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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Mgc Pharmaceuticals Limited | MXC | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
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|---|---|---|---|---|
| 0.00 | 0.00% | 22.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 22.00 |
| Industry Sector |
|---|
| PHARMACEUTICALS & BIOTECHNOLOGY |
| Top Posts |
|---|
Posted at 19/12/2023 08:12 by looneytune Real news:-MGC Pharmaceuticals Limited ArtemiC(TM) receives FDA Approval in Saudi Arabia 19/12/2023 7:57am RNS Non-Regulatory TIDMMXC MGC Pharmaceuticals Limited 19 December 2023 MGC Pharmaceuticals Ltd. ArtemiC(TM) receives FDA Approval in Saudi Arabia 19 December 2023 ASX, LSE: MXC MGC Pharmaceuticals Ltd (MGC Pharma, MGC or the Company), a European based pharmaceutical company specialising in the production and development of innovative medicines for unmet medical needs, is pleased to announce that it has been granted approval for its proprietary product ArtemiC(TM) by the Food and Drug Authority in the Kingdom of Saudi Arabia (Saudi FDA). Following the success of Phase II clinical trials[1] and European studies on its effectiveness in assisting with the recovery of patients from Covid and long-term Covid, ArtemiC(TM) has now been approved by the Saudi FDA as an over-the-counter (OTC) dietary supplement. In addition, MGC Pharma appointed specialist consultancy Capital Blossom Ltd in 2022 as its agent to the Kingdom of Saudi Arabia, Sultanate of Oman, United Arab Emirates, Bahrain, Kuwait, and Qatar. Capital Blossom, through its joint venture collaboration with its Saudi partner have worked on obtaining the approval of the Saudi FDA. Roby Zomer, CEO and Managing Director of MGC, commented : "We are delighted to receive Saudi FDA approval for ArtemiC(TM) which validates our product and follows the progress we had in USA earlier this year. We are hopeful this will materialise into commercial orders for MGC as we work closely with Capital Blossom Ltd who are specialists in this territory. About ArtemiC(TM) ArtemiC(TM) is a clinically tested product. Developed by MGC Pharma, it incorporates GraftBio(R) SNEDD technology, which increases the bioavailability of ArtemiC(TM)'s active ingredients. In a Phase II double-blind, placebo-controlled Clinical Trial on 50 patients with COVID-19, ArtemiC(TM) demonstrated the following advantages: -- A full safety and efficacy profile with no drug-adverse events. -- The ability to prevent deterioration of COVID-19 patients and achieve faster clinical improvement. -- The ability to reduce symptoms and pain associated with COVID-19. - Ends- |
Posted at 08/11/2023 10:04 by tomboyb TIDMMXCRNS Number : 7958S MGC Pharmaceuticals Limited 08 November 2023 MGC Pharmaceuticals Ltd. Capital Consolidation and US$7.9m Placement Completed 8 November 2023 ASX, LSE: MXC MGC Pharmaceuticals Ltd (MGC Pharma, MGC or the Company), a European based pharmaceutical company specialising in the production and development of innovative medicines for unmet medical needs, is pleased to announce that following shareholder approval at a General Meeting held on 25 October 2023, the consolidation of the Company's total issued capital on a 1:1,000 basis (Consolidation) has been completed, along with the settlement of the US$7.9m share placement (Placement) as announced on 1 November 2023. Upon completion of the Consolidation and Placement, the Company's capital structure will consist of the below: Class of Securities Number of Securities Fully Paid Ordinary Shares 35,430,491 -------------------- Unlisted options exercisable at US$0.32 on or before 7 November 2028 15,500,000 -------------------- Unlisted options (various ex. price from GBP1.20 to A$13.00, April 2024-July 2026) 858,824 -------------------- Performance Rights 18,400 -------------------- Convertible Notes (Mercer Opportunities Fund) 7,306,432 -------------------- As previously announced on 1 November 2023, the Company would like to clarify that following the Consolidation and Placement, only 3,067,543 ordinary shares were be admitted to the Financial Conduct Authority's Official List and to trading on the Main Market of London Stock Exchange plc. The remaining 32,362,948 ordinary shares (post completion of the Placement) that have not being admitted to trading were issued to the Australian market and are trading on the Australian Stock Exchange. These remaining ordinary shares are anticipated to be admitted to the Financial Conduct Authority's Official List and to trading on the Main Market of London Stock Exchange plc in due course and in accordance with the applicable regulatory timeframe under the FCA Listing Rules. Voting Rights The Company has 35,430,491 ordinary shares in issue, each with one voting right. Therefore, the Company ' s total number of shares on issue and voting rights is 35,430,491. This 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. Roby Zomer, Managing Director and CEO of MGC Pharma, commented: "I am delighted to announce that the Company has successfully concluded its full capital restructuring and refinancing, thanks to the backing of a number of strategic, high net worth investors from the United States and Europe. These individuals fully understand the Company's long-term potential and are committed to supporting its operations, execution of the business plan to maximise the MGC Pharma enterprise value and shareholder returns. As of today, our Company is now fully funded and well-positioned to proceed with the execution of its pharmaceutical work plan for 2024." - Ends- Authorised for release by the Board of Directors, for further information please contact: MGC Pharmaceuticals Ltd MGC Pharmaceuticals Ltd Roby Zomer Rowan Harland CEO & Managing Director Company Secretary +61 8 6555 2950 +61 8 6555 2950 info@mgcpharma.co.uk info@mgcpharma.co.uk UK IR/PR Advisers UK Brokers IFC Advisory Oberon Capital Graham Herring / Tim Metcalfe / Aimee McCusker / Adam Pollock Zach Cohen +44 203 179 5300 +44 203 934 6630 aimeemccusker@oberon mgcpharma@investor-f |
Posted at 04/11/2023 20:41 by pierre oreilly I doubt that, whatever the advfn graph says.It almost certain lost >50% on consolidation and the associated fund raising, not after. The opening price would have reflected the fund raising price (about 21p) and number of placing shares, and the pre consolidation price and number of shares, which result in a mid of about 25p. Those in the placement have gained a bit, existing holders lost a lot. (And if they weren't offered a price well below the prevailing price, no one would have subscribed and mxc would be bust). It hasn't gone down since the consolidation - but the point is pretty moot anyhow. |
Posted at 03/11/2023 10:46 by pierre oreilly I always wanted to keep a few pigs and goats on a smallholding.Well, I've got my smallholding, but in mxc, not the countryside. 1 for 1000 makes everyone a small holder I expect. Shame really, but the gov is being extremely obstinate - way beyond careful imv - in accepting the major benefits of cannabis derivatives, life changing for so many. Well we are still alive and kicking in spite of the government and nice. Anyhow, in shares like this, it is more than likely boom or bust, so occasionally we are likely to get a not so good outcome from small caps. C'est la vie, lets hope for better things in the future here, but meanwhile mentally write off any old investments here and anything back in a couple of years will be a bonus. |
Posted at 01/11/2023 07:21 by cal57 1 November 2023ASX Code: MXCLSE Code: MXC Fund RaisingMGC Secures US$7.9 Million In Firm Commitments for New MGC Pharmaceuticals Ltd (MGC Pharma, MGC or the Company) a European based pharmaceutical company specialising in the production and development of innovative medicines for unmet medical needs, is pleased to announce that following shareholder approval for a new share placement secured at the Company's General Meeting on 25th October 2023 (Placement), the Company confirms that it has received binding commitments from sophisticated and professional investors (Investors) to subscribe for US$8 million of new shares under the Placement, at an issue price of US$0.255 (A$0.40)1 per share (on a post-Consolidation basis).The issue of shares under the Placement is anticipated to occur in the next week, post completion of the 1:1000 consolidation of capital, as approved by shareholders at the same General Meeting on 25th October (Consolidation). Participants in the Placement will also receive one free attaching option for every two shares subscribed for and issued. The options will be exercisable at US$0.32 (A$0.50) (on a post-Consolidation basis), with a five-year term and will otherwise be issued on the terms and conditions set out in Schedule 1 of the Notice of Meeting dated 26 September 2023 (Options).Following the Placement, 31,000,000 fully paid ordinary shares and 15,500,000 Options will be issued with shareholder approval under Listing Rule 7.1 (obtained 25 October 2023).The US$7.9 million secured represents the minimum amount required to fund MGC Pharma's full business plan over the next 12-month period, that is focused on the IND applications of CimetrA and CannEpil in the USA .The Company currently intends to use the funds on the following basis2:? CannEpil® - initiation of phase II clinical trials (in Australia) and submission of the USA Investigational New Drug Application (Food and Drug Administration) - c.US$2.6m;? CimetrA® - completion of phase IIB dose finding study in Israel, and submission of the USA Investigational New Drug Application (Food and Drug Administration) c.US$2.4m;? Marketing and pharmaceutical conferences costs c.US$1.2m;? Working capital c.US$1.3m; and? Costs of placement including ASX, LSE costs and prospectus submission in the UK c.US$0.4mThe Company notes that the above use of funds is a statement of current intentions as of the date of this announcement. As with any budget, intervening events and new circumstances have the potential to affect the manner in which the funds are ultimately applied.The Investors were identified from within the existing network of the Company's Board and executive management through a bookbuild process, which involved seeking expressions of interest from unrelated professional investors, sophisticated investors and/or other investors that are exempt from the disclosure requirements in section 708 of the Corporations Act 2001 (Cth). Furthermore, the Company confirms that no fees will be paid to any party for managing the Placement.1 As approved by shareholders at the General Meeting held 25 October 2023, the issue price per share was equal to the volume weighted average |
Posted at 26/9/2023 08:58 by the truth hurts a lot Posters said there were boiler room paid rampers here, I never believed it, but it seems that Loon guy is a criminal on MXC books, paid to pump and ramp shares.How many are averaging 2p or more here? That's min -95% losses. Many said it's a bargain after every -10% and top-up. |
Posted at 31/7/2023 07:03 by looneytune More Progress:-MGC Pharmaceuticals Limited Permission for first import of Psilocybin Intraday Mgc Pharmaceuticals Chart Intraday Mgc Pharmaceuticals Chart 31/07/2023 7:00am UK Regulatory (RNS & others) TIDMMXC RNS Number : 6410H MGC Pharmaceuticals Limited 31 July 2023 MGC Pharma receives permission for first import of Psilocybin 31 July 2023 ASX Code: MXC LSE Code: MXC Highlights : -- First importation approval of Psilocybin Raw Mushrooms to MGC Slovenian Research -- MGC will perform an analysis on the materials with a view to further developing analytical and stability methods on the Psilocybin mushrooms. MGC Pharmaceuticals Ltd ('MGC Pharma' or 'the Company') a European based pharmaceutical company specialising in the production and development of plant derived medicines, is pleased to announce it has been granted its first import permit for 200g of Psilocybin Raw Mushroom material to its Slovenian research facility from Psyence Group Inc's ('Psyence') Southern Africa production site as part of the material transfer agreement signed between the two companies. Under the agreement, MGC Pharma will perform an analysis on the materials with a view to assist Psyence in the development of new psilocybin products to take to market, through its GMP-certified research facility in Slovenia that was recently approved for psilocybin compounding [1] . Psyence is a life science biotechnology company listed on the Canadian Securities Exchange (CSE:PSYG) and quoted on the OTCQB (OTCQB:PSYGF), with a focus on natural psychedelics. Psyence works with natural psilocybin products for the healing of psychological trauma and its mental health consequences. Psyence operates out of one of the world's first federally licensed commercial psilocybin mushroom cultivation and production facilities in Southern Africa and works to develop advanced natural psilocybin products for clinical research and development. Psilocybin is a naturally occurring psychedelic prodrug compound produced by more than 200 species of fungi. Psyence focuses on developing propriety natural psilocybin drug development and treatment protocols with a focus on palliative care. The company cultivates natural psilocybin mushrooms (Psilocybe Cubensis) at its federally licensed facility. Following MGC's successful audit of the Psyence production site to ensure that it meets the standards necessary to proceed with the export to MGC's European facilities, MGC has submitted and was granted the import approval of psilocybin. Psyence will complete the export on receipt of the export permit. Based on the analytical findings and results of the technical evaluation of the first delivery of 200g of Psilocybin Raw Mushrooms, MGC will develop analytical methods and stability testing to meet ICH guidelines. Roby Zomer, CEO and Managing Director of MGC Pharmaceuticals, commented: "We are delighted to receive the first import approval of psilocybin under our collaboration with Psyence, which constitutes our first entry into the psilocybin market. This partnership marks a significant milestone for MGC Pharma following our recent approval for psilocybin research in our Slovenian facility and reinforces our commitment to growth and innovation. "By joining forces with Psyence, we are combining our respective strengths and expertise to unlock new opportunities and deliver exceptional value to our customers. This collaboration enhances our ambitions to be one of the first companies to provide Psilocybin treatments alongside our plant-based treatments." Tony Budden, Director of Strategy and Head of Production at Psyence added: " Psyence Production is pleased to collaborate with MGC Pharma in the research and development of standardized psilocybin containing products from our mushrooms. Having access to MGC's EU-GMP R&D lab, expert team and resources will help accelerate this process and we look forward to working together." -Ends- Authorised for release by the board of directors, for further information please contact: |
Posted at 16/7/2023 16:53 by the mugger FLC - 03 Jul 2023 - 17:02:46 - 4740 of 4814 MXC Moderated - MXCWell they're still getting support from the institutions so there must be something in it. How many early stage pharmas book revenue?...not many. I saw Graft Polymer took a pounding today so wonder what's behind that. FLC - 26 Jun 2023 - 16:39:43 - 4716 of 4814 MXC Moderated - MXC Still here FLC - 08 May 2023 - 09:28:33 - 4579 of 4814 MXC Moderated - MXC I have to admit but a market cap of £12m does seem ridiculous especially with Malta just about to crank up to service what could be a huge US distribution. I think its the cash burn and future funding keeping the share price down but with this type of thing you never quite know what's around the corner. Defo worth a punt at this level so will be buying back in tomorrow...CHLL have trebled over the last few months and I reckon MXC are a much better bet. FLC - 09 May 2023 - 22:06:56 - 4582 of 4814 MXC Moderated - MXC What do any of us know sj, we're just the ones putting our money on the table and watching the share price go down ;-) |
Posted at 31/5/2023 10:25 by the mugger As clockwork, rns 2-3 weeks before the next Mercer conversion, expect another 2-3 irrelevant RNS.Last funding mid April, that money would be close to running out. 13/04/2023 7:00am UK Regulatory (RNS & others) Mgc Pharmaceuticals (LSE:MXC) Historical Stock Chart From Mar 2023 to May 2023 Click Here for more Mgc Pharmaceuticals Charts. TIDMMXC RNS Number : 0968W MGC Pharmaceuticals Limited 13 April 2023 MGC Pharmaceuticals Ltd. Fundraise closed raising up to a total of GBP2,090,890 (A$3,824,424) 13 April 2023 ASX, LSE: MXC |
Posted at 26/8/2022 08:43 by looneytune Application for quotation of +securitiesAnnouncement Summary Entity name MGC PHARMACEUTICALS LTD Announcement Type New announcement Date of this announcement Friday August 26, 2022 The +securities to be quoted are: Other Total number of +securities to be quoted ASX +security code MXC Security description ORDINARY FULLY PAID Number of +securities to be quoted 20,000,000 Issue date 26/08/2022 Refer to next page for full details of the announcement Application for quotation of +securities 1 / 6 Application for quotation of +securities Part 1 - Entity and announcement details 1.1 Name of entity MGC PHARMACEUTICALS LTD We (the entity named above) apply for +quotation of the following +securities and agree to the matters set out in Appendix 2A of the ASX Listing Rules. 1.2 Registered number type ABN 1.3 ASX issuer code MXC 1.4 The announcement is New announcement 1.5 Date of this announcement 26/8/2022 Registration number 30116800269 Application for quotation of +securities 2 / 6 Application for quotation of +securities Part 2 - Type of Issue 2.1 The +securities to be quoted are: Other 2.2 The +securities to be quoted are: Additional +securities in a class that is already quoted on ASX ("existing class") 2.3c Have these +securities been offered under a +disclosure document or +PDS? No 2.3d Please provide any further information needed to understand the circumstances in which you are applying to have these +securities quoted on ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B The securities have been issued in lieu of payments to employee/consultants of the Company in order for the Company to preserve working capital. Approval to issue the securities was received after business hours on the 25/8/22, as such an Appendix 3B was not deemed necessary as an Appendix 2A would be released on the same day as the Appendix 3B. 2.4 Any on-sale of the +securities to be quoted within 12 months of their date of issue will comply with the secondary sale provisions in sections 707(3) and 1012C(6) of the Corporations Act by virtue of: The publication of a cleansing notice under section 708A(5), 708AA(2)(f), 1012DA(5) or 1012DAA(2)(f) Application for quotation of +securities 3 / 6 Application for quotation of +securities Part 3B - number and type of +securities to be quoted (existing class) where issue has not previously been notified to ASX in an Appendix 3B Additional +securities to be quoted in an existing class ASX +security code and description MXC : ORDINARY FULLY PAID Issue date 26/8/2022 Will the +securities to be quoted rank equally in all respects from their issue date with the existing issued +securities in that class? Yes Issue details Number of +securities to be quoted 20,000,000 Are the +securities being issued for a cash consideration? No Please describe the consideration being provided for the +securities The securities are being issued to employees/consultant Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted 0.019000 Any other information the entity wishes to provide about the +securities to be quoted The purpose(s) for which the entity is issuing the securities To pay for services rendered Please provide additional details The securities are being issued to employees/consultant Application for quotation of +securities 4 / 6 Application for quotation of +securities Part 4 - Issued capital following quotation 4.1 Quoted +securities (total number of each +class of +securities quoted on ASX following the +quotation of the +securities subject of this application) Total number of ASX +security code and description +securities on issue Following the quotation of the +securities the subject of this application, the issued capital of the entity will comprise: (A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance currently with ASX for processing.) MXC : ORDINARY FULLY PAID 4.2 Unquoted +securities (total number of each +class of +securities issued but not quoted on ASX) 2,850,647,321 ASX +security code and description MXCAF : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES MXCAG : PERFORMANCE RIGHTS MXCAAA : CONVERTIBLE NOTES MXCAAC : CLASS B PERFORMANCE RIGHTS MXCAAD : CLASS C PERFORMANCE RIGHTS MXCAH : OPTION EXPIRING 31-MAR-2023 EX $0.026 MXCAI : OPTION EXPIRING 31-MAR-2023 EX GBP0.01475 MXCAAE : CLASS D PERFORMANCE RIGHTS MXCAAF : CLASS E PERFORMANCE RIGHTS Total number of +securities on issue 60,300,000 22,275,000 3,420,000 39,900,000 6,000,000 7,692,308 26,440,678 250,000 250,000 Application for quotation of +securities 5 / 6 Application for quotation of +securities Part 5 - Other Listing Rule requirements No 5.2 Has the entity obtained, or is it obtaining, +security holder approval for the issue under listing rule 7.1? No 5.2b Are any of the +securities being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1? Yes 5.2b.1 How many +securities are being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1? 20,000,000 5.2c Are any of the +securities being issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A (if applicable)? No 5.1 Are the +securities being issued under an exception in Listing Rule 7.2 and therefore the issue does not need any security holder approval under Listing Rule 7.1? Application for quotation of +securities 6 / 6 |
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