Premaitha Health (#NIPT) - proposed placing to raise £8million
- 2015-07-01 23:29:50
UK 09:13 Sunday, 27 September 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Panmure Gordon is house broker to Premaitha (NIPT) so take its morning note with a pinch of salt. It is paid to say buy. However for what it is worth here is its analysis of today's news and its forecasts.
The Daily Mail & BBC this weekend ran stories about how the NHS was doing trials which would see all pregnant women getting a non invasive pre-natal test for down's syndrome. The Mail piece sums it up HERE
We have tipped Premaitha (NIPT) before and our readers have banked big gains on it Now the time is right for re-entry and so this Adam Reynolds biotech play was our second May share tip of the month.
If you want me to analyse a stock for you just drop me a line at sqmir@hotmail.com - Today I look at JKX Oil & Gas, Premaitha Health and RapidCloud International.
Last week was a bit of a stomach churner for Premaitha (NIPT). The shares zoomed for about 30 minutes as it announced a stunning deal to commercialise its IONA test. They the tanked as a US giant launched a patent infringement case. Today they are zooming – up 37% at 24p – but I am not selling. In fact I am just kicking myself for not buying more at 16p a week ago!
In short: I am buggered if I know. The Nifty Fifty tipped the shares at a 15p offer and out target to sell is 30p as noted HERE at the weekend. The shares are now 24.5p to sell.
A few weeks earlier than we had expected, Premaitha Health (NIPT) has announced that it has received CE-mark approval for its Iona test and will therefore launch it commercially at once. This is good news and the shares are now 23.5p – 24.5p.
Premaitha (NIPT) has announced that it is almost there on getting the crucial CE-mark for its IONA test. It has passed two key milestones including ISO 13485:2003 certification which confirms that Premaitha's quality management system has been approved as applicable to the design, development and manufacture of in vitro diagnostic reagents and associated software for non-invasive assessment of genetic abnormalities.
One of the reasons that capitalism works while the alternative is doomed to fail is that failing companies can reinvent themselves.
Shares in Premaitha (NIPT) have slipped back to 17-17.5p as part of the pre Christmas non Santa rally. Results for the 7 months to 30 September were largely a Vialogy tidy up and were no great shakes. It is what will happen in 2015 that matters.
Today Pharma giant Roche has snapped up a California based form Ariosa which is big in what is termed NIPT. Panmure Gordon, house broker to Premaitha (NIPT) reckons this has a clear read across for its AIM listed client. In a note sent out today it writes:
Premaitha Health (NIPT) has updated investors attending its AGM that it believes its lead product “remains on target to be the first regulated CE marked ‘in vitro’ diagnostic product in the rapidly growing market for non-invasive prenatal screening”.
