This week: Angel flies, don’t be confused by Charaat, joining the dots at dotDigital and a hole new game for Polo?

Angel Biotechnology Hldgs (LON:ABH) (ABH 0.22p/£4.67m)

Further to the announcement issued by Reneuron Group (LON:RENE - 4.9p/£21.45m) today, Angel, the biopharmaceutical contract manufacturer, announced that the stem cells being used in the ReNeuron Phase I clinical trial for disabled stroke patients are being produced at Angel’s Edinburgh facility. The Company has been ReNeuron’s manufacturing partner for over three years and is producing the GMP grade ReN001 stem cell therapy for stroke under a previously announced contract. The ground breaking Phase I clinical trial is being conducted at the Southern General Hospital in Glasgow. Gordon Sherriff, Chief Operating Officer of Angel said: “Angel is very pleased to be manufacturing the ReN001 stem cell product for the clinical trial. This is a world first, an important landmark in the development of cellular therapies and a tribute to the dedication of the ReNeuron and Angel team.”

ReNeuron is a leading, UK-based stem cell therapy business. It is applying its novel stem cell platform technologies in the development of ground-breaking stem cell therapies to serve significant and unmet or poorly-met clinical needs. Angel is in the process of increasing its manufacturing capacity and is expanding its Business Development team. This is a direct response to the continuing demand for Angel’s products and to help capitalise on growth in the EU and US advanced biologics market. Given that most of 2010 budgeted business has been signed, as has a large proportion of the business budgeted for 2011, Angel is well worth a punt.

Baobab Resources Plc (LON:BAO) (BAO 11.75p/£18.75m)

BAO, an iron ore, base and precious metals explorer with a portfolio of mineral projects in Mozambique, has announced that drilling results to date are beginning to reveal the greater potential of its South Zone prospect. Following the release of results from the first three step-out, reverse circulation (RC) drill holes at South Zone in October, the Company has now released results for an additional five holes. Four of the five holes returned grades in excess of 30 per cent Fe, compared to a previous average grade estimate for the South Zone calculated at…

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