Proactive news snapshot: Hemogenyx, WideCells, Feedback, Synairgen …

A glance at some of the day's highlights from the Proactive Investors newswire

Your daily round-up from the world of Proactive

Orgenesis is to invest at least another US$1mln into Hemogenyx PLC (LON:HEMO) after the biopharmas entered into a second collaboration deal in as many days.

WideCells Group PLC’s (LON:WDC) stem cell healthcare insurance subsidiary, CellPlan, has signed a partnership agreement with international stem cell extraction and storage company, Smart Cells.

Feedback PLC (LON:FDBK), the specialist medical imaging technology company, has received a number of new significant orders for TexRAD technology. The orders for its patented image texture analysis technology have been placed by prestigious university hospitals across Europe, including the first orders from universities in Belgium and Portugal.

Synairgen plc (LON:SNG) has kicked off the second part of the phase II trial of its SNG001 drug – a cold and flu treatment for chronic obstructive pulmonary disease (COPD) sufferers.

Specialist bank PCF Group Plc (LON:PCF) posted a 50% increase in its lending portfolio for the year as it achieved record new business, mostly with prime credit grade customers. In a trading update for the year ended 30 September 2018, the AIM-listed company said its lending portfolio grew to about £219mln from £146mln last year, putting it on track to meet its target of £350mln by September 2020.

SIMEC Atlantis Energy Limited (LON:SAE) said the two turbines retrieved from its MeyGen tidal power project in July for maintenance are back online.

Remedial work by Echo Energy Plc (LON:ECHO) at the Cañadon Salto Field in the Fracción D licence in Argentina has seen a major boost to production. Pilot interventions were carried out on four wells, which boosted output to 115 barrels per day from 5 barrels

Victoria Oil & Gas plc (LON:VOG) increased sales by 11% in its latest quarter, though presidential elections in Cameroon have delayed the resumption of supplies to power company ENEO. Gross sales in the three months to September rose 11% at 356million cubic metres of gas or an average 3.72mln per day.

NetScientific PLC (LON:NSCI), the transatlantic healthcare IP commercialisation group, announced that its portfolio company Glycotest Inc. has successfully agreed to a US$10m Series A financing round with Shanghai Fosun Pharmaceutical Co., Ltd., a leading healthcare group based in China.

Kavango Resources PLC (LON:KAV) has acquired three new prospecting licences in Botswana. The acquisition follows completion of Phase 1 of the company’s airborne electromagnetic survey over the Kalahari Suture Zone project, which is prospective for nickel, copper and platinum group metals.

Tlou Energy Limited (LON:TLOU) has started drilling at Lesedi in Botswana to test gas flows in the area where a new coal bed methane-fired power station is planned. The first well, 'Lesedi 3P', is scheduled to drill down to a depth of 580m and should covert a significant portion of the currently established gas resources to the more certain reserves category and have potential to deliver gas to the proposed central processing facility and power station planned for nearby.

Red Rock Resources PLC (LON:RRR) has cleared away a major legal obstacle on its 1.2mln ounce Migori project in Kenya. A deal has now been reached with the Attorney General, and the company is free to apply for licences without prejudice.

Scotgold Resources Limited (LON:SGZ) said the decision notice relating to its planning application for the Cononish Gold and Silver Project was received by its subsidiary, SGZ Cononish Ltd from the Loch Lomond and the Trossachs National Park Planning Authority (NPA) on 19 October. In a separate statement on Monday, Scotgold also said that it was notified on 19 October 2018 that Nathaniel le Roux, its company’s non-executive chairman acquired 50,000 ordinary shares in the company at a price of 25p each on 18 October 2018.

Marketing network, The Marketing Group PLC (NASDAQ:TMG), has announced changes at blockchain technology firm, TRUTH, which is one of its incubator companies. The changes at TRUTH include a new CEO and plans to arrange additional funding.

Redx Pharma Plc (LON:REDX), the drug development company focused on cancer and fibrosis, has announced that the Company's poster, entitled 'ROCK2 inhibitors for the treatment of chronic kidney disease' will be presented at the American Society of Nephrology (ASN) Kidney Week 2018 in San Diego, CA, on 25 October 2018 from 10:00am to 12:00pm.

Vast Resources PLC (LON:VAST), the AIM-listed mining company with operating mines in Romania and Zimbabwe, said that it has been recognised as the winner of the 'Best Mining Development' category at the Balkan Enterprise Awards 2018 and featured in EU Business News magazine.

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