driver
- 30 Mar 2006 17:03
kimoldfield
- 09 Nov 2007 11:03
- 1093 of 1180
Where is PH these days?; gone very quiet! The latest from Eirx is 'not so good/not so bad'
EiRx Therapeutics PLC
08 November 2007
Notice of general meeting
Business update
The Company is today posting to shareholders a notice convening a general
meeting to be held at noon on 5th December 2007 at the offices of Shepherd and
Wedderburn LLP, Condor House, 10 St Paul's Churchyard, London EC4M 8AL, at which
shareholders will be asked to approve a reorganisation of the Company's share
capital including the division of each EiRx Therapeutics plc ordinary share of
0.2p each into one ordinary share of 0.001p and one deferred share of 0.199p and
the division of each unissued EiRx ordinary share of 0.2p into 200 ordinary
shares of 0.001p. Shareholders are also being asked to give the directors
additional authorities to issue shares for cash.
The Company currently generates limited revenue and needs to raise funds to
support its operations. It has been able to postpone a fundraising for longer
than anticipated through careful control of expenditure and greater than
anticipated grant income. The Company is also pleased to announce that it has
secured a bank overdraft facility of 200,000 that has been guaranteed by Peter
Hoskins. As part of these arrangements, a charge has been granted over the EiRx
group's assets. Even with the benefit of that facility, the Company will need
to raise additional funds by the end of January 2008 in order to continue
trading.
The resolutions are being proposed to enable EiRx to raise funds through a
placing of shares, for which it has received indications of interest, which it
is unable to undertake at present because the current market price of the
Company's shares is below their nominal value. Should the placing be
successful, the funds raised will provide working capital to enable the Company
to continue its drug development programme and its business development
activities. In this regard, the Company is pleased to be announcing today an
update of its drug discovery efforts, including details of new patents filed to
protect novel drug candidates discovered using its EnPAD(TM) cellular screening
technology platform.
The general meeting will be preceded by a technical briefing which will commence
at 10:30 a.m.
So, that was the maybe 'not so good'. Perhaps 'not so bad' is:-
Notable achievements in 2006/7 include:
Development of the EnPAD(TM) drug screening technology to enable
identification of compounds that specifically target cell survival
pathways.
Filing of patent applications on first series of potential anti-cancer
compounds identified using EnPAD(TM), which target the b-catenin signalling
pathway to selectively kill colorectal and breast cancer cells in vitro.
Collaborative research agreement with international diagnostics major
bioMerieux SA.
A total of 2.2M raised for research and development by issue of new
shares, comprising three placements of 1.2M, 0.5M and 0.5M on 31st March
2006, 21st September 2006 and 4th January 2007 respectively.
An R&D alliance with the Analytical & Biological Chemistry Research
Facility ('ABCRF') at University College Cork, to apply the medicinal
chemistry expertise of Professor Anita Maguire and her team to the
optimisation of potential new cancer drugs from EiRx's EnPAD(TM) discovery
platform.
A 362,000 grant from Enterprise Ireland's Innovation Partnership
programme, to support the collaborative drug development alliance with
Professor Maguire and the ABCRF.
For further information please see our website at
http://www.eirx.com
EiRx Therapeutics PLC said it has filed two new patent applications to protect novel drug candidates discovered using its EnPAD platform.
'EiRx's EnPAD technology has again uncovered novel and potently active small molecule drug candidates which are specifically targeting signal pathways know to become dysregulated in cancer cells,' Finbarr Murphy, managing director of EiRx's Cork research laboratory, said.
Maybe there is life in the old dog yet!
kimoldfield
- 09 Nov 2007 13:29
- 1095 of 1180
I'm still holding 2m Driver, decided a while ago to hang on 'til the end, or new beginning, whichever it may be!
halifax
- 09 Nov 2007 15:13
- 1096 of 1180
Perhaps the end of the beginning or more likely the beginning of the end!
kimoldfield
- 09 Nov 2007 15:39
- 1097 of 1180
Lol!
seawallwalker
- 09 Nov 2007 15:59
- 1098 of 1180
Where is spud nowadays?
smiler o
- 09 Nov 2007 19:59
- 1099 of 1180
Still Ramping on ADVFN !!
smiler o
- 14 Nov 2007 10:10
- 1100 of 1180
smiler o
- 05 Dec 2007 13:30
- 1101 of 1180
EiRx Therapeutics PLC
05 December 2007
EIRX THERAPEUTICS PLC ('the Company')
Result of general meeting
At the general meeting of the Company held earlier today, all resolutions were
passed.
Application has been made for the re-admission of the Company's ordinary shares
to trading on AIM as Ordinary Shares of 0.001p with trading under the new
designation expected to commence on 6 December 2007.
With effect from re-admission the Company will have 2,975,743,260 Ordinary
Shares of 0.0001p each in issue.
smiler o
- 05 Feb 2008 15:40
- 1102 of 1180
EiRx Therapeutics PLC
05 February 2008
EIRX THERAPEUTICS PLC ('EiRx' or 'the Company')
Update on funding
On 8 November 2007, the Company stated that it would need to raise additional
funds by the end of January 2008. The Company has managed its resources such
that it must now undertake a fundraising by 15 February 2008 if it is to
continue trading beyond that date although the Company is currently dependent on
the support of Billam AG and Peter Hoskins that may be withdrawn at any time.
Despite the current difficult market conditions, the Company is currently
attempting to complete a fundraising package with the support of a shareholder,
Billam AG which is intended to give the Company sufficient working capital to
last until the end of 2008. Should the Company fail to complete a fundraising by
15 February, it will be obliged to cease operations. The Company will make a
further announcement as soon as possible, and in any event no later than 15
February.
For further information, please contact:
POT HEAD !!!
700202
- 05 Feb 2008 15:48
- 1104 of 1180
NEWS ALERT
NICK LEESON SEEN IN MY BANK TRYING TO SELL MY 5M ERIX SHARES, BUT THEY RECOGNISED HIM !!! OH NO SORRY, MY MISTAKE, IT WAS THE SHARES NOT HIM THAT WAS THE PROBLEM
700202
- 05 Feb 2008 15:58
- 1105 of 1180
Driver, Dire, you obviously do not think they will get funding ?
I am still holding in one hand and a large brandy in the other one
kimoldfield
- 05 Feb 2008 16:02
- 1106 of 1180
Whatever happens, there is a maximum of 10 days trading this share before it goes tits up or survives to torment us until the end of the year; I think I prefer the latter!
smiler o
- 05 Feb 2008 16:04
- 1107 of 1180
me too !
700202
- 05 Feb 2008 16:16
- 1108 of 1180
MEEE TOOOO I,AM GETTING HALF PISSED NOW "HIC HIC" SO I DO NOT CARE MUCH
WEALTH WARNING SHARE DEALING CAN SERIOUSLY DAMAGE YOUR WEALTH
halifax
- 05 Feb 2008 16:24
- 1109 of 1180
GOING.... going..... g....
700202
- 05 Feb 2008 16:33
- 1110 of 1180
HALIFAX, HOW DO YOU KNOW I FELL OF THE BAR STALL, ARE YOU IN THIS PUB ?
halifax
- 05 Feb 2008 16:36
- 1111 of 1180
I'm lying here hoping you won't fall on me!