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Issued on behalf of Premaitha Health plc
Manchester, UK: Wednesday, 21 December 2016

Premaitha Health PLC
(“Premaitha” or “the Company”)

Half Year Results

Manchester, UK – 21 December 2016: Premaitha Health (AIM: NIPT), developer of a leading CE-marked non-invasive prenatal screening system, announces its half year results for the six months ended 30 September 2016.

Financial position

• Revenues increased by 130% to £1.5m (H1 15/16: £0.6m) to a diversified international client base
• Gross profit of £0.6m, 41% of revenues (H1 15/16: £0.3m, 41%)
• General administrative expenses of £3.9m (H1 15/16: £2.9m) reflecting investment in development, commercial and operations capabilities
• Loss on ordinary activities before taxation of £3.6m (H1 15/16: £4.4m)
• Cash balance at the period end was £2.7m (H1 15/16: £6.6m)
• Further £4.0m investment by Thermo Fisher in form of loan extension and warrants

Operational highlights

• Transformative acquisition of Yourgene Bioscience, Taiwan, please see separate announcement
• The IONA®  test is now installed in 13 laboratories across Europe, Russia, the Middle East and Asia
• Premaitha now supplies over 50 UK hospitals through client laboratories and in-house clinical service
• NHS to make non-invasive prenatal screening tests (“NIPT”) available for high risk cases from 2018
• Reshaping European distribution network:
       Advanced talks with major European laboratory chain
       Swiss customer, Genoma, facing financial challenges
       Extending successful distributor coverage
• Sizeable growth opportunities in the Middle East and Asia
• Litigation hearings scheduled for summer 2017, EU Competition Commission investigation into Illumina ongoing

Appointment of Adam Reynolds as Chairman

Dr Stephen Little, CEO of Premaitha, said:

“We are very pleased with the progress being made with the IONA® test in the regions where we are operational, and we have positioned ourselves to take advantage of the exceptional opportunities emerging in the Middle East and Asia.  A combination of awareness of NIPT along with the reputation of the IONA® test for reliability and accuracy, has resulted in the IONA® test being adopted by both new laboratories and by customers who have already tried offering NIPT through alternative providers.

“Within Europe and the Middle East we continue to make excellent progress with a substantial pipeline of new customers that we believe will generate significant revenues in the medium term. Although Genoma’s financial difficulties will affect current year sales, the momentum of other contracts from our diversified customer base will more than compensate for this in the next financial year and beyond.”

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

View Interim Report - Sept 2016 PDF

For more information, please contact:

Premaitha Health plc
Dr Stephen Little, Chief Executive Office
Joanne Cross, Head of Marketing
This email address is being protected from spambots. You need JavaScript enabled to view it.
Tel: +44 (0) 161 667 6865

Cairn Financial Advisers LLP (Nomad)
Liam Murray
Tel: +44 (0) 20 7148 7900

finnCap (Joint Broker)
Adrian Hargrave / Scott Mathieson (Corporate Finance)
Tony Quirke (Corporate Broking)
Tel: +44 (0) 20 7220 0500

Vigo Communications
Ben Simons / Fiona Henson / Antonia Pollock
This email address is being protected from spambots. You need JavaScript enabled to view it.
Tel: +44 (0) 20 7830 9700

About Premaitha

Premaitha is a molecular diagnostics company which uses the latest advances in DNA analysis technology to develop safer, faster and regulatory approved non-invasive screening tests for pregnant women.

Premaitha’s lead test – the IONA® test – was launched in February 2015 and is the leading CE marked complete system which estimates the risk of a fetus being affected with Down’s syndrome or other genetic conditions. The IONA® test is performed on the mother’s blood sample - which contains traces of fetal DNA - and then analysed using next generation DNA sequencing technology from ThermoFisher Scientific.

Unlike existing prenatal screening methods, due to its high level of accuracy, the IONA® test can significantly reduce the number of women subjected to unnecessary stressful and invasive follow up diagnostic procedures which are costly, resource intensive and carry a risk of miscarriage. Non-invasive prenatal screening is an emerging, multi-billion dollar global market and Premaitha’s complete CE Marked system enables laboratories and health care practitioners to offer an approved, non-invasive prenatal screening system in-house.

Premaitha is based in Manchester Science Park, United Kingdom and its shares trade on the AIM market of the London Stock Exchange (AIM: NIPT). For further information please visit www.premaitha.com. Follow us on twitter @PremaithaHealth.

  • 19 May 2017 - Premaitha welcomes NIPT recommendation in France +

    Premaitha Health PLC
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    Premaitha welcomes NIPT recommendation in France
     
    Haute Authorité de Santé recommends introduction of NIPT for high and intermediate risk women
     
    Manchester, UK – 19 May 2017: Premaitha Health plc (AIM: NIPT, “Premaitha” or the “Company”), a leading international molecular diagnostics group focused on prenatal testing, welcomes the recommendation by the Haute Authorité de Santé (“HAS”), the French National Authority for Health, to make non-invasive prenatal
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  • 12 May 2017 - Update Re. Swiss Customer +

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    Manchester, UK – 12 May 2017: Premaitha Health plc (AIM: NIPT, “Premaitha” or the “Company”), a leading international molecular diagnostics group focused on prenatal testing, announces that the Company’s application for its Swiss customer, Genoma SA (“Genoma”), to be placed into bankruptcy for non-payment of debts has been successful (the “Ruling”).

    As previously announced in the Company’s interim results (see RNS announcement on 21

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  • 13 March 2017 - Premaitha Raises Awareness of the IONA® Test at Key International Medical Events +

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    Premaitha Raises Awareness of the IONA ® Test at Key International Medical Events

    Manchester, UK – 13 March 2017: Premaitha Health PLC (AIM: NIPT), a leading international molecular diagnostics group focused on prenatal testing, will be attending a series of key international fetal medicine and OB/GYN events during March to broaden awareness of the IONA ® test. The events will include:

    The Royal College of Obstetricians and Gynaecologists

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  • 27 February 2017 - Completion of Yourgene Acquisition, Issue of Shares and Director Appointments +

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    Completion of Yourgene Acquisition, Issue of Shares and Director Appointments

    Manchester, UK – 27 February 2017: Premaitha Health PLC (AIM: NIPT), a leading international molecular diagnostics group focused on prenatal testing, announces regulatory clearance for the completion of the acquisition of Yourgene Bioscience Co., Ltd (“Yourgene”).

    The acquisition of Yourgene, announced on 21 December 2016, has now received regulatory clearance as required by Taiwanese law. 

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  • 20 February 2017 - Middle East Business Update +

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    Middle East Business Update

    Manchester, UK – 20 February 2017: Premaitha Health PLC (AIM: NIPT), developer of a leading CE-marked non-invasive prenatal screening system, is pleased to announce significant commercial progress in the Middle East through its distribution network.

    Premaitha has appointed distributors across the Middle East and these partners have signed a number of new Middle Eastern customers which in aggregate are expected to generate over 10,000

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  • 16 February 2017 - Publication of scientific paper on Premaitha’s IONA® test +

    Premaitha Health PLC
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    Manchester, UK – 16 February 2017 : Premaitha Health, developer of a leading CE-marked non-invasive prenatal screening system, is pleased to announce the publication of “ The IONA® Test: Development of an Automated Cell-Free DNA-Based Screening Test for Fetal Trisomies 13, 18, and 21 That Employs the Ion Proton Semiconductor Sequencing Platform ” in Fetal Diagnosis and Therapy.

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  • 15 February 2017 - Issue of Equity +

    Premaitha Health plc
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    Manchester, UK - 15 February 2017: Premaitha Health plc (AIM: NIPT), developer of a leading CE-marked non-invasive prenatal screening system, announces that it has agreed to issue to Harwood Capital ("Harwood") 17,000,000 new ordinary shares of 0.1 pence per share, subject to admission to AIM, raising £1,487,500 at a price of 8.75 pence per share. Following the allotment of the shares, Harwood's holding will represent 6.9%

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  • 13 February 2017 - New partnership with major European diagnostics group +

    Premaitha Health PLC
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    Manchester, UK – 13 February 2017: Premaitha Health PLC (AIM: NIPT), developer of a leading CE-marked non-invasive prenatal screening system, announces a partnership with a major international diagnostics services group to implement the IONA ® test in at least two laboratories.

    Premaitha, through its distribution network, has secured a four-year Master Procurement Agreement (the “MPA”) with a major European diagnostics services

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  • 7 February 2017 - Southern Europe Business Update +

    Premaitha Health PLC
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    Southern Europe Business Update

    Manchester, UK – 7 February 2017: Premaitha Health PLC (AIM: NIPT), developer of a leading CE-marked non-invasive prenatal screening system, announces a number of new customers through its distribution network in Southern Europe.

    Italy
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  • 21 December 2016 - Conditional Acquisition of Yourgene Bioscience and Posting of Circular +

    Issued on behalf of Premaitha Health plc
    Manchester, UK: Wednesday, 21 December 2016

    Premaitha Health PLC
    (“Premaitha” or “the Company”)

    Conditional Acquisition of Yourgene Bioscience and Posting of Circular

    Manchester, UK – 21 December 2016: Premaitha Health PLC (AIM: NIPT), developer of a leading CEmarked non-invasive prenatal screening system (“NIPT”), announces the conditional acquisition of Yourgene Bioscience Co., Ltd (“Yourgene”) (the”Acquisition”), a significant NIPT provider in Asia and the posting shortly of a circular convening

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Investor Relations
Ben Simons / Fiona Henson
Vigo Communications
180 Piccadilly
London W1J 9HF
premaitha@vigocomms.com
T : +44 (0) 20 7830 9700

Public Relations
Sophie Burness / Ellie Scott
Kindred Agency
4th Floor, Dean Bradley House
52 Horseferry Road
London SW1P 2AF
IONAcampaigns@kindredagency.com
T : +44 (0) 20 7830 9700

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