A look at the day’s major movers, including Malvern, Carclo, IXICO, Powerhouse Energy, OnTheMarket and Nichols
Cancer treatment consultancy company () moved up 11% to 3p after it was awarded a further contract by existing biotech client, CellCentric.
The value of the contract has not been disclosed but is expected to complete in the first half of 2020.
The project will involve pharmacokinetic and pharmacodynamic modelling and build on the work completed over the course of 2019 in support of the clinical development of CellCentric’s lead asset CCS1477.
2.00pm: Malvern International tops the movers after sale of Malaysian business
() saw its shares top the market gainers on Monday, leaping nearly 77% higher to 1.15p after the global learning and skills development partner, announced the sale of its Malaysian business, to AAA Management Science Academy PLT for a total cash consideration of MYR 400,000 (about £75,000).
The group said the cash consideration will be payable over a 13 month period and will be used towards the repayment of an existing bank loan in Malaysia, with the proposed transaction expected to complete on 31 December 2019.
Sam Malafeh, the chief executive officer of Malvern, said: “We are pleased to have agreed the sale of the Malaysian business, which will now allow us to focus on growing our core operations in the UK and Singapore.”
12.30am: motors after it completes exit from Wipac business
PLC (), the manufacturer of injection moulded…