Deepmatter Group (DMTR)

Sector:

IT Services

Index:

FTSE AIM All-Share

 1.15p
   
  • Change Today:
      0.000p
  • 52 Week High: 2.90
  • 52 Week Low: 1.10
  • Currency: UK Pounds
  • Shares Issued: 922.40m
  • Volume: 482,752
  • Market Cap: £10.61m

DeepMatter inks deal with India pharma giant Dr. Reddy's

By Josh White

Date: Tuesday 28 Sep 2021

LONDON (ShareCast) - (Sharecast News) - Digital chemistry technology company DeepMatter has signed a contract with generic pharmaceuticals giant Dr. Reddy's Laboratories, based in Hyderabad, India, for its 'DigitalGlassware' platform.
The AIM-traded firm said it would provide its DigitalGlassware platform to Dr. Reddy's process development team, for the development and scale-up of chemistry procedures to hand over to colleagues.

It said the collaboration was part of DeepMatter's ongoing strategy to provide its DigitalGlassware platform to major global contract research organisations (CROs), where the need for reproducibility was "paramount" in accelerating the discovery of new drugs.

"We are focused on creating value for the world's largest CROs with our DigitalGlassware platform," said chief executive officer Mark Warne.

"We are working with them to firmly establish it as the go-to platform for capturing and structuring time-course sensor data in the lab, to enable improved insights for better productivity and discovery."

Warne said Dr. Reddy's was "actively interested" in the capture of parameters that could be used for their process development and modelling activities.

"We are working with them to see how DigitalGlassware, with the use of sensor devices, can aid in the capture of these important parameters and facilitate analysis of runs performed at Dr. Reddy's."

At 1537 BST, shares in DeepMatter were up 6.72% at 1.38p.

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DMTR Market Data

Currency UK Pounds
Share Price 1.15p
Change Today 0.000p
% Change 0.00 %
52 Week High 2.90
52 Week Low 1.10
Volume 482,752
Shares Issued 922.40m
Market Cap £10.61m

DMTR Star Ratings

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Value
0.82% below the market average0.82% below the market average0.82% below the market average0.82% below the market average0.82% below the market average
25.27% above the sector average25.27% above the sector average25.27% above the sector average25.27% above the sector average25.27% above the sector average
Price Trend
91.75% below the market average91.75% below the market average91.75% below the market average91.75% below the market average91.75% below the market average
85.59% below the sector average85.59% below the sector average85.59% below the sector average85.59% below the sector average85.59% below the sector average
Income Not Available
Growth
10.18% above the market average10.18% above the market average10.18% above the market average10.18% above the market average10.18% above the market average
3.09% below the sector average3.09% below the sector average3.09% below the sector average3.09% below the sector average3.09% below the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
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Strong Sell 0
Total 1
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DMTR Dividends

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Trades for 07-Dec-2021

Time Volume / Share Price
15:06 79,600 @ 1.10p
10:08 12,608 @ 1.10p
09:05 207,656 @ 1.15p
08:43 182,888 @ 1.10p

DMTR Key Personnel

CEO Mark Warne
CFO Fraser Benson

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