Stmnt re Share Price Movement

RNS Number : 4919J

Sareum Holdings PLC

07 August 2012

 



(AIM: SAR)

7 August 2012

SAREUM HOLDINGS PLC
("Sareum" or the "Company") 

Statement re Share Price Movement

Sareum (AIM: SAR), the specialist cancer drug discovery business, has noted the recent significant rise in the Company's share price and associated volume of shares traded.

The Company can confirm that advanced stages of negotiations are taking place with a potential licencing partner which may or may not lead to a licencing agreement regarding one of the Company's research programmes. 

Sareum Holdings plc
Tim Mitchell, Chief Executive Officer	01223 497 700
Merchant Securities Limited (NOMAD)
Simon Clements	020 7628 2200
Hybridan LLP (Broker)
Claire Noyce / Deepak Reddy	020 7947 4350
The Communications Portfolio (Media enquiries)
Philip Ranger / Caolan Mahon [e-mail]	020 7536 2028 / 2029

Notes for editors:

About Sareum Holdings plc

Sareum is a drug discovery company, headquartered in Cambridge UK, that is focused on producing targeted small molecule therapeutics to address unmet medical needs, primarily in cancer. Sareum aims to successfully deliver drug candidates for licensing to pharmaceutical and biotechnology companies at the pre-clinical or early clinical trials stage.

Sareum's Chk1 kinase cancer research programme is a joint research collaboration with The Institute of Cancer Research and Cancer Research Technology Limited. Novel chemical compounds developed by the collaboration have been shown to increase the effectiveness of current cancer therapeutics in in-vivo cancer models.

SKIL® (Sareum Kinase Inhibitor Library) is Sareum's drug discovery technology platform that has so far produced the Company's Aurora+FLT3, Aurora+ALK VEGFR-3, FLT3 & TYK2 kinase cancer and auto-immune disease research programmes. SKIL can also generate drug research programmes against other kinase targets.

Sareum Holdings plc joined the AIM market of the London Stock Exchange in October 2004, trading under the symbol SAR.  For further information, please visit www.sareum.co.uk

 

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