African Medical Investments News
25-08-2010
Hospitals and clinics operator African Medical Investments has reported a $16.2m loss for the year to February 2010 and says that criminal charges for fraud and theft have been laid against its former chief executive Dr Vivek Solanki and two other former staff members. The loss includes $10.6m of write-downs and losses from financial irregularities. There was still $6m in the bank at the end of February 2010.
17-08-2010
African Medical Investments has scrapped its management agreement with the Airport Medical & Travel Vaccination Centre at Johannesburg International Airport.
14-07-2010
Silence Therapeutics has agreed a one-year extension of its ongoing research and development collaboration with AstraZeneca. The pair are working on five therapeutic molecules addressing respiratory and oncology indications.
08-12-2009
Shares in MobilityOne jumped after the electronic payments group said it had raised £365,000 through a placing 'for general capital purposes.'
12-10-2009
Renewable Energy Holdings has completed the sale of its CETO wave power technology to ASX-listed Carnegie Corporation. REH received a 33% stake in Carnegie in return for the CETO technology. This stake is valued at just over £30m. That is nearly 60% more than the valuation for the whole of REH.
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