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Microsaic Systems
- BY: Andrew Hore |
- POSTED: 19/06/2017 |
Mass spectrometry instruments developer Microsaic Systems says that 2017 revenues will be lower but the loss should be similar to 2016.
First half trading conditions are difficult and interim revenues will be much lower than expected. This is only partly offset by lower revenues.
The share price slumped 0.58p to 2.05p. Nearly one year ago Microsaic raised £5.4m at 5p a share. There is still £4.2m in the bank.
A revised strategy is focusing on the bioprocessing market, particularly those companies involved on biologic purification. A collaboration agreement has been secured with a manufacturer.
Microsaic is seeking a new chief executive.
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