The specialist cancer drug discovery and development business has reported HY December 2016 results registering a maiden net profit of £573k driven by the licensing deal agreed in September 2016 with Sierra Oncology (NASDAQ:SRRA). In H1, Sareum booked a £1.3m share of profits on the initial up-front payment. Post year end, a further £0.45m share from the first milestone payment, has left the Company confident of reporting a modest full year profit. We are forecasting a FY Ju
20 Feb 2017
Chk1 Licence Agreement drives £573k maiden profit
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Chk1 Licence Agreement drives £573k maiden profit
Sareum Holdings plc (SAR:LON) | 15.5 0 0.0% | Mkt Cap: 21.4m
- Published:
20 Feb 2017 -
Author:
Derren Nathan -
Pages:
6 -
The specialist cancer drug discovery and development business has reported HY December 2016 results registering a maiden net profit of £573k driven by the licensing deal agreed in September 2016 with Sierra Oncology (NASDAQ:SRRA). In H1, Sareum booked a £1.3m share of profits on the initial up-front payment. Post year end, a further £0.45m share from the first milestone payment, has left the Company confident of reporting a modest full year profit. We are forecasting a FY Ju