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Reuters report on ICX (Hair Multiplication & Research)

posted by mroiz, 01.05.2008, 02:28

Another research excerpt:

ICX-TRC: Data from the hair restoration trial announced today shows that
ICX-TRC generates hair growth when used in conjuction with stimulation of the
scalp, with increased hair count at 12 weeks in the 5 subjects treated. Data from patients without scalp stimulation is less conclusive. Intercytex has announced its intention to partner ICX-TRC and not fund further trials internally. This strategy focuses Intercytex on its skin portfolio, leaving funding for development of these core products.

As for the stock taking a dive today on heavy volume, it looks like management sold quite a bit...not a good sign usually.

24/04/08

Intercytex Group plc

Block listing application

Intercytex Group plc (LSE: ICX) ("Intercytex" or the "Company";), the leading
cell therapy company, announces that application has been made to AIM, a market of the London Stock Exchange, for a block listing, of 2,000,000 ordinary shares of 1 pence each.

The application is in respect of shares to be allotted pursuant to the exercise of options under the Intercytex Group plc Share Incentive Plan.




However, a hedge fund just bought a large chunk of stock as well. This interest might be from one of their other products though:

Intercytex Group plc announced that it has received notification from River and Mercantile Asset Management LLP for the interest in 7,446,154 shares representing 9.38% of the issued share capital of the Company.


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