Concepta PLC Admission to AIM (1752F)
26 July 2016 - 5:00PM
UK Regulatory
TIDMCPT
RNS Number : 1752F
Concepta PLC
26 July 2016
26 July 2016
Concepta plc ("Concepta" or the "Company")
Admission to AIM
Concepta plc (AIM:CPT), the pioneering UK healthcare company and
developer of a proprietary platform and suite of products targeted
at the personalised mobile health market with a primary focus on
women's fertility and specifically unexplained infertility,
announces that Admission of its Enlarged Share Capital to trading
on AIM has now commenced under the symbol "CPT". SPARK Advisory
Partners is acting as Nominated Adviser and Financial Adviser to
the Company with Beaufort Capital as Broker.
-- Innovative player in the Mobile Health and Connected Health Sector
-- Developed pioneering product 'MyLotus' for home self-testing
that helps women with unexplained infertility to conceive
-- MyLotus - only known consumer product to allow both
quantitative and qualitative measurement of a woman's personal hCG
and LH hormone levels in urine samples to help increase conception
rates
-- Defined route to market:
o Regulatory approvals in place for launch in China - first
order from distributor with payment in advance expected after AIM
admission
o CE-Marking for UK and Europe to follow in 2017
-- Significant market opportunity - Chinese and EU infertility market worth c.GBP600m per annum
-- Management has proven track record in the women's health diagnostics industry
-- New Product Development growth opportunities - proprietary
platform lends itself to wider family home-health monitoring to
improve individual health parameters including chronic stress,
inflammation, urinary tract and healthy pregnancy progression et
al.
Concepta's AIM Admission follows a reverse takeover from
Frontier Resources International plc ("Frontier"), the details of
which can be found in the announcement made by Frontier on 25 July
2016 'Result Of General Meetings And Open Offer'.
Erik Henau, Chief Executive Officer of Concepta plc said: "We
are delighted to be joining AIM at this transformational juncture
of our development and believe our listing will significantly
enhance our profile and visibility with future customers and
partners, as we look to launch our pioneering 'My Lotus' product,
targeted at helping women with unexplained infertility to conceive,
across key international growth markets.
"Unexplained infertility refers to women who have been unable to
conceive after six months of trying for a baby. The issue is
universal and largely unaffected by demographics, and accounts for
0.36% of the total population in any given market. Many women
within this group often have to wait months or even years before
they are eligible for medical intervention which can lead to a long
and worrying wait for women and families, not knowing whether or
not anything is wrong. As such, the market opportunity for a 'best
in class' product specifically aiming to help women with
unexplained infertility to conceive is huge, representing a highly
motivated yet neglected group.
"We are expecting a highly active start to our life on AIM, with
the roll out of My Lotus in China set to commence in Q3 2016 and
thereafter in the UK and Europe in 2017. In addition, our
proprietary platform lends itself to wider family home-health
monitoring, and we believe there are exciting growth opportunities
for Concepta in the future within the growing global connected
healthcare sector set to be worth $61bn by 2020 (PwC).
"Finally, the board joins me in welcoming our new and existing
shareholders to our register and we now look forward to
implementing our defined growth strategy focused on delivering
commercial success and becoming the global market leaders for
over-the counter products for women with fertility issues."
**ENDS**
Enquiries:
The Company
Adam Reynolds, Chairman
Tel: +44 (0) 7785 908158
SPARK Advisory Partners Limited (Nomad)
Neil Baldwin/Mark Brady
Tel: +44 (0)20 368 3550
Beaufort Securities Limited (Broker)
Jon Belliss
Tel: +44 (0)20 7382 8300
Yellow Jersey PR Limited (Financial PR)
Felicity Winkles/ Joe Burgess/ Josh Cole
Tel: +44 (0) 7748 843 871
About Concepta Plc:
Concepta plc is a pioneering UK healthcare company that has
developed a proprietary platform and products targeted at the
personalised mobile health market with a primary focus on women's
fertility and specifically unexplained infertility*.
Founded in 2013, Concepta has developed a revolutionary flagship
product 'MyLotus' for home self-testing that helps women with
unexplained infertility to conceive.
MyLotus is the only consumer product which allows both
quantitative and qualitative measurements of measurement of a
woman's personal hCG and LH hormone levels in an easy to use home
test to facilitate higher conception rates and early diagnosis of
any fertility problems. Competitor products currently only allow
qualitative measurement and are based on the 'average woman'.
Concepta has a defined route to market for its new 'My Lotus'
product with Regulatory approvals for launch in China in place for
2016 and CE-Marking for UK and Europe to follow in 2017 where the
revenue potential of the Chinese and EU infertility market is worth
c.GBP600m per annum for the company.
*Unexplained infertility refers to women that have been unable
to conceive after 6 months of trying. This highly motivated target
group of consumers won't typically be offered medical intervention
until 12 months of unsuccessfully trying, with IVF not offered
until two years. Research indicates couples start to take positive
action ahead of this time and there is little medical support to
help them do so.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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