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Amphion Innovations PLC

Amphion Innovations keen to hold onto Polarean Imaging stake

Snapshot

  • Investment firm focused on medical and technology sectors
  • Concentrated portfolio of seven companies
  • Motif Bio and Polarean Imaging are its listed holdings
Amphion Innovations PLC -

Quick facts: Amphion Innovations PLC

Price: 0.15 GBX

Market: AIM
Market Cap: £314.96 k
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We are excited by and steadfastly believe in the future prospects of Polarean and its important technology.

Amphion said

 

What Amphion does

Amphion Innovations PLC (LON:AMP) is an investment company that focuses on helping build companies in the medical and technology sectors.

The firm currently has shareholdings in seven partner companies that are developing technologies targeting what it says are “substantial commercial marketplaces” worth in excess of US$1bn.

 

What Amphion owns

The company has stakes in seven partner companies;

1. Axcess International – 15.07% stake – provides wireless systems that help monitor business activity in real-time in sectors such as transport and security

2. FireStar Software – 11.86% stake – develops software the helps companies to integrate and exchange data electronically in a private, secured structure

3. Polarean Imaging PLC (LON:POLX) – 15.97% stake – develops and sells hyperpolarised gas products that assist with medical imaging such as MRI scans

4. Motif Bio PLC (LON:MTFB) – 6.78% stake – an antibiotic developer focusing on diseases caused by drug-resistant bacteria

5.  PrivateMarkets – 25.33% stake – an online marketplace that links buyers and sellers of physical commodities such as gold and copper

6. WellGen – 24.34% stake – develops foods designed to help treat inflammation-based illnesses. The company also has a proprietary black tea extract that has been demonstrated to improve performance and recovery benefits such as a reduction in muscle soreness and reduced recovery time

7. DataTern – 100% stake – a company established for Amphion to commercialise intellectual properties that originate from its portfolio companies
 

 

Inflexion points

Company is in talks to extend loan facility currently of US$2.8mln

Loan facility is secured against stakes in Motif Bio and Polarean

Shares pledged were worth US$5.3mln in August

Amphion said it is working hard to try and replace or amend the loan facility to extend the repayment date past 30 September 2019 to ensure it does not have to sell more shares than entirely necessary. 

"We are excited by and steadfastly believe in the future prospects of Polarean and its important technology," it added.

At 0.15p Amphion has a market cap of £310,000

Total debts in its last statement were said to be US$30.3mln

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