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Shield Therapeutics makes a profit and is 'cash positive' during first-half of the year

Shield Therapeutics PLC's (LON:STX), Tim Watts talks to Proactive London about their latest interim results for the six months ended June 30, 2020 which resulted in a profit.

Watts looks back to the $11.4m deal signed in January with China's ASK Pharm and the progress made in agreeing the development plan with the Chinese regulatory authorities as the company looks ahead to expand the territories in which Ferracru® is marketed.

He also notes how Norgine grew net sales of Ferracru® in Europe by 50% and the first half sales in 2020 have matched the sales for the whole of 2019.

Quick facts: Shield Therapeutics PLC

Price: 137.5 GBX

Market: LSE
Market Cap: £161.13 m

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