AIM WINNERS & LOSERS: Touchstone up on gas find, C4X on Sanofi deal
Mon, 12th Apr 2021 11:28
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.
AIM - WINNERS
Touchstone Exploration Inc, up 17% at 107.00 pence, 12-month range 22.2p-178p. The oil and gas explorer says flowback testing of one of its wells in Trinidad & Tobago confirmed a liquids-rich natural gas discovery. President & Chief Executive Paul Baay notes that the test results "demonstrate the clear future production opportunities for the company."
C4X Discovery PLC, up 12% at 44.85p, 12-month range 11.5p-54.5p. The drug development firm signs exclusive worldwide licensing agreement with Sanofi SA for C4XD's oral pre-clinical IL-17A inhibitor programme. C4XD will receive an upfront payment of EUR7 million and could receive up to a further EUR407 million in potential development, regulatory and commercialisation milestones, of which EUR11 million is in pre-clinical milestones, in addition to single-digit royalties. Sanofi shares were up 0.2% in Paris.