Any ideas anyone?

IXICO expands into digital healthcare

Portfolio company IXICO expands into digital healthcare

Imperial Innovations Group plc (AIM: IVO, "Innovations") portfolio company IXICO Limited, a medical imaging analysis company, is to be acquired by Phytopharm plc (AIM: PYM) in a proposed reverse takeover announced today. The enlarged Phytopharm group, to be renamed IXICO plc, will benefit from a strengthened balance sheet to grow its clinical trial services business and to bring new technology solutions to the diagnosis of dementia and other conditions. The newly-quoted IXICO plc will use the new ticker 'IXI'.

Innovations maintains its support for IXICO and as part of this transaction has purchased a small parcel of shares; following completion of this transaction it will hold a 11.518% shareholding in IXICO plc.

IXICO has established itself as a leading provider of medical imaging analysis services in the clinical trials market. It is expanding into the 'digital healthcare' space with products to support dementia diagnosis. Its vision is to build on its credibility internationally to position itself as a 'Brain Health Company' and to bring innovative technologies to those involved in researching and treating serious brain diseases enabling them to help patients more quickly.

Maina Bhaman, Director of Healthcare Ventures at Innovations, will be joining the IXICO plc board on completion.

Restoration - Phytopharm Plc

24/09/2013 7:30am

RESTORATION OF TRADING ON AIM

PHYTOPHARM PLC

The trading on AIM for the under-mentioned securities was temporarily suspended. The suspension is lifted from 24/09/2013 7:30am, the company having published an admission document.

Ordinary shares of 50p each, fully paid (BCLY7L4) (GB00BCLY7L40)

If you have any queries relating to the above, please contact the company's nominated adviser on 020 7418 8900.

DYOR - Odd that I can't see any mention of [PYM] in the Newsflow from AIM-listed [IVO].
. . . has someone forgotten to tell?



Oh deary PYM, rip

Shareholder Information

The current incarnation of PYM on the up.