Irish-led firm expects sale of stake in Swedish rare minerals project in ‘near future’
Cathal Friel’s European Green Transition hopes sale will allow it focus on revenue generating opportunities in the green energy transition
Cathal Friel’s European Green Transition hopes sale will allow it focus on revenue generating opportunities in the green energy transition
Company says results may help it attract a partner for the project
Company says its primary operations, along with the majority of its employees and investor base, are based in the UK
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Cathal Friel shows no sign of slowing down after a busy week which saw him sell his remaining stake in Hvivo
Businessman oversaw the initial flotation in 2019 of clinical trials group that became Hvivo
Most recent acquisition makes managing director the company’s second-largest shareholder after founder Cathal Friel
Irish entrepreneur Cathal Friel orchestrated the flotation of company earlier this month
IPO is fifth put together by Irish serial entrepreneur Cathal Friel in past dozen years
Funding garnered from institutional investors and family offices
Friel orchestrated the IPO of Open Orphan in 2019 through the reverse takeover of Dublin-listed Venn Life Sciences
New and existing institutional investors indicated demand for shares was in excess of those available
Deal will see hVivo manufacture virus for use in human challenge studies
Largest individual investor understood to be an experienced life science investor
Shares in Open Orphan were up almost 5% in late morning trading in London
Company expects revenues from the contract to be recognised across 2022 and 2023
Cathal Friel to continue in executive chairman role under new management structure
Bavarian Nordic vaccine candidate used hVivo challenge trial to gather data
Open Orphan test shows shorter incubation period, effectiveness of lateral flow tests
Contract to study absorption, distribution, metabolism and excretion of drugs in body
Influenza could be a major global issue due to low immunity caused by reduced infection
Study is being carried out under asthma human challenge study model
Healthy volunteers are administered a pathogenic or virulent strain of virus
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Challenge study is providing valuable insight into biology of the virus, firm says
Company will use money from listing to meet costs for flu drug trials, develop assets
Company says reduction of capital will allow it to return value to its shareholders
Company says HVO-001 could be included as part of potential demerger
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Contract with US biotechnology company concerns a respiratory syncytial virus
Prophylactic spray could be used against Covid-19
Dublin-listed pharmaceutical services company says new deal will run for another year
Vaccine could be one of the first to provide long-term immunity from Covid-19
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