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Friday 22 May 2020
First Sentinel Plc
(“First Sentinel” or the “Company”)
First Sentinel announces Investment of Capital in Stabilitech Biopharma Limited
Alternative investment company First Sentinel Plc is pleased to announce today
that it has invested a total of GBP270,000 in Stabilitech Biopharma Limited
through the acquisition of 23,336 ordinary shares giving First Sentinel an
equity interest of approximately 0.675% in Stabilitech following the closing of
the current GBP6m funding round currently being conducted.
In conjunction with this, their partner company First Sentinel Corporate
Finance has been appointed as Stabilitech’s fundraising advisor with respect to
the current private capital raise.
Stabilitech is a UK based biotechnology company developing next generation
vaccines and biopharmaceuticals since 2005. Currently, Stabilitech is focused
on the development of OraPro-COVID-19, an oral vaccine that provides double
immunity, can be self- administered and delivered by post.
More than 50% of vaccines worldwide are lost because of cold-chain storage, as
regular vaccines require storage conditions of -20 to -80C, which is extremely
hard to maintain during transportation. What is unique about Stabilitech’s
vaccine-in-a-capsule technology is that the capsules are thermally stable and
thus can be transported at temperatures up to 50C.
After a successful safety animal trial, clinical trials are expected to start
in June and the thermally stable oral vaccine could be available for
distribution by the end of 2020.
About First Sentinel
First Sentinel is an alternative investment company, registered with the FCA as
a small authorised UK AIFM, which provides growth capital for public and
private company investments. First Sentinel invests in a range of debt and
equity instruments in target portfolio companies.
The Company’s website is www.first-sentinel.com
For further corporate information, please contact:
Mr. Brian Stockbridge
First Sentinel Plc
Tel: + 44 (0) 7876 888 011
AQSE Corporate Advisor
Beaumont Cornish Limited
James Biddle / Roland Cornish
Tel: +44(0)20 7628 3396