25 May 2012

NextGen announces business refocus

09/03/2011 Ben Jaglom

AIM-quoted pharma minnow NextGen Group (NGG) has declared that it has completed a commercial reorganisation

Joining the company are Dr Neal Siegel as director of Assay Development, a new position. Siegel joins NextGen from Sword Diagnostics and will lead 'assay delivery, validation and quality control.'

Meanwhile Glenn Barney, formerly at US company Decision Biomarkers takes over as vice-president of business development while Hiroshi Saito takes over as director of marketing having joined from internet and digital marketing agency Optiem.

Chairman Klaus Rosenau opined that the reorganisation brings the company 'an increased commercial focus' to its biomarker business arguing that the next phase of its development is 'the launch of a human plasma assay targeting several oncology disease areas' something he added would come in 'the first half' of the year.

Recommended by Growth Company Investor as a speculative buy last month at 0.38p, the shares have climbed 0.01p, currently trading at 0.39p. The latest update is a positive statement regarding the company's future plans. Hold on for now.

Tags: AIM-Quoted, Klaus Rosenau, Nextgen group, Pharma

Sector: Pharmaceuticals & Biotechnology

Companies: NextGen

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