Destiny Pharma Plc Reports Strong Cash Position For H1 FY19

  • Sep 23, 2019 BST
  • Team Kalkine
  • Destiny Pharma Plc (DEST) has reported the interim results for 6 months ended 30 June 2019.
  • The company reported a strong cash position with cash and term deposits of £9.1 million as at 30 June 2019 of as compared to £15.1 million as at 30 June 2018 and £12.1 million as at 31 December 2018.
  • Reflecting an increased investment in clinical programmes, the company reported an expenditure of £1.7 million on R&D in the period as compared to £1.3 million during the half-year 2018 and £3.5 million of full-year 2018.
  • On 23rd September 2019, at the time of writing, GMT 12:12 PM, DEST shares were trading at GBX 43.00, up by 2.50 points or 6.17 per cent against the previous day closing price.

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