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MIC Micap

0.375
0.00 (0.00%)
23 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Micap LSE:MIC London Ordinary Share GB0033274050 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.375 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.375 GBX

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Posted at 31/7/2008 18:09 by trixter
Does this look like an extension/development of MIC IP by Firmenich who MIC worked with? Has MIC been shafted? I wonder what happened to end the relationship? MIC taken to the cleaners? Seems like lots of interest developing in protecting flavours, etc....but MIC not doing much to protect themseleves..??

AIMHO etc.
Posted at 28/9/2007 08:10 by trixter
Well, could have been a lot worse. Placing provides a good foundation going forward and there are glimmers on the agrochemicals work. The increasing involvement of Mapstone has to be good news. I take it all back! There is still the tantalising link up with MDX (or not). I'd have liked to have bought more at the riduculous opening price, but cannot get any and the price is now up a bit - but still can't buy on line and it's 1.40 - 1.40 LOL! It would also be good if PIs could get the placing price occasionally.... Might drop as HB feed into the market, unless they already have a home for these? Otherwise at least the issued shares will be very tightly held. IMO, DYOR, etc.
Posted at 26/9/2007 20:13 by trixter
Opti - I hope your name isn't misplaced.

This was the mention of the UK in Nufarm's results relased yesterday.



"Both France and Spain also increased sales and profit, however the UK business suffered from the withdrawal of a product registration and delays in the introduction of planned new products. These impacts occurred very late in the financial year and had a substantial negative impact on the UK results."

Okay, Nufarm UK must have a few things on the go and this may: (i) mean nothing for Micap; (ii) mean the Micap programme has not gone well; (iii) the MICAP programme delayed (which we knew - they wanted another 6 months) but new products will come; (iv) other programmes not gone well - they need MICAP; (v) something else entirely. All speculation, AIMO, DYOR, etc. but thought I would at least share this morsel - there's not many crumbs for us to go on. Could be nothing, could be bad, could be good. Let's hope they tell us somethings soon! The full release from Nufarm can be found on their website - see above.
Posted at 26/9/2007 07:42 by trixter
Perhaps they are waiting for Mr Mapstone to get back from a round the world cruise or he's too pre-occupied fixing Hill Station...! Let's hope MIC are not another HLL!
Posted at 18/9/2007 10:45 by trixter
On the iii MIC board today there is speculation about the possible link between MIC and MDX (BPRG).

"Quite possible with the Meldex (Bioprogress) tie up.
Its old (2004) but these things take time.



I actually believe the results will show a marked improvement."

Anyone know the latest on this? MDX release results on 25/9. Wonder if MIC will release the same day? The chances narrow with every day that passes... I hold MIC. IMO, DYOR etc...
Posted at 06/4/2005 07:07 by pomp circumstance
At last!!!!


MICAP PLC
06 April 2005





6th April 2005

SKYEPHARMA NOMINATES PRODUCTS FURTHER TO EXERCISE OF OPTION
AND
TRADING UPDATE

Micap plc (LSE: MIC), the technology licensing company specialising in the
microencapsulation of active ingredients in yeast cells, today announces that
SkyePharma plc (LSE: SKP, Nasdaq: SKYE) will incorporate Micap's yeast-based
delivery system in its ongoing development of a further nine (9) pharmaceutical
products. This announcement completes SkyePharma's current option agreement with
Micap.

In March 2004, SkyePharma exercised an option to acquire an exclusive licence to
use Micap's patented microencapsulation technology. This allowed SkyePharma to
use Micap's technology for the delivery of hydrophobic drugs in up to ten
nominated pharmaceutical products ('Option Products') to be selected by
SkyePharma and in August 2004 the first Option Product was nominated.

SkyePharma has, since the first Option Product was nominated, been evaluating a
number of other potential Option Products, using its experience of drug delivery
technologies to identify those compounds most suitable for the Micap technology
and with the greatest market opportunity and has now nominated the remaining
nine (9) Option Products. Whilst the identity of these products cannot be
disclosed for reasons of commercial confidentiality, they are all oral doseage
forms and include a combination of proprietary and generic compounds.

Under the terms of the March 2004 agreement, royalties will be payable by
SkyePharma to Micap on sales made of, or licences granted on, any Option
Product. SkyePharma will also make milestone payments on the successful
completion of Phase II and Phase III clinical trials and also on the commercial
launch of the first Option Product.

Micap will now carry out an optimisation program on the encapsulated compounds
and SkyePharma will undertake formulation and stability studies with a view to
commencement of further pre-clinical trials.

Micap continues to be in discussions with a number of partners regarding
evaluation, development and licensing deals and hopes to be in a position to
inform shareholders of further progress on these negotiations soon. These
discussions have been progressing well, however, in some cases they have taken
longer than expected to conclude and whilst costs remain in line with
management's expectations, certain access and option fees anticipated to be
received in the financial year to 31 March 2005 will now fall due in the new
financial year.

The Board is pleased with the significant progress in both the quality and
number of Micap's partnerships and look forward to positive developments in the
coming months.

Michael Brennand, Chief Executive of Micap, said:

'The nomination by SkyePharma of their remaining Option Products is a
significant milestone for Micap. Not only are we moving to the next stage of
development with a world leading drug-delivery company, but the conclusion of
the Option agreement with SkyePharma allows us to actively market our patented
encapsulation system to other companies within the pharmaceutical market. We are
particularly excited about our opportunity in relation to topical skin
applications of products, where we have recently experienced highly positive
results in laboratory trials.'

For further information please contact:
Contact:

Micap plc +44 (0)1925 664200
Michael Brennand, CEO +44 (0)7966 341801
Michael Norris, CFO +44 (0)7966 341802

Binns & C PR +44 (0)20 7786 9600
Tarquin Edwards/Chris Steele 07879 458 364 / 07979 604 687
Posted at 23/2/2005 07:03 by pomp circumstance
RNS Number:9141I
MICAP PLC
23 February 2005



For release

23 February 2005

Micap plc

("Micap" or "the Company")

Acquisition of Rendel & Scherer GbR ("R&S") for up to Euro1.0 million

Micap plc, the UK microencapsulation specialist, announces the acquisition of
Rendel & Scherer GbR, a company with a strong reputation as a provider of
innovative microencapsulation solutions, originally to the food industry, and
more recently, a growing expertise within the Nutriceutical and Cosmeceutical
markets. The acquisition is expected to make a positive contribution to Group
profitability in its first year.

Michael Brennand, CEO of Micap, commented: "This is a very exciting acquisition,
which will bring new skills and intellectual property into the Group across a
wide range of microencapsulation technologies, and will help in establishing
Micap as the clear industry leader for industrial companies facing
microencapsulation challenges. We shall look to both R&S and Applied Analysis to
assist in our drive to commercialisation in the natural healthcare market, where
the opportunities for new product developments utilising microencapsulation are
significant".

Based in Bremerhaven, Germany, and founded in 2002, R&S is currently working on
a number of revenue generating projects, including long term royalty and
contractual arrangements with, inter alia, a leading German flavour house and a
supplier of yeast/cultures to the bakery and wine industry. R&S has also
recently supplied essential oils encapsulated in a novel delivery system to a
cosmetics partner, for use in a newly launched product. In addition R&S is a
partner in a European Network project called Flow-cap, where it is part of a
consortium of organisations developing a system to protect live probiotic
bacteria during processing. This system has applications in both the cheese and
candy industries.

The acquisition by Micap of the entire issued and potentially issuable share
capital of R&S, is for an initial consideration of Euro 0.25 million, with a
further Euro 0.75 million of deferred consideration subject to performance (see
footnote). The consideration is payable in a mixture of cash and ordinary shares
in Micap plc. A new company, Micap GmbH, has been created to acquire the
business of R&S, which is an established partnership between Mr Jorg Rendel and
Mr Carlo Scherer, who will both remain as directors of Micap GmbH.

Jorg Rendel, Director of R&S added: "Carlo and I are delighted to be joining the
Micap group, and we look forward to the opportunity of utilising Micap's
exciting technologies and bringing our know-how, experience and skills in
microencapsulation solutions to a wide range of new challenges".


- Ends -

For further information:

Micap plc Tel: +44 (0) 1925 664 200
Mike Brennand, Chief Executive +44 (0) 7966 341801

Michael Norris, Finance Director +44 (0) 7966 341802

Binns & Co Tel: +44 (0) 20 7786 9600
Chris Steele/Tarquin Edwards +44 (0) 7979 604 687 / +44 (0) 7879 458 364




Footnote

The deferred consideration of up to Euro 750,000 is payable to the Vendors (Messrs.
Rendel and Scherer) subject to achievement of turnover targets as follows:

Calendar year Turnover target Consideration in cash Consideration in shares

2005 Euro 500,000 Euro 100,000 Euro 100,000
Euro 750,000 No further payment Further Euro 50,000
2006 Euro 1,300,000 Euro 150,000 Euro 150,000
Euro 2,000,000 No further payment Further Euro 150,000
2007 Euro 1,300,000 Euro 25,000 Euro 25,000

In assessing the number of shares in the Company to be issued to the Vendors
pursuant to the deferred consideration referred to above, the value attributed
to each share shall be the average of the middle market quotations of shares in
the Company as derived from the AIM market daily list for the thirty days prior
to the date on which the payments become due.

The company can, at its sole discretion, opt to pay the share element of the
deferred consideration in cash.

Notes to editors:

About Micap
Micap listed on AIM in August 2003 and is a UK technology licensing company
specialising in the microencapsulation of active ingredients within yeast
cells. For further details visit www.micap.co.uk Microencapsulation is a process
whereby tiny droplets of liquid or particles of solid material are coated with a
continuous film of polymeric material. Microcapsules have several benefits,
including conversion of liquids to solids; separating reactive compounds;
protecting substances against environmental factors; and improving the material
handling properties. Micap's unique proprietary technology involves using killed
yeast cells as natural capsules to protect the active ingredient. Yeast
encapsulation can protect active ingredients against high temperatures, the
effects of the sun, pressure and degradation through exposure to the air. The
natural affinity of yeast cells for mucous membranes can also be exploited for
targeted drug delivery.





This information is provided by RNS
The company news service from the London Stock Exchange

END
ACQTTMRTMMATBIA
Posted at 20/10/2004 07:42 by m.t.glass
"...Discussions are currently underway with a major multinational..."




MICAP PLC
20 October 2004


Micap plc

20th October 2004

Micap plc announces positive results of a recent study on use of Micap
encapsulated fungicides to improve control of fungal damage to cereal crops.

Micap plc ('Micap', LSE: MIC) today announces new business opportunities in the
area of agrochemicals.

Further to the recently-reported success in the evaluation of Micap technology
for herbicides, promising new results have now been obtained in fungicide
applications. Micap has funded laboratory trials at the University of Nottingham
comparing the performance of a commercial fungicide formulation with a
formulation based on Micap technology. The target for the study was the ear
blight fungus Fusarium, which represents a significant commercial threat to
cereal farmers.

The outcome of the study showed that a standard Micap formulation performed well
compared to a commercial product for stem based disease control. Additionally,
in mature plants, when wheat ears were infected, the Micap formulation of the
fungicide tebuconazole outperformed the commercial product, resulting in an
increased grain yield.

In addition, subsequent studies have demonstrated a substantial reduction in the
levels of Fusarium mycotoxin present in the grain of Micap-treated plants. This
is a likely reflection of the benefit of sustained release of the active
ingredient. The use of the Micap encapsulation technology for the delivery of
fungicides offers the potential to control mycotoxin contamination of grain to
below 0.75ppm, the target level currently under review by the European Union.

Michael Brennand, Chief Executive of Micap, said: 'We are delighted at these
encouraging study results and look forward to the continued development of
fungicidal applications.'

Dr. Steve Rossall, senior lecturer in plant pathology at Nottingham University,
commented: 'The results produced by the Micap technology in the Fusarium study
were very promising, particularly since the formulation of the Micap product had
not been optimised.'

Discussions are currently underway with a major multinational to carry out field
trials incorporating the Micap formulation of tebuconazole used in the study.

Ongoing studies include the evaluation of Micap formulations of a number of
azole fungicides against their commercial equivalents, whilst trials of seed
dressing applications are currently at the planning stage.



Contact:

Micap plc 01925 664200
Michael Brennand, CEO 07966 341801
Michael Norris, Finance Director 07966 341802

Gavin Anderson & Company 020 7554 1400
Janine Brewis

About Micap
Micap listed on AIM in August 2003 and is a UK technology licensing company
specialising in the micro encapsulation of active ingredients within yeast
cells. For further details visit
www.micap.co.uk
.

Micro encapsulation is a process whereby tiny droplets of liquid or particles of
solid material are coated with a continuous film of polymeric material.
Microcapsules have several benefits, including conversion of liquids to solids;
separating reactive compounds; protecting substances against environmental
factors; and improving the material handling properties. Micap's unique
proprietary technology involves using killed yeast cells as natural capsules to
protect the active ingredient. Yeast encapsulation can protect active
ingredients against high temperatures, the effects of the sun, pressure and
degradation through exposure to the air. The natural affinity of yeast cells
for mucous membranes can also be exploited for targeted drug delivery.


About Fusarium blight

The global market for agrochemicals is around $30bn and is split into three main
sectors: herbicides, fungicides and insecticides.

Fusarium is a stem-based pathogen of cereals which primarily affects the ears,
causing reduced yield and importantly a contamination of the grain with
mycotoxins, which are potentially harmful to people. Fusarium Ear Blight
infection was estimated to cause a loss in excess of $2.5bn to farmers in the US
between 1998-2000 (Ngenje et al, Oct 2001).

Mycotoxins

Mycotoxins are toxic chemicals produced by moulds growing on food commodities or
animal feedstuffs. In order to protect public health, they are subject to
government regulation in most countries.



This information is provided by RNS
The company news service from the London Stock Exchange
Posted at 25/8/2004 07:37 by m.t.glass
Beckaroo - more on that catheter grant:


RNS Number:2801C
MICAP PLC
25 August 2004
25 August 2004
Micap plc

("Micap" or "the Company")

Micap to benefit from UK Government's Nanotechnology funding for research into
antimicrobial technology for urinary catheters

Micap, the UK technology licensing company specialising in the micro
encapsulation of active ingredients within yeast cells, today announces that it
has been awarded funding from the UK Government's Micro and Nanotechnology
manufacturing initiative to carry out a development project investigating the
prevention of microbial colonisation of polyurethane-based catheters.

The total project value is approximately #260,000, and the new grants will cover
50% of this cost. The funding is for a two year project to develop the use of
antimicrobial technology from Manchester Metropolitan University, polyurethane
catheter technology from Biomer Technologies Ltd, and Micap PLC's yeast
microencapsulation technology.

The development will focus on nosocomial infections that represent an enormous
financial burden on healthcare systems in terms of extended hospital stay and
patient care. Many of these infections are catheter related and bacteria are
becoming increasingly resistant to most commonly used antibiotics and
antiseptics. For example, each year more than 1 million patients in U.S.
acute-care hospitals and extended-care facilities acquire such an infection
(Maki & Tambyah, Emerging Infectious Diseases, Mar-Apr 2001).

* This project will employ Micap's novel yeast based micro-encapsulation
technology, which is able to protect volatile antimicrobials through high
temperature polymer production and to control and target release of the
antimicrobial agent during the catheter lifetime.

* A combination of commercially available biocides and antibacterial natural
plant oils such as tea tree oil will be used to overcome problems of
bacterial resistance.

Dr Gordon Nelson, Technical Director at Micap, said: "We are delighted to
receive the award from the DTI. A successful outcome could help the NHS to save
millions of pounds each year by reducing antibiotic use, in addition to the
potential for freeing up hospital beds. The DTI support helps innovative
companies, such as Micap and Biomer, to turn their ideas into reality, creating
jobs and prosperity for the companies and the UK."

- Ends -


For further information:
Micap plc Tel: +44 (0)1925 664200
Dr Gordon Nelson, Technical Director +44 (0)7966 341814
Michael Norris, Finance Director +44 (0)7966 341802

Media enquiries:
Gavin Anderson

Liz Morley/Janine Brewis Tel: +44 (0)20 7554 1400

Notes to editors:

"Nosocomial" - a secondary disorder associated with being treated in a hospital
but unrelated to the patient's primary condition.

The DTI's Micro and Nanotechnology Manufacturing Initiative.

On 2 July 2003, the UK Science and Innovation Minister, Lord Sainsbury,
announced a cash injection of #90 million over the next six years to help
industry harness the commercial opportunities offered by Micro and
Nanotechnologies (MNT). This #90 million will be spent on collaborative R&D and
a new network of Micro and Nanotechnology facilities, and forms the first step
of developing and implementing a new Technology Strategy.

This will help business build on the UK's excellent scientific track record in
these small-scale sciences and win a share of the developing market. The new
investment is also securing additional industry and regional spending
anticipated to exceed #200 million to provide a boost to future advanced
manufacturing in the UK.

Within this Initiative, DTI has allocated #50 million for grants under an
Applied Research Programme of collaborative R&D leading to significant economic
impact for the UK.

#40 million has also been allocated towards facilities development for a UK
Micro and Nanotechnology (MNT) Network. More information relating to the MNT
Network can be found at: www.microandnanotech.info.

Micap plc

Micap plc is a technology development, production and licensing company that
micro encapsulates active ingredients ('actives') in single celled organisms, in
particular yeast. These organisms can be used to protect and deliver 'actives'
for the flavouring, agrochemical and pharmaceutical industries. The natural cell
wall of the yeast protects the active ingredient against evaporation, pressure,
oxidation and light, allowing:

* Highly concentrated, heat resistant flavours
* Targeted drug delivery and delivery of drugs which alone would be
broken down in the stomach before taking effect
* Natural enhancement of cosmetic ingredients

Biomer Technologies

Biomer Technology Ltd (BTL), based in the UK, exploits intellectual property
associated with the development of novel polymers with attractive properties for
product applications in medical device applications.

BTL's enabling technologies are focused on developing materials and solutions
for the global healthcare market including, cardiovascular monitoring, drug
eluting materials, and other interventional applications. The BTL polymer
technologies include highly flexible medical grade polyurethanes (ZytarTM),
which have already been approved for use in humans, and a revolutionary
biocompatible coating system, which is under development for drug delivery,
tissue engineering and biocompatible coating applications.

Catheters Market

The US market for Antimicrobial Catheters in 2002 was $98.7 Million rising to
approximately $206 Million in 2006 (Frost and Sullivan Report - Antimicrobial
catheters market: revenue forecasts 1999-2009).


This information is provided by RNS
The company news service from the London Stock Exchange

END
RESILFFDTIISFIS
Posted at 17/8/2004 07:11 by bigboony
MICAP PLC
17 August 2004


17 August, 2004


SKYEPHARMA EXERCISES OPTION
UNDER AGREEMENT WITH MICAP

Micap plc (LSE: MIC), the technology licensing company specialising in the
microencapsulation of active ingredients in yeast cells, today announces that
SkyePharma plc (LSE: SKP, Nasdaq: SKYE) has decided to exercise its option to
select for further development a number of pharmaceutical products that
incorporate Micap's yeast-based delivery system.

In March 2004, SkyePharma exercised an option to acquire an exclusive licence to
use Micap's patented microencapsulation technology. This allows SkyePharma to
use Micap's technology for the delivery of hydrophobic drugs in up to ten
nominated pharmaceutical products ('Option Products') to be selected by
SkyePharma.

SkyePharma has subsequently been evaluating a number of potential Option
Products and is now in a position to nominate the first Option Product. The
identity of this product has not been disclosed for reasons of commercial
confidentiality. SkyePharma will continue to review additional product
opportunities, and expects to make further nominations prior to the expiry of
the Option Period.

Under the terms of the March agreement, ongoing royalties will be payable by
SkyePharma to Micap on sales made, or licences of, any Option Product.
SkyePharma will also make milestone payments on the first successful completion
of Phase II and Phase III clinical trials and also on the first commercial
launch of an Option Product.

Michael Brennand, Chief Executive of Micap, said: 'The commitment shown by
SkyePharma is a major validation of the potential applications of our
microencapsulation technology in the pharmaceutical area. We look forward to
progressing the relationship through clinical trials and product launches.'

Michael Ashton, Chief Executive of SkyePharma, said: 'We continue to be pleased
with our relationship with Micap. In January 2003, we agreed to evaluate the
application of the Micap microencapsulation technology to the delivery of
hydrophobic drugs. Following pre-clinical evaluation of the Micap technology in
both oral and topical drug delivery applications, we decided to exercise our
option in March this year. We are now able to report that we have selected the
first Option Product for further development. We will continue to evaluate other
candidate Option Products, which we must nominate by the end of March 2005. The
Micap technology further expands our growing range of drug delivery options.'


For further information please contact:

Contact:

Micap plc +44 (0)1925 664200
Michael Brennand, CEO +44 (0)7966 341801

Gavin Anderson & Company (For Micap) +44 (0)20 7554 1400
Liz Morley/Janine Brewis/Tom Siveyer

SkyePharma plc +44 (0)20 7491 1777

Michael Ashton, CEO
Peter Laing, Director of Corporate Communications +44 (0)20 7491 5124


Notes for editors:

About Micap

Micap is a UK technology licensing company specialising in the
microencapsulation of active ingredients within yeast cells. For further details
visit
www.micap.co.uk
.

About SkyePharma

SkyePharma develops pharmaceutical products benefiting from world-leading drug
delivery technologies that provide easier-to-use and more effective drug
formulations. There are now ten approved products incorporating SkyePharma's
technologies in the areas of oral, injectable, inhaled and topical delivery,
supported by advanced solubilisation capabilities. For more information, visit

www.skyepharma.com
.

About microencapsulation

Microencapsulation is a process whereby tiny droplets of liquid or particles of
solid material are coated with a continuous film of polymeric material.
Microcapsules have several benefits, including conversion of liquids to solids;
separating reactive compounds; protecting substances against environmental
factors; and improving the material handling properties. Micap's unique
proprietary technology involves using killed yeast cells as natural capsules to
protect the active ingredient. Yeast encapsulation can protect active
ingredients against high temperatures, the effects of the sun, pressure and
degradation through exposure to the air. The natural affinity of yeast cells for
mucous membranes can also be exploited for targeted drug delivery.

About hydrophobic drugs

Certain pharmaceuticals dissolve readily in oils or organic solvents but are
wholly or partially insoluble in water. These hydrophobic drugs pose particular
delivery problems since, in order to be properly absorbed by the body, nearly
all drugs need to dissolve in water.


This information is provided by RNS
The company news service from the London Stock Exchange
Micap share price data is direct from the London Stock Exchange

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