Redx Pharma Plc demonstrates control of operating expenses in H1FY20

  • Jun 30, 2020 BST
  • Team Kalkine
Redx Pharma Plc demonstrates control of operating expenses in H1FY20

 

Redx Pharma Plc (LON: REDX) has released its results for the six months ended 31 March 2020.

  • The company has demonstrated control of operating expenses £5.2 million as compared to £5.0 million in H1 2019.
  • The loss for the period was of £4 million as compared to £2.3 million in H1 2019.
  • The company reported that Redmile Group LLC provided funding to the company, comprising an initial equity investment of £1.3 million in March, followed by £5 million of short-term debt funding in April.
  • On 30th June 2020, at the time of writing, GMT 08:58 AM, REDX shares were trading at GBX 18.50, up by 1.00 points or 5.71% against the previous day closing price.

 


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