Vernalis to raise £68.5m 10/02/2012
Drug discoverer Vernalis (VER) is to raise £68.5 million as part of a joint venture with US concern Tris Pharma.
Sutherland expands product range
Condoms to patient hygiene concern Sutherland Health Group plans to launch two products in the field of gynaecological diagnostics.
The PLUS-quoted company, chaired by small company player John French and run by chief executive and founder George Sutherland, says it already has a National Health Service contract for one of the products, an 'Amniotic Leak Detector'. This is a chemical-impregnated pad which changes colour if there is a leak of the fluid around a baby in the womb, a leak which happens in 10 per cent of pregnancies and can cause infections or premature births.
Sutherland Health, which turned an £82,000 loss into a £39,340 profit in the year to March and won an NHS contract for its Thixo-D fluid thickener for the elderly, is also in negotiations with a major distribution group about selling its products into care homes. George Sutherland suggests the Government's proposed NHS changes, which would shift buying power from National Health Care Trusts to General Practitioners, could open new markets for its products.
At 2.756p, with a 0.50p PLUS spread, Sutherland shares have speculative appeal.
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