Scancell Holdings (SCLP)

Sector:

Pharma and Biotech

Index:

FTSE AIM All-Share

9.88p
   
  • Change Today:
      0.18p
  • 52 Week High: 17.00p
  • 52 Week Low: 8.15p
  • Currency: UK Pounds
  • Shares Issued: 927.98m
  • Volume: 214,593
  • Market Cap: £91.64m

Scancell skips higher on Swedish research collaboration

By Oliver Haill

Date: Friday 11 Mar 2016

LONDON (ShareCast) - (ShareCast News) - Immuno-oncology specialist Scancell has impressed investors with a new research partnership with Sweden's Karolinska Institutet into the role of citrullinated proteins in the treatment of cancer.
Both parties have uncovered important roles that citrullinated proteins can play in helping the body fight off diseases, Scancell in cancer and Karolinska in rheumatoid arthritis, which is an autoimmune disease.

Citrullination is a process by which proteins are remodelled with the amino acid citrulline, enhancing their effect on the body's immune system.

Scancell's joint chief executive, Lindy Durrant, also professor of cancer immunotherapy at Nottingham University, said the collaboration aimed to enhance both sides' understanding of citrullination's role in fighting disease that will serve to advance the company's technology.

"Our research has previously shown that citrullinated proteins are involved in the control of tumour growth, which led us to the development of the Moditope platform," she said.

Suppressing a tumour's ability to 'hide' from the body's immune system, Moditope uses citrullinated peptides to super-charge white blood cells so that they destroy tumour cells.

Durrant added: "We believe that this strategic collaboration with Karolinska will enhance our joint understanding of the role that citrullination plays in both cancer and rheumatoid arthritis, and will help us develop the Moditope® platform to its full potential."

Just two days after its raised £3.4m at 17p to speed the development of its lead 'ImmunoBody' product, SCIB1, shares in Scancell were up 8% to 19p by 0900 GMT on Friday.

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SCLP Market Data

Currency UK Pounds
Share Price 9.88p
Change Today 0.18p
% Change 1.80 %
52 Week High 17.00p
52 Week Low 8.15p
Volume 214,593
Shares Issued 927.98m
Market Cap £91.64m

SCLP Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
9.63% below the market average9.63% below the market average9.63% below the market average9.63% below the market average9.63% below the market average
1.96% above the sector average1.96% above the sector average1.96% above the sector average1.96% above the sector average1.96% above the sector average
Price Trend
61.99% below the market average61.99% below the market average61.99% below the market average61.99% below the market average61.99% below the market average
Sector averageSector averageSector averageSector averageSector average
Income Not Available
Growth Not Available

What The Brokers Say

Strong Buy 0
Buy 2
Neutral 0
Sell 0
Strong Sell 0
Total 2
buy
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SCLP Dividends

No dividends found

Trades for 10-May-2024

Time Volume / Share Price
11:20 2,944 @ 10.19p
11:02 981 @ 10.19p
09:16 4,121 @ 10.19p
09:12 100,000 @ 9.65p
08:38 54,408 @ 10.19p

SCLP Key Personnel

CEO Lindy Durrant
CFO Sath Nirmalananthan

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