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Why the MGC Pharmaceuticals (ASX:MXC) share price is up 5% today Brooke Cooper | April 22, 2021 1:47pm | More on: The MediCaNL will design, manage and run the biopharma company’s future clinical trials. The MGC Pharmaceuticals share price is up 5% on the back of the news. At the time of writing, it’s trading for 6.3 cents. Let’s take a closer look at the announcement MGC made this morning. MGC’s new acquisition MGC Pharmaceuticals advised it will acquire MediCaNL, which it has employed for the last 2 years to run clinical trials. The company said the acquisition would provide immediate savings for the company, cutting MCG’s forecasted clinical trial expenses and streamlining its future preclinical and clinical processes. ....
MGC Pharmaceuticals acquires MediCaNL to create an in-house research programme MediCaNL Inc is an Israeli company providing specialist services worldwide to the pharmaceutical sector for the development of new medicines. He explains, rather than pay for a third party consultant each time for their skills and resources, he wanted this resource to be in-house . He goes on to add the cost effective attributes of this deal as MediCaNL offers clinical and preclinical trial services as well as assistance with clinical trials in the form of research data from past studies of all Phase I to IV using a variety of treatment methods. ....
FTSE 100 reaches day s high but Wall Street struggles for direction Companies FTSE 100 reaches day s high but Wall Street struggles for direction The UK blue chip index in positive territory but Dow falls while Nasdaq edges higher FTSE 100 rises 33 points Mixed performance from US stocks Royal rat-catcher Rentokil slips on EU warning 3.50pm: Mixed bag of risers The FTSE 100 is at its highs for the day although to be honest, that is not saying much. The blue chip index is currently 33.07 points or 0.48% better at 6928.36 despite the fall on the Dow Jones Industrial Average, down 128 points or 0.38%. Given Wednesday s surge the decline is not really surprising, with a little profit taking setting in. Meanwhile the S&P 500 is virtually flat, down 0.07% and the Nasdaq Composite has edged 0.26% higher. ....
Getech Group boosted by contract wins A look at the major movers on the London market on Thursday Getech Group PLC (LON:GTC) has gained ground after positive contract news and an increasing presence in green energy. The company, which specialises in providing data, software and analytic products to the energy industry, said it had renewed software licences with existing customers with a combined value of around £375,000. It has also won contracts for data and services with new and existing customers worth a total of £350,000, including work in new areas for the company in the petroleum and geothermal sectors. The contracts should add around £537,000 to this year s revenues, meaning it continues to trade in line with current market expectations. ....
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