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ReNeuron Group PLC - Bridgend, Wales-based stem cell and exosomes technology company - Negotiates a supplemental terms agreement with Shanghai Fosun Pharmaceutical Group Co Ltd. Company says the agreement has the potential to generate revenue of up to £6 million.
The agreement relates to ReNeuron's stroke disability programme. ReNeuron expects to receive around £1 million over the next 24 months for the supply of CTX cell bank vials and services, with a further £5 million receivable over the medium to long term for continued provision of these vials.
Current stock price: 27.90 pence, up 0.5% in London on Friday
12-month change: down 74%
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