Futura Medical PLC (LON:FUM) has agreed a joint venture with cannabis firm CBDerma Technology Limited to develop a skin-friendly cannabidiol (CBD) formulation. The joint venture will explore combining CBD with Futura’s DermaSys drug delivery system for the treatment of such symptoms as pain relief.
Applied Graphene Materials (LON:AGM) will fly the flag for graphene at two major coatings conferences this week, after launching two unique epoxy adhesive systems for the space and defence sectors.
Enteq Upstream PLC (LON:NTQ) has taken out a licence from oil giant Royal Dutch Shell PLC (LON:RDSB) to use its intellectual property and other technology in a specialised rotary steerable drilling system.
Savannah Resources PLC (LON:SAV) has been conditionally awarded new mining concessions for the Mutamba project in Mozambique. The project is described as “one of the most significant undeveloped heavy mineral sands deposits in the world” and the new concessions span some 280 square kilometres.
Solo Oil PLC (LON:SOLO) told investors that it has exited its Nigerian marginal fields venture. The company has agreed to sell its 20% interest in Burj Petroleum Africa which previously applied for undeveloped Nigerian assets back in 2014. The stake is being sold for a nominal £1 to another shareholder in Burj.
ReNeuron Group PLC (AIM: RENE) said it remained in negotiations with potential partners for all of its key programmes. The company was providing an update on progress ahead of its annual meeting on Tuesday.