Provexis PLC
06 April 2006
PROVEXIS PLC
('Provexis' or the 'Company')
Trading Update
Provexis, the nutraceutical company that develops scientifically-proven
functional and medical foods, issues a trading update for the year ended 31
March 2006.
The Company's lead product Sirco(TM) was launched in Sainsbury's, Waitrose and
Tesco on 2 January 2006, 26 January 2006 and 4 February 2006 respectively.
Sales, operating costs and the cash position for the year ended 31 March 2006
are in line with expectations.
Sirco(TM) is the first heart health product to contain the patented
Fruitflow(TM) technology. Fruitflow(TM) works by reducing blood platelet
aggregation ('thinning the blood'), a significant contributing factor to a
thrombosis (internal blood clot) which can lead to heart attack or stroke.
Licensing talks are on-going with major food and beverage corporations regarding
the global licensing of the Fruitflow(TM) technology across different
application areas. As previously announced on the 9 March 2006, an independent
Expert Panel in the United States affirmed that Fruitflow(TM) was Generally
Recognised as Safe ('GRAS'). Together with the existing clearance in the EU,
this development paves the way for products containing Fruitflow(TM) to be
marketed across two principal target markets.
In addition to Fruitflow(TM), the Company continues to develop its product
pipeline with two other technology platforms which are intended to underpin new
product launches in 2007 and 2008. The first of these products will be a
functional beverage, containing a glucosinolate-enriched broccoli extract for
reducing the risk of specific types of cancer. The second product will be a
medical food, based on a patented extract from plantain fruit, designed to
extend remission time in patients with Crohn's Disease.
For further information please contact:
Provexis plc
Dr Stephen Franklin 020 8392 6631
Bell Pottinger Corporate & Financial
Emma Kent/Victoria Geoghegan 020 7861 3232
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.