Sareum Holdings (SAR)

Sector:

Pharma and Biotech

Index:

FTSE AIM All-Share

29.00p
   
  • Change Today:
      3.50p
  • 52 Week High: 135.00
  • 52 Week Low: 10.25
  • Currency: UK Pounds
  • Shares Issued: 106.84m
  • Volume: 924,968
  • Market Cap: £30.98m
  • RiskGrade: 594

Sareum secures Japan patent for kinase inhibitor asset

By Josh White

Date: Friday 03 Nov 2023

LONDON (ShareCast) - (Sharecast News) - Biotechnology firm Sareum announced on Friday that it has received a notice of allowance from the Japan Patent Office for a patent associated with SDC-1801, its primary TYK2/JAK1 kinase inhibitor.
The AIM-traded company said the newly approved Japanese patent, 'Special Application 2021-543577', would protect SDC-1801 and its potential medical applications in treating inflammatory or immune disorders.

Earlier this year, the China National Intellectual Property Administration (CNIPA) granted patent 'CN113056456B' for the same protections.

Patent applications for SDC-1801 in Europe, the United States and other regions remained under review.

Pending the completion of certain formalities, the firm said it expected the patent would be officially granted shortly.

"The recent notice of allowance from the Japan Patent Office bolsters our growing confidence in SDC-1801, our lead TYK2/JAK1 kinase inhibitor," said chief scientific officer Dr John Reader.

"Our phase 1a clinical trial in Australia is progressing well, and this latest patent recognition in Japan supports our intellectual property around this programme."

At 1350 GMT, shares in Sareum Holdings were up 8.67% at 62.49p.

Reporting by Josh White for Sharecast.com.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Sareum Holdings Market Data

Currency UK Pounds
Share Price 29.00p
Change Today 3.50p
% Change 13.73 %
52 Week High 135.00
52 Week Low 10.25
Volume 924,968
Shares Issued 106.84m
Market Cap £30.98m
RiskGrade 594

Sareum Holdings Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
49.34% below the market average49.34% below the market average49.34% below the market average49.34% below the market average49.34% below the market average
13.73% below the sector average13.73% below the sector average13.73% below the sector average13.73% below the sector average13.73% below the sector average
Price Trend
93.18% below the market average93.18% below the market average93.18% below the market average93.18% below the market average93.18% below the market average
77.78% below the sector average77.78% below the sector average77.78% below the sector average77.78% below the sector average77.78% below the sector average
Income Not Available
Growth Not Available

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Sareum Holdings Dividends

No dividends found

Trades for 10-May-2024

Time Volume / Share Price
16:28 8,367 @ 29.70p
16:28 7,000 @ 29.70p
16:27 3,000 @ 29.00p
16:24 4,000 @ 29.00p
16:24 17,244 @ 28.96p

Sareum Holdings Key Personnel

CEO Timothy J Mitchell

Top of Page