Appendix 4C - Quarterly Cashflow Report
Starpharma today released its Quarterly Cash Flow Report for the period ended 30 June 2011.
The net cash burn for the year was $3.9m, resulting in a cash balance of $18.9m at 30 June 2011.
Shareholder Update: July 2011
In this issue:
› VivaGel® demonstrates efficacy in the treatment of bacterial vaginosis; Independent study finds link between bacterial vaginosis and HIV
› Japanese VivaGel® condom deal secures second largest condom market in the world
› Starpharma’s Priostar dendrimers improve bestselling herbicide
› Drug delivery program delivers early-stage results in improving blockbuster chemo drug.
Partners of Bacterial Vaginosis sufferers at increased risk of HIV
Starpharma today commented on results of a study which showed that men were three times more likely to contract HIV from their female partners if the women also had bacterial vaginosis (BV) in the three months before the men became infected.
Starpharma advances agrochemical program with improved performance of major product
Starpharma today announced encouraging results from studies applying its Priostar® dendrimer technology to the improvement of globally significant agrochemicals.
- Starpharma’s Priostar® dendrimer found to improve the effectiveness of agrochemicals including glyphosate, the most commonly used herbicide globally;
- Starpharma’s internal development program is focused on the improvement of several existing agrochemicals;
- New patent filing to extend coverage to 2029.
The Sunday Age: Science is Golden
The Age Journalist David Potts notes the resilience of biotech companies in volatile market conditions: ‘They might not make any money but, hey, that has never stopped a boom. Many biotech stocks have been surging in this sluggish sharemarket.’
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Herald Sun: Why it's hard to buy when a stock is on the rise
Herald Sun Journalist John Beveridge looks at the diverse, long term investment potential within Starpharma’s research portfolio: ‘Everybody loves to grab a bargain, but when you are aiming to make money, buying a share that is rising is a much better idea than having a constant anxiety attack about paying more than the last buyer.’
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