Fewer volatilities in the financial markets last week with the FTSE 100 increasing by 75 points to 5,961 and the AIM All Share staying broadly flat at just over 800 points. This week, the UK announced a fall in the rate of inflation to 3.4 per cent in February down from 3.6 per cent in January, whilst in the US new home building data dipped by 1.1 per cent between January and February and China announced a 6 per cent increase in the price of petrol. The week ahead see the Budget, public finances data, MPC minutes and retail sales data all being announced in the UK.
Angel Biotechnology (LON: ABH 0.22p/£7.28m)*
Angel is seeking to raise a £1m through a placing of shares at the same price as the placing that was announced on 22 December 2011 as one of the institutional investors was not in a position to invest at the time of the December 2011 placing and other institutional investors who supported the December 2011 placing have asked to provide follow-on investments. Angel is very well capitalised to take advantage of the opportunities that are presented to it.
Angle (LON:AGL) (LON: AGL 52.75p/£19.95m)
ANGLE, the technology commercialisation company, has reported that it has achieved another key milestone by confirming that its Parsortix cell separation device can capture colon cancer cells. The ability to capture colon cancer cells creates the possibility of developing an effective, non-invasive screening technique to enable the early diagnosis and monitoring of colorectal cancer. ANGLE has previously demonstrated that its Parsortix separation technology can capture cultured breast cancer, prostate cancer and lung cancer cells added to blood (spiked blood). This new validation is a further important step towards demonstrating that the Parsortix separation technology can capture any solid tumour cancers without the need for modification or dependence on cancer specific antibodies, unlike existing antibody affinity based technology.
Eden Research (OFEX:EDE) (LON: EDE 21.50p/£21.4m)
The agrochemical and encapsulation company announced an agreement with Phytalexin Limited, under which Phytalexin has exclusive rights to Eden's formulations and encapsulation technologies primarily for use as a head-lice product. Phytalexin is the Company that developed the technology behind the very successful Hedrin range of head-lice treatments, which…
