RenalytixAI (RENX) shares jump 11.96% to 182.5p as it publishes positive test data
On Monday, the diagnostics company published data showing that its lab-developed test, KidneyIntelX, can risk-stratify adult patients with type 2 diabetes and early-stage chronic kidney disease for key clinical outcomes, including heart failure hospitalizations and death.
The data builds on KidneyIntelX clinically validated performance in assessing the risk for rapid progressive decline in kidney function in adult patients with diabetic kidney disease or DKD.
“This data reinforces the benefit of KidneyIntelX in better informing primary care who treat patients with early diabetic kidney disease (stages 1 through 3),” the group told investors.
TruFin (TRU) shares rise 8.39% to 84p following new partnership with Sage and Lloyds
Today, Satago Financial Solutions Limited, a subsidiary of TruFin, announced that it had signed a Letter of Intent to enter into a three-way partnership with Sage and Lloyds Bank.
The partnership will formalise plans to create an embedded finance solution within Sage and aims to help its clients - small and medium-sized businesses - better manage their cash flow.
Satago, Sage and Lloyds have signed a LOI with the final terms of the partnership subject to commercial negotiation. Following an initial roll-out in the UK, Sage and Satago intend to subsequently deliver the solution globally, working with local Banks in respective countries.
Caspian Sunrise (CASP) shares rise 8.00% to 5.4p as it starts drilling new deep well
On Monday, Caspian announced the drilling of a deep well on the Yelemes Deep structure in Kazakhstan and gave a further update regarding the impact of sanctions against Russia.
Caspian Sunrise said cash costs are expected to be significantly lower to drill this well than for previous deep wells, as the firm will be using its own rig and drilling through easier sandstone.
The company said its oil continues to flow through the Russian pipeline network to Russian ports on the Baltic Sea, and it doesn’t see these pipelines being closed “whatever happens”.
ITM Power (ITM) shares fall 17.45% to 238.15p as it forecasts widened annual loss
In a trading update released today, ITM Power warned investors of a widened annual loss as a result of increased spending, but nevertheless hailed the group’s “record backlog” of work.
For the financial year to 30 April 2022, ITM Power expects to report an adjusted loss before, interest, tax, depreciation and amortisation of £36.5 million, widened from £21.1m. It expects a revenue increase, however with its top line forecast to grow 28% to £5.5m from £4.3m.