Open Orphan PLC Result of General Meeting (7024P)
11 Juin 2020 - 1:15PM
UK Regulatory
TIDMORPH
RNS Number : 7024P
Open Orphan PLC
11 June 2020
11 June 2020
Open Orphan plc
("Open Orphan", or the "Company")
Result of General Meeting
Open Orphan plc (ORPH), a rapidly growing specialist CRO
pharmaceutical services company which is the world leader in the
testing of vaccines and antivirals using human challenge study
models, is pleased to announce that at the Company's General
Meeting held earlier today in relation to the Fundraising, all of
the Resolutions put to the meeting were duly passed.
The Conditional Fundraise remains conditional on Admission of
the relevant Conditional Fundraising Shares to AIM and Euronext
Growth, which is expected to take place at 8.00 a.m. on Friday 12
June 2020.
Total Voting Rights
Following the Admission of the Conditional Fundraising Shares,
the total number of Ordinary Shares in the Company in issue will be
663,860,098. This figure may be used by shareholders as the
denominator for the calculations by which they will determine if
they are required to notify their interest in, or a change to their
interest in the Company under the FCA's Disclosure and Transparency
Rules.
Unless otherwise defined, capitalised terms used in this
announcement are as defined in the Circular.
For further information please contact
+353 (0)1 644
Open Orphan plc 0007
Cathal Friel, Executive Chairman
Arden Partners plc (Nominated Adviser and Joint +44 (0)20 7614
Broker) 5900
John Llewellyn-Lloyd / Benjamin Cryer / Dan
Gee-Summons
+44 (0) 20 7220
finnCap plc (Joint Broker) 0500
Geoff Nash / James Thompson / Charlie Beeson
+353 (0)1 679
Davy (Euronext Growth Adviser and Joint Broker) 6363
Anthony Farrell
+44 (0)20 3757
Camarco (Financial PR) 4980
Tom Huddart / Hugo Liddy
Notes to Editors - Open Orphan:
Open Orphan is a rapidly growing niche CRO pharmaceutical
services company which is a world leader in the testing of vaccines
and antivirals through the use of human challenge clinical trials.
Conducted from Europe's only 24-bedroom quarantine clinic with
onsite virology providing individually isolated rooms and connected
to our specialist laboratory facility. Which offers highly
specialised virology and immunology laboratory services to support
pre-clinical and clinical respiratory drug, antiviral, and vaccine
discovery and development. Reliable laboratory analysis underpinned
by scientific expertise is essential when processing and analysing
clinical samples. Robust quality processes support our team of
scientists in the delivery of submission ready data.
The Company has a leading portfolio of 8 viral challenge study
models which are: 2 FLU, 2 RSV, 1 HRV, 1 Asthma, 1 cough and 1 COPD
viral challenge models. As announced in early March, Open Orphan is
rapidly advancing a number of Coronavirus challenge study models
and expects to be helping many COVID-19 vaccine development
companies to test their vaccines. No other company in the world has
such a portfolio, with only two competitors globally having 1
challenge study model each. In June 2020 hVIVO COVID Clear Test was
launched, the most accurate antibody test available to UK
employers, helping them to get their people back to work.
Open Orphan comprises of two commercial specialist CRO services
businesses, hVIVO and Venn Life Sciences , and is developing an
early stage orphan drug genomics data platform business. This
platform captures valuable genetic data from patient populations
with specific diseases with designated orphan drug status and
incorporating AI tools. In June 2019, Open Orphan acquired
AIM-listed Venn Life Sciences Holdings plc in a reverse take-over
and in January 2020 it completed the merger with hVIVO plc. Venn,
as an integrated drug development consultancy, offers CMC
(chemistry, manufacturing and controls), preclinical, Phase I &
II clinical trials design and execution. The merger with hVIVO
created a European full pharma services company broadening the
Company's customer base and with complementary specialist CRO
services, widened the range of the Company's service offerings.
This information is provided by RNS, the news service of the
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contact rns@lseg.com or visit www.rns.com.
END
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