Shield Therapeutics - Additional Listing
Released
Released
Announcement PDF
RNS Number : 7598X
Shield Therapeutics PLC
01 May 2019
Shield Therapeutics plc
("Shield" or the "Group")
Additional Listing
London, UK, 1 st May 2019: Shield Therapeutics plc (LSE:STX), a commercial
stage, pharmaceutical company with a focus on addressing iron deficiency
with or without anaemia via its lead product Feraccru®, announces that it
issued and allotted 47,169 Ordinary Shares of 1.5p each following the
exercise of options under the Shield Therapeutics Retention Share Plan.
Application has been made to the London Stock Exchange for the New
Ordinary Shares to be admitted to trading on AIM. Admission is expected to
be effective on 8 May 2019. The Ordinary Shares shall rank pari passu with
the existing ordinary shares in the Company.
Following admission, the Company's issued share capital will comprise
117,088,657 ordinary Shares and each Ordinary Share carries one vote.
There are no Ordinary Shares held in treasury and accordingly, the total
number of voting rights is 117,088,657. This figure may be used by
shareholders as the denominator for the calculations by which they will
determine if they are required to notify their interest in, or a change to their
interest in the Company under the FCA's Disclosure Guidance and
Transparency Rules.
- Ends For further information please contact:
Shield Therapeutics plc
Carl Sterritt, Chief Executive
Officer
Tim Watts, Chief Financial
Officer
Nominated Advisor and Broker
Peel Hunt LLP
James Steel/Dr Christopher
Golden
www.shieldtherapeutics.com
+44 (0)20 7186 8500
+44 (0)20 7418 8900
Financial PR & IR Advisor
Walbrook PR
Paul McManus / Helen
Cresswell
+44 (0)20 7933 8780
or shield@walbrookpr.com
+44 (0)7980 541 893 / +44 (0)7841 917
679
About Shield Therapeutics plc
Shield is a de-risked, commercial stage, pharmaceutical company delivering
innovative specialty pharmaceuticals to address patients' unmet medical
needs. The Company's clear purpose is to help its patients become people
again, by enabling them to enjoy the things that make the difference in their
everyday lives. The Group has a marketed product, Feraccru®, for the
treatment of iron deficiency in adults which has exclusive IP rights until the
mid-2030s. Feraccru® is commercialised in the European Union by Norgine
BV and the US Food and Drug Administration (FDA) is currently considering a
New Drug Application (NDA), with a PDUFA (Prescription Drug User Fee Act)
date of 27 th July 2019.
www.shieldtherapeutics.com.
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more
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About Feraccru®
Feraccru® is a novel, stable, non-salt based oral treatment for adults with
iron deficiency with or without anaemia that has been shown to be an
efficacious and well-tolerated therapy in a range of controlled phase 3 trials.
Following the recently announced1 positive results of the Phase IIIb AEGISH2H study in which Feraccru® demonstrated it was non-inferior to
intravenously-administered Ferinject® at delivering improvements in
haemoglobin levels without requiring hospital-based administration,
Feraccru® offers a compelling alternative to IV Iron for those patients that
cannot tolerate salt-based oral iron therapies and wish to avoid the
complexities of infusion-based therapies.
When salt-based oral iron therapies are ingested they can cause a range of
mild-to-severe gastrointestinal tract (GI) adverse events, including nausea,
bloating and constipation. These lead to poor tolerability, reduced patient
compliance and ultimately treatment failure. Feraccru® is not an iron salt;
iron can be absorbed from the ferric maltol molecule and, as a result, it does
not routinely cause the same treatment-limiting intolerance issues.
Prior to Feraccru®, IV iron therapies were the only realistic alternative
treatment option for patients intolerant of or unwilling to take salt-based oral
iron therapies. However, use of such an invasive, costly, inconvenient and
complex to administer treatment option, which is associated with potentially
life-threatening and spontaneous hypersensitivity reactions, means there
remains a clear unmet medical need for patients with iron deficiency with or
without anaemia to have access to an effective therapy like Feraccru® that is
well tolerated, convenient and does not require hospital-based
administration.
Feraccru® is approved and marketed in the European Union for the
treatment of iron deficiency with or without anaemia in adults and in
Switzerland for the treatment of iron deficiency anaemia in adults with IBD.
About Iron Deficiency
The WHO state that ID is the most common and widespread nutritional
disorder in the world. As well as affecting a large number of children and
women in non-industrialized countries, it is the only nutrient deficiency
which is also significantly prevalent in virtually all industrialized nations.
There are no current global figures for ID, but using anaemia as an indirect
indicator it can be estimated that most preschool children and pregnant
women in non-industrialized countries, and at least 30-40% in industrialized
countries, are iron deficient.
Forward-Looking Statements
This press release contains forward-looking statements. All statements contained
in this press release that do not relate to matters of historical fact should be
considered forward-looking statements. These forward-looking statements are
based on management's current expectations and include statements related to
the timing of future results of Feraccru trials and the timing and success of the
Group's regulatory plans and commercial strategy for Feraccru.
These
statements are neither promises nor guarantees, but involve known and
unknown risks and uncertainties, many of which are beyond our control, that
may cause actual results, performance or achievements to be materially different
from management's expectations expressed or implied by the forward-looking
statements, including, but not limited to, risks associated with the regulatory
approval process, the Group's business and results of operations, competition
and other market factors. The forward-looking statements made in this press
release represent management's expectations as of the date of this press release,
and except as required by law, the Group disclaims any obligation to update any
forward-looking statements contained in this release, even if subsequent events
cause our views to change.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the
Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions
relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com or visit www.rns.com.
END
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