on Byzance, a Web3 social network ecosystem project, in an interview with Proactive's Stephen Gunnion. Travia explained that Web3 represents the next stage of the internet, aiming to decentralise social media, offering users control over their content and private data, differing from the centralised nature of current Web2 platforms. Byzant focuses on enhancing user control and monetisation methods for content creators. Travia said Coinsilium is collaboratively actively with portfolio company Indorse, a blockchain technology studio, and A-ADS, a pioneering crypto advertising network, to address the challenges of Web2 and transition to Web3. The project includes Adbazaar, a platform con...

–News Direct– NetScientific PLC (AIM:NSCI) CEO Dr Ilian Iliev discusses the substantial progress made in achieving its strategic objectives for 2023, despite facing challenging market conditions. Iliev told Proactive's Stephen Gunnion the company, a listed deep tech investor, has capitalized on the growing interest in the deep tech sector, including industrial sustainability, AI, and medtech, maintaining the stability and marginal growth of its privately held portfolio's fair value while expanding its businesses and capital under advisory. NetScientific has focused on generating operating income through corporate finance and value creation services, covering significant portions of its operating costs and achieving sustainability without market placements. Significant a...

–News Direct– MP Evans Group PLC (AIM:MPE) CEO Matthew Coulson discusses the company's 2023 achievements and future outlook in an interview with Proactive's Stephen Gunnion. In 2023, MP Evans notably increased its planted area by over 10,000 hectares and inaugurated its sixth mill at the Musi Rawas plantation, enhancing production capabilities significantly. It surpassed its initial planting target at Musi Rawas, reaching 10,300 hectares, with aspirations to expand to 11,000 hectares in 2024. MP Evans also opened its sixth mill, contributing to a more than 22% increase in production from its own mills with 95% of the company's crop now processed in-house. Despite reduced crude palm oil prices affecting revenue, Coulson noted that MP Evans maintained strong cash ...

–News Direct– Versarien PLC (AIM:VRS, OTC:VRSRF) CEO Stephen Hodge speaks to Proactive's Stephen Gunnion about the significant steps the company has taken to refine its business strategy and focus on its core technologies and intellectual properties (IP). In a notable move, the company has sold its Korean assets, including equipment and IP related to graphene manufacturing by chemical vapour deposition (CVD), to MCK Tech, a South Korean graphene company. This sale, valued at approximately 604,000, includes the equipment and exclusive licensing of five patents to MCK Tech, alongside future royalties. Hodge emphasized the company's shift towards a manufacturing-light operation, seeking to monetize its developed IP and know-how by collaborating with strategic partners globa...

–News Direct– HANetf founder and co-CEO Hector McNeil tells Proactive's Stephen Gunnion about shifting trends in the exchange-traded fund (ETF) market in the United States, indicating a big move towards active management within ETFs. Despite the European market lagging behind the US by three to five years, with a significant gap in market size$2 trillion in Europe versus $8 trillion in the USthere is a notable increase in the proportion of active ETFs. In the US, approximately 75% of new ETFs are active, issued by major firms and new players like Ark's Cathy Wood, marking a significant growth area. This shift towards active ETFs is also reflected in the flow of investments, with active ETFs accounting for 25% of the flows over the last 18 months. McNeil highlighted the ...

–News Direct– Immunic Inc CEO Dr Daniel Vitt joins Proactive's Stephen Gunnion with news the company has received a Notice of Allowance from the US Patent and Trademark Office for a new patent application, marking a significant step in the company's intellectual property (IP) strategy. This latest patent is distinct from two others granted last year, focusing on the composition of matter protecting a specific polymorph of vidofludimus calcium. The company aims to ensure broad protection and exclusivity for vidofludimus calcium, especially as it approaches the final development stage. Vitt highlighted Immunic's global patent strategy, aiming to cover all important territories and build multiple protection layers around their inventions. The strategy includes secu...

–News Direct– Awale Resources Ltd (TSX-V:ARIC) CEO Andrew Chubb shares positive assay results from follow-up drilling at the new gold-copper discovery at the BBM Target within the Odienn Project in Cte d'Ivoire with Proactive's Stephen Gunnion. Initially discovered in January with four initial drill holes spaced 500 metres apart, subsequent drilling improved results, tracking down a plunge with broader intercepts. The most notable result was 75 metres at 2.4 grams per tonne equivalent, among other similarly promising findings. The company now plans to pursue further drilling to explore the shear zone-hosted target's potential, aiming to scope out grade and geology continuity in preparation for resource drilling later in the year at BBM, as well as the Charger and ...