Venn Life Sciences Holdings PLC AGM Statement (3197K)
24 Juin 2014 - 8:00AM
UK Regulatory
TIDMVENN
RNS Number : 3197K
Venn Life Sciences Holdings PLC
24 June 2014
24 June 2014
Venn Life Sciences Holdings Plc
AGM Statement
Venn Life Sciences (AIM: VENN), a growing Clinical Research
Organisation providing clinical trial management and resourcing
solutions to pharmaceutical, biotechnology and medical device
clients, will hold its Annual General Meeting today at 3pm at 4
Lombard Street, London EC3V 9HD.
In advance of the formal proceedings of the meeting the
Chairman, David Evans, will make the following statement:
I am pleased to report that we continue to make good progress
towards our goal of becoming a leading mid-sized European CRO with
an expertise in managing complex multi-country clinical trials. As
I mentioned in our results statement we have made significant
progress in the scale and quality of our potential deal flow
pipeline, with strong leads on a number of higher value Enterprise
Level deals.
Last month we announced the securing of a particularly
significant clinical trials management agreement for an orphan drug
for the rare acute disease market. This multi-site agreement is
worth over EUR3m and will run for over a year and a half, covering
seven European countries as well as a number of US sites. This
contract win endorses our change of focus from small single country
projects to larger multi-centred projects and we hope to update
shareholders on further project wins as they happen.
In addition, I am pleased with the progress made so far by
Innovenn, our innovation division, since the acquisition of the
anti-acne and living skin equivalent technology of Evocutis. We
announced earlier in the month the grant of our first skin science
patent by the European Patent Office and we have commenced
commercial partnership discussions regarding Labskin which we
expect to lead to additional revenue flows later this year.
We remain confident for the future and continue to expect to see
significant gains in revenue in the second half of 2014.
Enquiries:
Venn Life Sciences Holdings Plc www.vennlifesciences.com
Tony Richardson, Chief Executive Tel: +353 154 99 341
Officer
Orla McGuinness, Marketing Manager Tel: +33 (0)1 30 82 67 07
Zeus Capital (Nominated Adviser
and Broker)
Ross Andrews/Andrew Jones (Corporate Tel: 0161 831 1512
Finance)
Dominic Wilson (Institutional Tel: 020 7533 7727
Sales)
Walbrook PR Ltd Tel: 020 7933 8787 or venn@walbrookpr.com
Paul McManus Mob: 07980 541 893
Lianne Cawthorne Mob: 07584 391 303
About Venn Life Sciences Limited:
Venn Life Sciences is a Clinical Research Organisation providing
clinical trial management solutions and resourcing solutions to
pharmaceutical, biotechnology and medical device organisations.
With dedicated operations in France, Germany, the Netherlands, the
UK and Ireland and Europe wide representation - Venn specialises in
rapid deployment and management of multisite projects. Venn
recently established an innovation division - InnoVenn - focused
primarily on breakthrough development opportunities in Skin
Science.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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