Tuesday, 22 September, 2015 - 16:03
Chemeq founder plans $5m IPO
A Bentley biotech company led by Graham Melrose is planning a $5 million initial public offering, after six years of research on the development of synthetic antibiotics.
Recce Pharmaceuticals is an ASX-listed technology company involved in the development and commercialisation of new classes of synthetic anti-infectives designed to address the urgent global health problems of antibiotic resistant superbugs and emerging viral pathogens. Recce’s anti-infective pipeline is comprised of broad-spectrum synthetic polymer antibiotics RECCE® 327 and RECCE® 435, and RECCE® 529 for viral infections with unique mechanisms of action against hyper-mutation on bacteria and viruses, respectively.
Patented lead candidate RECCE® 327 has been developed for the treatment of blood infections and sepsis derived from E. coli and S. aureus bacteria – including their superbug forms. Recce’s new antibiotic compound, RECCE® 435, has been formulated for oral use. The FDA has awarded RECCE® 327 Qualified Infectious Disease Product designation under the Generating Antibiotic Initiatives Now (GAIN) Act – labelling it for Fast Track Designation, plus 10 years of market exclusivity post approval. Recce wholly owns its automated manufacturing, ready to support first-in-human clinical trials. Recce’s anti-infective pipeline seeks to exploit the unique capabilities of RECCE® technologies targeting synergistic, unmet medical needs.
Rank | Company | 1 Yr | 5 Yr |
---|---|---|---|
779th | Maronan Metals | 2.49% | 0% |
780th | Data#3 | 2.46% | 19.45% |
781st | Recce Pharmaceuticals | 2.34% | 10.07% |
782nd | New Energy Solar | 1.97% | 2.04% |
783rd | Santos | 1.94% | -0.6% |
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REMUNERATION UPDATE: James Graham, Executive Director, Chief Executive Officer | 02 Nov 2020 |
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REMUNERATION UPDATE: Justin Ward, Executive Director | 02 Nov 2020 |
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REMUNERATION UPDATE: Michele Dilizia, Executive Director | 02 Nov 2020 |
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REMUNERATION UPDATE: John Prendergast, Non-Executive Director, Non-Executive Chairman | 02 Nov 2020 |
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REMUNERATION UPDATE: Arthur Kollaras, Principal Engineer | 02 Nov 2020 |
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REMUNERATION UPDATE: Michele Dilizia, Executive Director | 24 Aug 2020 |
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REMUNERATION UPDATE: James Graham, Executive Director, Chief Executive Officer | 24 Aug 2020 |
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REMUNERATION UPDATE: John Prendergast, Non-Executive Director, Non-Executive Chairman | 24 Aug 2020 |
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REMUNERATION UPDATE: Justin Ward, Executive Director | 24 Aug 2020 |
A Bentley biotech company led by Graham Melrose is planning a $5 million initial public offering, after six years of research on the development of synthetic antibiotics.
Bentley-based biotech company Recce has popped the cork on its first day of trading on the ASX, following completion of a $5 million initial public offering.
Peter Cockcroft has resigned as a director of Kairiki Energy. Steven Wood has resigned as a joint company secretary of WHL Energy.
Keith John has been appointed as a non-executive director of Goldfields Money. Mr John is the founder and managing director of Pioneer Credit and has over 20 years of experience in the receivables management industry.Rob Bransby has resigned from the board of Goldfields Money.
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