Pre Close Trading Update

RNS Number : 9235M

Epistem Holdings plc

22 July 2014

 



Company               Epistem Plc

TIDM                       EHP.L (AIM)

Headline                Pre-Close Trading Update

Released                22^nd July: 7.00am UK

Epistem Holdings Plc

("Epistem" or "the Company")

Pre-Close Trading Update

Epistem (AIM: EHP), the personalised medicine and biotechnology company, today announces a pre-close trading statement for the year ended 30^th June 2014.

Income over the full year remained solid and broadly in line with market expectations, with EBITDA losses expected to be around £2.5m reflecting the growing expenditure in preparation for launch of the Company's first product Genedrive^®. Net cash at 30^th June 2014 was £4.2m.

The Company expects to release its final results for the year ended 30^th June 2014 on Tuesday 28^th October 2014 and will hold an analysts' meeting on the day.

For further information contact:

Epistem Plc

Matthew Walls, Chief Executive Officer                                ++44 161 606 7258                       
John Rylands, Chief Financial Officer

Peel Hunt LLP

James Steel                                                                              ++44 207 418 8900

Clare Terlouw

Walbrook PR

Mike Wort                                                                               ++44 207 933 8780                        
Anna Dunphy

Notes for editors

Please see http://www.epistem.co.uk for additional information 

About Epistem:

Epistem is a personalised medicine and biotechnology company commercialising its expertise in adult stem cells in the areas of infectious and epithelial disease (oncology, gastrointestinal and dermatological). Epistem develops innovative diagnostics and biomarkers (Genedrive^®), target discovery therapeutics and contract research services for drug development companies. Epistem operates three divisions, Personalised Medicine (Diagnostics and Biomarkers), Contract Research Services and Novel Therapies.

 

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