Welcome

On 13 December 2012, the Company announced the sale of its Prevascar assets to the Palo Alto based, Delaware incorporated pharmaceutical company Targenics Inc.

The disposal of Prevascar has led to a fundamental change in the Company’s business as it no longer engages in any trading activities. The Company now constitutes an investing company, as provided for by Rule 15 of the AIM Rules for Companies issued by the London Stock Exchange. Accordingly, it was necessary for the Company to adopt and implement an investing policy. On 24 January 2013, the shareholders in General Meeting approved the policy - details of which are available here.

An indexed pdf version of our 2012 Annual Report is now available in our Investors' section. Interim announcements can be found in the News section at the bottom of this page.

Renovo Business Strategy

Renovo is well funded and its future strategy is aimed at maximising shareholder value. The Company has become an investing company and will consider all options available to it in addition to realising value, where possible, from its remaining portfolio of clinical and preclinical candidates and intellectual property. The directors do not intend to place any restrictions on the nature of the business carried out by potential acquisition and merger targets. Renovo’s cost base is being minimised wherever possible in order to maximise the Company’s available cash. The Investing Policy adopted by members in General Meeting on 24 January 2013 is available here.

News, Events and Announcements

No events for this year.

Renovo takes stake in Ultimate Finance Group

Friday, 21 December 2012

Renovo Group (LON:RNVO) has participated in the placing announced this morning by Ultimate Finance Group (LON:UFG).

Renovo has ploughed £1.7m into Ultimate Finance in return f...Read more

Renovo sells Prevascar for US$660,000

Thursday, 13 December 2012

 

Biotech junior Renovo (LON:RNVO) is set to claw back up to US$660,000 through the sale of its Prevascar assets.

In April Renovo confirmed pessimis...Read more