Tern (TERN)

Sector:

Financials

Index:

FTSE AIM All-Share

2.28p
   
  • Change Today:
      0.080p
  • 52 Week High: 8.50
  • 52 Week Low: 1.70
  • Currency: UK Pounds
  • Shares Issued: 409.68m
  • Volume: 996,844
  • Market Cap: £9.34m

Tern investment wins contract with pharma group

By Iain Gilbert

Date: Tuesday 26 Mar 2019

LONDON (ShareCast) - (Sharecast News) - Internet-of-things investor Tern has seen one of its portfolio companies receive an initial order valued at more than £150,000 from an unnamed major pharmaceutical company.
FundamentalVR, a virtual reality training and data analysis technology platform, will create a VR simulation for the mystery global pharma outfit.

Tern stated the project was just the first in a planned series of VR experiences that FundamentalVR's client was commissioning to inform, educate and measure awareness and compliant, safe use of their products and was expected to become a template for future product launches.

Al Sisto, the AIM-listed group's chief executive, said: "This is a new approach to pharma and medical device product introductions, which we believe will accelerate the adoption of new medical products in building out the use procedures in a repeatable practice scenario were the individual's performance can be measured against a standard and his/her peers.

"FundamentalVR and its customers share the belief that the comparative data insights and measurements collected and available through the FundamentalVR platform will have a profoundly positive impact on medical outcomes and products around the world."

As of 1230 GMT, Tern shares had climbed 4% to 10.66p.

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Tern Market Data

Currency UK Pounds
Share Price 2.28p
Change Today 0.080p
% Change 3.64 %
52 Week High 8.50
52 Week Low 1.70
Volume 996,844
Shares Issued 409.68m
Market Cap £9.34m

Tern Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
52.25% above the market average52.25% above the market average52.25% above the market average52.25% above the market average52.25% above the market average
35.24% above the sector average35.24% above the sector average35.24% above the sector average35.24% above the sector average35.24% above the sector average
Price Trend
92.23% below the market average92.23% below the market average92.23% below the market average92.23% below the market average92.23% below the market average
98.28% below the sector average98.28% below the sector average98.28% below the sector average98.28% below the sector average98.28% below the sector average
Income Not Available
Growth
28.51% below the market average28.51% below the market average28.51% below the market average28.51% below the market average28.51% below the market average
23.36% below the sector average23.36% below the sector average23.36% below the sector average23.36% below the sector average23.36% below the sector average

Tern Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
08:37 10,000 @ 2.19p
08:32 298,656 @ 2.14p
08:31 44,543 @ 2.25p
08:30 43,160 @ 2.16p
08:29 12,500 @ 2.15p

Tern Key Personnel

CEO Albert Sisto

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