(AIM: SAR) 9 February 2011
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, the volume of shares
traded in the last two trading sessions and the bulletin board and press
comments following the announcement made on 7 February 2011 with the headline
"Research Update: Positive Leukaemia Model Study".
The Company can confirm that it is not currently in advanced stages of
discussion with a potential licencing partner and there can be no certainty that
the announcement of these results will lead to a licencing agreement being
entered into.
The Company can confirm that the results of the study have, in the ordinary
course of business, been sent to potential licencing partners and the Company
will be engaging with these partners to determine their interest in the data.
Sareum Holdings plc
Tim Mitchell 01223 497 700
Merchant Securities Limited (Nomad)
Simon Clements/Bidhi Bhoma 020 7628 2200
Hybridan LLP (Broker)
Claire Noyce 020 7947 4350
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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originality of the information contained therein.
Source: SAREUM HOLDINGS PLC via Thomson Reuters ONE
[HUG#1487061]
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