Alan Green presents the investment case for ECR Minerals #ECR and Panther Metals #PALM on his weekly Stockbox Media Research talk
Alan Green presents the investment case for ECR Minerals #ECR and Panther Metals #PALM on his weekly Stockbox Media Research talk
Power Metal Resources #POW – Marketing and Communications Update
Power Metal Resources PLC (LON:POW) the AIM listed metals exploration and development company is pleased to announce a marketing and communications update for shareholders.
New Corporate Presentation
Power Metal Resources has developed a new corporate presentation and this may be viewed through the following link:
https://www.powermetalresources.com/p/193/presentations
New Corporate Website
The Company is close to finalising its new website and a further update will be provided when the new site has been uploaded.
Shares Magazine Investor Evening
The Company’s Chief Executive Officer Paul Johnson will be delivering a presentation and answering investor questions at the forthcoming Shares Magazine Investor Evening on 15 December 2020 (starting at 6pm). Investors wishing to attend this online event may register through the following link:
https://www.sharesmagazine.co.uk/events/event/shares-investor-evening–webinar-151220
Company Q&A
Power Metal Resources has received numerous investor queries recently and we are pleased with the increasing interest shown in our activities. Recognising the importance of responding to enquiries and to do so in an efficient manner given the volume of operational work pressures, Power Metal will be undertaking a written Q&A.
Should investors wish to ask any further questions please email info@powermetalresources.com by 5pm tomorrow Saturday 28 November 2020.
We will collate questions and publish a Q&A with written responses by non-regulatory announcement on Monday 30 November 2020.
For further information please visit https://www.powermetalresources.com/ or contact:
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Power Metal Resources plc |
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Paul Johnson (Chief Executive Officer) |
+44 (0) 7766 465 617 |
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SP Angel Corporate Finance (Nomad and Joint Broker) |
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Ewan Leggat/Charlie Bouverat |
+44 (0) 20 3470 0470 |
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SI Capital Limited (Joint Broker) |
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Nick Emerson |
+44 (0) 1483 413 500 |
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First Equity Limited (Joint Broker) |
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David Cockbill/Jason Robertson |
+44 (0) 20 7330 1883 |
Notes to Editors:
Power Metal Resources plc (LON:POW) is an AIM listed metals exploration and development company seeking a large scale metal discovery.
The Company has a global portfolio of project interests including precious metal exploration in North America and Australia together with base metal exploration in Africa. Project interests range from early stage greenfield exploration to later stage prospects currently subject to drill programmes.
The Board and its team of advisors have expertise in project generation, exploration and development and have identified an opportunity to utilise the Company’s position to become a leader in the London market for investors wishing to gain exposure to proactive global metals exploration.
Blencowe Resources #BRES – JORC Resource Update
The Company is pleased to provide an update on progress of the Orom-Cross Graphite Project JORC Resource program.
Highlights
- Maiden Resource to be reported in early Q1 2021
- Leading graphite specialists SGS Lakefield undertaking phase two metallurgical work on track to deliver results in Q1 2021
- Metallurgical work to define the end product concentrate and allow more detailed discussions with potential off-takers and industrial customers
Following completion of the 69 hole (1,950m) diamond drill programme into the Eastern Limb Lode and the High-Grade Camp Lode in September, logging of core was completed in October and sample preparation have now been completed at a JORC-accredited lab in Tanzania. The Company intends to deliver a maiden JORC Resource for Orom-Cross in early Q1 of 2021.
Preparation of 1,900 samples has been completed at SGS in Tanzania for both grade assaying and metallurgical testing. Samples have now been dispatched from Tanzania to SGS laboratories in South Africa for assaying of the relevant elements as well as moisture and Specific Gravity determinations. Once completed this data will be submitted to Minrom Geological Consultants to complete the JORC Resource modelling.
The Board anticipate that the maiden JORC Resource will only represent a small percentage of the overall Orom Cross deposit and give sufficient confidence for a minimum of 10 years mine life on which to deliver a feasibility study. Blencowe intends to incorporate these results to present a Feasibility Study in 2021, which will deliver first commercial outcomes for the project and map out first production.
In parallel to this work, separate samples are being dispatched to SGS Lakefield in Canada for Phase Two metallurgical testing, using the services of one the leading graphite specialists worldwide. SGS Lakefield have delivered met test work on a significant number of major graphite projects in the past and their expertise will be critical ahead. Their work will identify the end product concentrate at Orom-Cross and provide Blencowe with the process flow models and initial plant and processing stream(s) to deliver final product. This work stream is particularly important for us to progress interest with industrial groups that have established an interest in the Orom Cross graphite product. Following the metallurgical studies we are better positioned to enter into more detailed conversations with potential off-takers and industrial customers.
Executive Chairman, Cameron Pearce, commented;
“The continued growth of electric vehicle (EV) transport continues to accelerate particularly with the recent announcement by the UK Government to remove petrol and diesel cars from 2030. All EVs are currently powered by lithium-ion batteries of which flake graphite forms over 50% of Li-ion battery, therefore, the graphite demand curve is expected to surge over the next decade. We continue to register notable interest for the Orom Cross graphite product and look forward to delivering the metallurgical test work so that we can progress commercial discussions with these industrial groups and progress the feasibility work to underpin a robust project.”
For further information please contact:
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Blencowe Resources Plc Sam Quinn (UK Director)
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www.blencoweresourcesplc.com Tel: +44 (0)1624 681 250 info@blencoweresourcesplc.com |
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Brandon Hill Capital Limited Jonathan Evans (Corporate Finance) |
Tel: +44 (0)20 3463 5000 jonathan.evans@brandonhillcapital.com |
Background
Orom-Cross is a potential world class graphite project both by size and end-product quality, with a high component of larger flakes identified from previous work performed. A 21-year Mining Licence was issued by the Ugandan Government in 2019 following extensive historical work on the deposit.
Orom-Cross presents as a large, shallow open pitable deposit, with an estimated resource in excess of 3 billion tonnes of graphite. Development of the resource is expected to benefit from a low strip ratio and free dig operations, thereby ensuring lower operating and capital costs.
Power Metal Resources #POW – Director Dealings
Power Metal Resources plc (LON:POW) the AIM listed metals exploration and development company was notified that today Paul Johnson, Chief Executive Officer of the Company, purchased on market 1,000,000 ordinary shares of 0.1 pence each in the Company at a price of 1.78p per Ordinary Share through his Self-Invested Personal Pension (“SIPP”) (£17,800 invested).
Following the above purchase Mr Johnson has a beneficial interest in a total of 61,500,000 Ordinary Shares, representing approximately 7.12% of the issued share capital of the Company.
PDMR Disclosure
The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail on the director’s share dealing.
View TR1 here
Power Metal Resources plc was also notified today of the following Director Dealings.
Paul Johnson, Chief Executive Officer of the Company, today transferred 6,250,000 ordinary shares of 0.1 pence each in the Company to his wife Michelle Louise Johnson, at nil consideration.
Following the above inter-spousal transfer Mr Johnson’s beneficial interest in the Company is unchanged at a total of 61,500,000 Ordinary Shares, representing approximately 7.12% of the issued share capital of the Company.
Andrew Bell, Chairman of the Company, today transferred 4,210,526 ordinary shares of 0.1 pence each in the Company to his wife Margaret Stephanie Bell, at nil consideration.
Following the above inter-spousal transfer Mr Bell’s beneficial interest in the Company is unchanged at a total of 22,282,403 Ordinary Shares, representing approximately 2.58% of the issued share capital of the Company.
View TR1’s here
**Ends**
Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.
For further information please visit https://www.powermetalresources.com/ or contact:
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Power Metal Resources plc |
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Paul Johnson (Chief Executive Officer) |
+44 (0) 7766 465 617 |
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SP Angel Corporate Finance (Nomad and Joint Broker) |
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Ewan Leggat/Charlie Bouverat |
+44 (0) 20 3470 0470 |
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SI Capital Limited (Joint Broker) |
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Nick Emerson |
+44 (0) 1483 413 500 |
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First Equity Limited (Joint Broker) |
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David Cockbill/Jason Robertson |
+44 (0) 20 7330 1883 |
Notes to Editors:
Power Metal Resources plc (LON:POW) is an AIM listed metals exploration and development company seeking a large scale metal discovery.
The Company has a global portfolio of project interests including precious metals exploration in North America and Australia together with base metal exploration in Africa. Project interests range from early stage greenfield exploration to later stage prospects currently subject to drill programmes.
The Board and its team of advisors have expertise in project generation, exploration and development and have identified an opportunity to utilise the Company’s position to become a leader in the London market for investors wishing to gain exposure to proactive global metals exploration.
Blencowe Resources #BRES – Block Listing Application & Issue of Equity
The Company provides notification that an application has been made to the FCA and the London Stock Exchange for a block listing totalling 7,500,000 ordinary shares of 0.5 pence each to be admitted to the Official List and to trading on the London Stock Exchange.
Up to 7,500,000 ordinary shares will be issued from time to time to satisfy the exercise of a portion of the outstanding equity warrants in the Company. When issued, these ordinary shares shall rank pari passu in all respects with the existing issued ordinary shares of the Company.
It is expected that admission of the Block Listing Shares will become effective on 2 December 2020. Following the admission, the exercise of equity warrants will be covered by a block listing. The Company will provide updates regarding the total number of shares in issue and the number of warrants outstanding at the end of each six month period and at such other times as required by the Listing Rules.
Also, the Company announces that a project contractor has elected to be paid in shares, rather than cash, in lieu of fees payable. Accordingly, the Company will issue a total of 1,540,984 new ordinary shares in the Company at a price of 6.1p per share (being the closing price as at 24 November 2020). An application has been made for the Contractor Shares to be admitted to trading on the London Stock Exchange with effect from 8.00 a.m. on 2 December 2020.
In accordance with the FCA’s Disclosure Guidance and Transparency Rules, the Company confirms that following the issue of the Contractor Shares, the Company’s enlarged issued ordinary share capital will comprise 104,964,116 Ordinary Shares. The Company does not hold any Ordinary Shares in Treasury. Therefore, following Admission, the above figure may be used by shareholders in the Company as the denominator for the calculations to determine if they are required to notify their interest in, or a change to their interest in the Company, under the FCA’s Disclosure Guidance and Transparency Rules.
For further information please contact:
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Blencowe Resources Plc Sam Quinn (London Director)
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www.blencoweresourcesplc.com Tel: +44 (0)1624 681 250 info@blencoweresourcesplc.com |
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Brandon Hill Capital Limited Jonathan Evans (Corporate Finance) |
Tel: +44 (0)20 3463 5000 jonathan.evans@brandonhillcapital.com |
Background
Orom-Cross is a potential world class graphite project both by size and end-product quality, with a high component of larger flakes identified from previous work performed. A 21-year Mining Licence was issued by the Ugandan Government in 2019 following extensive historical work on the deposit.
Orom-Cross presents as a large, shallow open pitable deposit, with an estimated resource in excess of 3 billion tonnes of graphite. Development of the resource is expected to benefit from a low strip ratio and free dig operations, thereby ensuring lower operating and capital costs.
The Sun – COVID-19: UK scientists to infect volunteers with coronavirus in world first vaccine trial
Would you lock yourself in a room for two weeks after being infected with COVID-19? Chris Holdsworth did, and he hopes that come January that’s exactly what he’ll be doing. Chris has volunteered to be a guinea pig for a world-first study that could take place in the UK in January. It’s called a Human Challenge Trial, and it involves shutting healthy volunteers in an isolation unit like this one and deliberately infecting them with coronavirus. The Sun went inside a Human Challenge Trial isolation unit to find out more. Thanks to https://www.1daysooner.org/
Money Guide interview ECR Minerals #ECR CEO Craig Brown
ECR Minerals #ECR CEO Craig Brown is interviewed by Money Guide. In the interview Craig discusses:
- ECR now owns its own diamond drilling rig that can drill as deep as 1300 metres.
- Tambo Gold Project, easy access, low costs. Principal geologist and Bruthen local boy Dr Rod Boucher is currently out conducting fieldwork
- There are currently two parties interested in the Creswick project. One party is undertaking due diligence, although as Craig explains the progress has been hampered by the Victoria lockdown quarantine measures.
- Drilling will shortly commence at the Bailieston project. This is located close to the Fosterville Gold mine, which has v low operating costs, producing 500,000oz a year and is ‘printing money’. Craig says that some ‘big players’ have moved into the region recently, and one is interested in Bailieston (HR3, Blue Moon, Cherry Tree).
- ECR is very undervalued vs. peers – Craig looks at Fosterville South (TSX-FSX), which acquired ECR’s Avoca, Timor & Moormbool licenses earlier this year. The company currently has a value some 12 times that of ECR, and while the Golden Mountain project is progressing, Craig argues that ECR has ‘better projects’.
Power Metal Resources #POW – Silver Peak Exploration Update
Power Metal Resources plc (LON:POW) the AIM listed metals exploration and development company is pleased to announce an exploration update from the Silver Peak silver project in British Columbia, Canada.
CHIEF EXECUTIVE OFFICER’S STATEMENT
Paul Johnson Chief Executive Officer of Power Metal Resources plc commented:
“In what continues to be a highly active period at Power Metal Resources, I am pleased to announce the safe completion of a revised drill and sampling programme at the Silver Peak Project notwithstanding very challenging operating conditions as described below.
Our summer due diligence review at Silver Peak clearly highlighted the Project’s potential, as validated by bonanza grade silver (including channel samples yielding up to 14,937 g/t Ag) and significant copper and lead we identified from our summer due diligence channel sampling programme.
We wanted to follow up expeditiously with further work before the weather window closed, gathering additional information to aid preparation for the Project’s next stage of development. To do this we have worked closely with our partners to adapt very rapidly to changeable weather forecasts.
I would like to thank the exploration team for persevering despite the stormy conditions, followed up by snowfall, the heaviness of the latter bringing the work programme to an early conclusion.
The additional work undertaken by the team has added to our geological understanding of the silver mineralisation and we have secured samples which have now been delivered to the laboratory for assay testing.
Given the highly positive project data, reinforced by exploration to date, we are working closely with our partners to determine next steps for Silver Peak, from both exploration and corporate perspectives. There is palpable demand for high grade silver projects in the market at present.”
SUMMARY OF REVISED DRILL AND SAMPLING PROGRAMME
- The team undertook a rock chip sampling programme at the Project and despite challenging weather conditions completed six diamond drill holes utilising man-portable drilling equipment to an average depth of 12 feet per hole.
- Forecast heavy snowfall, resulted in an early cessation of the programme and the team safely left the site, with all equipment and samples collected, before the snows fell.
- In total 10 diamond core samples were prepared for testing from the 6 holes drilled and 11 rock chip samples have been prepared from the field work and all samples have been delivered to ALS laboratory in North Vancouver, British Columbia for assay testing.
- During the programme vital information was collated on the nature of the bifurcating vein system across different levels of the system. This information will be utilised to develop future project exploration programmes.
EVENTS LEADING INTO THE REVISED PROGRAMME
- On 22 October 2020 Power Metal announced the signing of the drilling contract for an initial 500m confirmatory diamond core drill programme to test the Victoria Vein at the Silver Peak Project. The Project includes the Eureka-Victoria Silver Mine, the first Crown-granted mineral property in British Columbia.
- On 30 October 2020 Power Metal announced that the drilling contractor had mobilised the drilling rig, bulldozer and ancillary equipment from northern British Columbia to the local town of Hope where the Silver Peak Project is based and then the planned movement of the drilling rig and support equipment from Hope up the valley, on the upgraded access, to the project and the first drilling pad.
- The mobilisation was attempted but the area had experienced significant poor weather which caused a degradation in conditions at the project and limited access to the property. Some of the impacts were dealt with, including the removal of fallen trees, however given the size of the rig and supporting equipment and the conditions encountered it was not considered safe to proceed with the original plan of moving the larger rig up onto the drilling pad.
- As announced on 10 November 2020 rather than not proceeding and delaying the drill programme entirely Power Metal’s local partners secured smaller man-portable drill equipment and this, together with associated support equipment was installed at the Project and the team commenced drilling.
- The local team were aiming to drill test at least twenty vein intersections, with hole depths of circa 6m/20 feet (120m of drilling overall) in a 6 to 8-day programme dependent particularly on weather conditions in the Project area.
- Given the depreciation in local weather, conditions for drilling worsened, and 6 holes were completed to around 60% of planned depth. Working time on-site was reallocated to the collection of rock chip samples from accessible veins and assessment of the property to gather additional geological information.
- The team safely left the site due to a forecast of heavy snowfall, with all equipment and rock samples. The site was subsequently covered in significant snow.
PROJECT BACKGROUND AND EARLIER DUE DILIGENCE PROGRAMME FINDINGS
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Background |
On 14 September 2020 the Company announced the exercise of an option agreement announced 17 August 2020 (the “Option Agreement”) in respect of the Silver Peak Project, gaining the right to earn-in to a 30% interest in the Project. Prior to option exercise the Company undertook a due diligence exploration programme including sampling at the Project to gather further information and to assist the Company in its assessment of project prospectivity and potential. The assay results from the due diligence channel sampling were reported on the 22 September 2020 and are set out in Table 1 below: Table 1: Summary of assay results for samples taken during Power Metal Due Diligence sampling on Victoria Vein, Silver Peak Project
* Cu and Pb results rounded to two decimal places. # Two over limit silver samples were analysed >10,000 ppm Ag by method Ag-GRA22 were reanalysed using method Ag-CON01. |
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Project Overview |
The Silver Peak Project consists of a portfolio of mineral claims (the “claims”) over a system of high grade, intrusion related, polymetallic Ag-Pb-Zn-Cu veins, part of the historical Eureka-Victoria Silver Mine, at Silver Peak in southern British Columbia, Canada. |
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Earlier Due Diligence Exploration Programme |
The due diligence work programme previously conducted by Power Metal included various elements including channel sampling at close intervals perpendicular to the existing known high-grade veins and grab samples from a main target area between the lower elevations and the Victoria Adit.
The work also included enhancement of road accessibility to the exploration area, and the collation of detailed photographic and video evidence of the project area for cross referencing to existing project technical information.
A portable X-ray fluorescence analyser (“pXRF”) was utilised to provide in-field, geochemical analyses, in conjunction with confirmatory laboratory assay testing where appropriate.
The due diligence work programme cost totalled C$25,000 (£14,512) and the amount expended will be deducted from Power Metal’s 12 month Project exploration spend commitment of C$250,000.
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COMPETENT PERSON STATEMENT
The technical information contained in this disclosure has been read and approved by Mr Nick O’Reilly (MSc, DIC, MIMMM, MAusIMM, FGS), who is a qualified geologist and acts as the Competent Person under the AIM Rules – Note for Mining and Oil & Gas Companies. Mr O’Reilly is a Principal consultant working for Mining Analyst Consulting Ltd which has been retained by Power Metal Resources PLC to provide technical support.
The information contained within this announcement is considered to be inside information prior to its release, as defined in Article 7 of the Market Abuse Regulation No.596/2014 and is disclosed in accordance with the Company’s obligations under Article 17 of those Regulations.
For further information please visit https://www.powermetalresources.com/ or contact:
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Power Metal Resources plc |
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Paul Johnson (Chief Executive Officer) |
+44 (0) 7766 465 617 |
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SP Angel Corporate Finance (Nomad and Joint Broker) |
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Ewan Leggat/Charlie Bouverat |
+44 (0) 20 3470 0470 |
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SI Capital Limited (Joint Broker) |
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Nick Emerson |
+44 (0) 1483 413 500 |
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First Equity Limited (Joint Broker) |
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David Cockbill/Jason Robertson |
+44 (0) 20 7330 1883 |
Notes to Editors:
Power Metal Resources plc (LON:POW) is an AIM listed metals exploration and development company seeking a large scale metal discovery.
The Company has a global portfolio of project interests including precious metal exploration in North America and Australia together with base metal exploration in Africa. Project interests range from early stage greenfield exploration to later stage prospects currently subject to drill programmes.
The Board and its team of advisors have expertise in project generation, exploration and development and have identified an opportunity to utilise the Company’s position to become a leader in the London market for investors wishing to gain exposure to proactive global metals exploration.
Open Orphan #ORPH – Directors Change
Open Orphan plc (ORPH), a rapidly growing specialist CRO pharmaceutical services company which is the world leader in the testing of vaccines and antivirals using human challenge clinical trials is pleased to announce the appointment of Elaine Sullivan as a Non-Executive Director to the Board of Open Orphan.
Elaine is a business leader and senior scientist with international experience in the pharmaceutical industry and Biotech and is the CEO of Curadh Pharmaceuticals. Elaine has an in-depth background and knowledge of virology having received a PhD from the University of Edinburgh in Molecular Virology. She has been a member of the most senior R&D management teams in Lilly and AstraZeneca. Elaine also has extensive start-up experience having been a founder of Carrick Therapeutics and helped to raise over €100m of investor funds as CEO of Carrick in recent years. Elaine is a Non-Executive Director at IP Group plc and Active Biotech AB and is a member of the Supervisory Board at Evotec which is listed on the Frankfurt Stock Exchange.
The Company also announces that Mark Warne, Non-Executive Director, will be stepping down from the Board of Open Orphan on the 31st of December. Mark had been on the Board of hVIVO plc prior to its acquisition by Open Orphan and assisted with the integration of hVIVO with the Open Orphan group.
Cathal Friel, Executive Chairman, Open Orphan, said:
“We are delighted to announce the appointment of Elaine to the Open Orphan board. Her level of expertise in virology alongside her exceptional career in the industry will be an excellent addition to the Company. We look forward to working closely with Elaine who brings with her a wealth of knowledge and experience and will be invaluable addition to the Company as we now grow Open Orphan substantially in its next phase of rapid development.”
“We would like to thank Mark Warne for his service to the Company and for remaining on the Board to allow for a smooth integration of the companies during the transition period following the acquisition of hVIVO.”
Elaine Sullivan, Incoming Non-Executive Director, Open Orphan, said:
“I am delighted to join the board of Open Orphan. I have been impressed by the outstanding
progress that Cathal Friel, the Board and the team have made in such a short time. I look forward to working with them in the next stage of the evolution of Open Orphan.”
For further information please contact
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Open Orphan plc |
+353 (0)1 644 0007 |
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Cathal Friel, Executive Chairman |
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Arden Partners plc (Nominated Adviser and Joint Broker) |
+44 (0)20 7614 5900 |
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John Llewellyn-Lloyd / Benjamin Cryer / Dan Gee-Summons |
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finnCap plc (Joint Broker) |
+44 (0) 20 7220 500 |
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Geoff Nash / James Thompson/ Richard Chambers |
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Davy (Euronext Growth Adviser and Joint Broker) |
+353 (0)1 679 6363 |
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Anthony Farrell |
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Camarco (Financial PR) |
+44 (0)20 3757 4980 |
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Tom Huddart / Hugo Liddy |
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Full Name: Elaine Sullivan (née McGlynn)
Age: 59
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Current directorships / partnerships |
Directorships / partnerships within the last five years |
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Active Biotech AB |
Carrick Therapeutics UK Limited |
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Curadh Pharmaceuticals Limited |
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Evotec AG |
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IP Group plc Dargle Therapeutics Limited
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Elaine Sullivan does not hold any shares or options over shares in the Company.
There is no further information to be disclosed in relation to Elaine Sullivan’s appointment pursuant to AIM Rule 17, paragraph (g) of Schedule Two of the AIM Rules for Companies or Rule 5.22 (b), Schedule 2 paragraph (g) of Chapter 5: Additional Rules for the Euronext Growth Market operated by Euronext Dublin.
Notes to Editors – Open Orphan:
Open Orphan is a rapidly growing niche CRO pharmaceutical services company which is the world leader in the testing of vaccines and antivirals through the use of human challenge clinical trials. Conducted from Europe’s only 24-bedroom quarantine clinic with onsite virology providing individually isolated rooms and connected to our specialist laboratory facility. hVIVO’s challenge studies require healthy volunteers to take part, volunteers are recruited through FluCamp, learn more at www.FluCamp.com . The hVIVO facility offers highly specialised virology and immunology laboratory services to support pre-clinical and clinical respiratory drug, antiviral, and vaccine discovery and development. Reliable laboratory analysis underpinned by scientific expertise is essential when processing and analysing clinical samples. Robust quality processes support our team of scientists in the delivery of submission ready data.
The Company has a leading portfolio of 8 viral challenge study models which are: 2 FLU, 2 RSV, 1 HRV, 1 Asthma, 1 cough and 1 COPD viral challenge models. As announced in early March, Open Orphan is rapidly advancing a number of Coronavirus challenge study models and expects to be helping many COVID-19 vaccine development companies to test their vaccines. No other company in the world has such a portfolio, with only two competitors globally having 1 challenge study model each. hVIVO also works with companies in the UK and Ireland to provide COVID-19 testing to staff to protect staff and customers from a workplace COVID-19 outbreak through its COVID Clear offering.
Open Orphan comprises of two commercial specialist CRO services businesses, hVIVO and Venn Life Sciences and is also building out a valuable data platform business. hVIVO has built up one of the world’s largest databases of infectious disease progression data and we are populating our Open Orphan Health Data platform with this historical hVIVO data. In our clinical trials going forward, we are also planning to collect data on volunteer’s via wearables during clinical trials. Therefore, Open Orphan’s data, which may yield valuable digital biomarkers, could be one of the more sought-after datasets by many of the large wearables /smart watch wearables providers around the world. In June 2019, Open Orphan acquired AIM-listed Venn Life Sciences Holdings plc in a reverse take-over and in January 2020 it completed the merger with hVIVO plc in January 2020. Venn is an integrated drug development consultancy firm which offers CMC (chemistry, manufacturing and controls), preclinical, Phase I & II clinical trials design and execution. The merger with hVIVO created a European full pharma services company broadening the Company’s customer base and with complementary specialist CRO services, widened the range of the Company’s service offerings.
