Oxford Cannabinoid Technologies Holdings PLC Clarissa Sowemimo-Coker tells Proactive's Stephen Gunnion that Medicines and Healthcare products Regulatory Agency (MHRA) approval of a phase 1 trial for its lead pain relief drug candidate, OCT461201, is a significant milestone for the company.

Sowemimo-Coker said recruitment for the trial has already begun, with completion expected in the third quarter of 2023.

The drug targets chemotherapy-induced peripheral neuropathy (CIPN) and has the potential for other indications like irritable bowel syndrome (IBS) and other neuropathy. The phase 1 trial focuses on safety and will pave the way for phase 2 trials in other indications, she added.

#ProactiveInvestors #OxfordCannabinoidTechnologies #PainReliefDrug #PhaseOneTrial #MHRAApproval #OTT46 #CIPN #NeuropathyTreatment #MedicalResearch #HealthcareInnovation #BiotechStartup #ClinicalTrials #DrugDevelopment #CannabisMedicine #InnovationInHealthcare #MedicalBreakthrough #HealthTech #OCTHoldings #CannabinoidTherapy #NeurologicalDisorders #CancerTreatment #HealthNews #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

The FTSE 100 opened higher on Thursday following a rally across the Atlantic fuelled by optimism that a deal could be struck to prevent a US government default in June.

Both BT and Royal Mail owner International Distributions Services suffered this morning though, with each plummeting on signs of struggle.

BT Group spiralled nearly 9% after announcing up to 55,000 jobs, or 42% of its workforce, would be cut by 2030, after pre-tax profit slipped 12% in 2022.

IDS posted a £1.04bn loss meanwhile after months of strike action took their toll on the courier.

Burberry marked a more positive start to the day, reporting a 21% rise in operating profit for the year thanks to strong fourth-quarter trading driven by easing restrictions in China.

easyJet also hinted to good times ahead, noting bookings were beginning to return to normalised levels as half-year losses eased compared to 2022.

And with the small caps, ImmuPharma shares soared after it confirmed significant progress had been made on its late-stage clinical programme for treating CIDP.

#ProactiveInvestors #marketreport #BT #invest #RoyalMail #IDS #Burberry #easyjet #ImmuPharma #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

Talon Energy Ltd (ASX:TPD) CEO Colby Hauser tells Proactive the company and its joint venture partner Strike Energy Limited have inked a condensate processing and liquids aggregation agreement with Australian oil and gas giant Santos Limited. The two companies will process and sell condensate produced from the Walyering gas fields in Western Australia. Strike estimates the by-product will reach a breakeven price of US$45-60 per barrel, providing a solid revenue and profit stream.

#ProactiveInvestors #TalonEnergy #ASX #Gas #Walyering

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Spenda Ltd (ASX:SPX) CEO Adrian Floate tells Proactive the company is now the preferred supplier of Capricorn Society Ltd to deliver the first phase of its Digital Service Delivery (DSD) initiative. The new agreement between the companies builds on a 20-year commercial foundation that now extends into e-commerce. It also builds on Capricorn’s existing CAPLink infrastructure, part of the services delivered by Spenda to Capricorn under the Software, Services and Maintenance contract that expires in June 2024.

#ProactiveInvestors #SpendaLtd #ASX #tech

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Pantheon Resources CEO Jay Cheatham and Technical Director Bob Rosenthal joined Steve Darling from Proactive to share news the company has raised 22 million dollars in an oversubscribed financing. The strong demand can be attributed to the quality of Pantheon's assets and their track record of accomplishments.

Cheatham telling Proactive the company is looking at using the capital to fund the flow testing of the Shelf Margin Deltaic horizon from the Alkaid #2 wellbore and also fund two Independent Expert Reports on the Company's Theta West and Alkaid projects. The company plans preparation of dynamic models and field development modelling and also complete the purchase of an additional Alaskan North Slope acreage.

#proactiveinvestors #pantheonresourcesplc #mining #lse #panr #pthrf

#FundingNews #AssetExpansion #OilandGasIndustry #CEOInterview #EnergyInvestments #ResourceExploration #DynamicModeling #ShelfMarginDeltaic #ExcitingOpportunities

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Josh McCathie from Downing Fund Managers discusses the VT Downing Small and Mid-Cap Income Fund, an equity income fund focused on small and mid-cap UK companies.

The fund aims to provide investors with an attractive dividend yield and the potential for capital growth, offering a total return proposition. With a differentiated approach, he said the fund focuses on small and mid-cap companies for income, offering a unique strategy compared to traditional equity income and small-cap funds.

McCathie said he is optimistic about the compelling valuations and positive earnings in the UK small and mid-cap sector for 2023.

#ProactiveInvestors #Investing #EquityIncome #SmallCap #MidCap #DividendYield #TotalReturn #UKMarket #ValueInvesting #FinancialMarkets #IncomeFund #InvestmentStrategy #Stocks #PortfolioManagement #InvestmentOpportunities #MarketVolatility #MarketOutlook #FinancialPlanning #FundManagement #StockMarket #DividendGrowth #CapitalGrowth

Moho Resources Ltd (ASX:MOH) MD Ralph Winter tells Proactive a recent airborne geophysical survey has identified a discrete radiometric anomaly at the Peak Charles REE and Nickel-Copper Project. He says the signature of the radiometric anomaly, with elevated responses in potassium, uranium and thorium, could be the reflection of a carbonatite intrusion.

#ProactiveInvestors #MohoResources #ASX #RareEarthElements #CriticalMetals

#invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

Spenda Ltd (ASX:SPX) CEO Adrian Floate tells Proactive the company is now the preferred supplier of Capricorn Society Ltd to deliver the first phase of its Digital Service Delivery (DSD) initiative. The new agreement between the companies builds on a 20-year commercial foundation that now extends into e-commerce. It also builds on Capricorn’s existing CAPLink infrastructure, part of the services delivered by Spenda to Capricorn under the Software, Services and Maintenance contract that expires in June 2024.

#ProactiveInvestors #SpendaLtd #ASX #tech

#invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

Forrestania Resources Ltd (ASX:FRS) MD Michael Anderson discusses with Proactive the company’s second lithium-focused RC drilling program at the flagship Forrestania project. FRS has recently announced an exclusive 2-year option agreement to acquire a strategic package of four tenements within the Eastern Goldfields of Western Australia. The company has also announced a deal expanding its lithium exploration focus into the world-class James Bay Region of Quebec, Canada.

#ProactiveInvestors #ForrestaniaResources #ASX #lithium #BatteryMetals

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Latin Resources Ltd (ASX:LRS) VP of Operations – Americas, Tony Greenaway tells Proactive new extension drilling to the west of the existing Colina MRE in Brazil has encountered a significant lithium swarm extending the footprint of Colina Deposit to more than 2 kilometres long by 1 kilometre wide. He says the Colina Lithium Deposit mineral resource update is scheduled for completion in June.

#ProactiveInvestors #LatinResources #ASX #lithium #Brazil

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