Tiziana Life Sciences plc: PDMR Dealing
Tiziana Life Sciences (Nasdaq: TLSA) recently reported that Panetta Partners Limited, associated with Executive Chairman Gabriele Cerrone, acquired 100,000 ordinary shares at 52p each. This purchase increased Cerrone's ownership from 34.078% to 34.129%, just above the 1% threshold set by the UK Takeover Code. Tiziana Life Sciences, focused on innovative therapeutics for oncology and inflammatory diseases, is set to initiate Phase 2 studies for its anti-CD3 monoclonal antibody, Foralumab, for treating Crohn's Disease and multiple sclerosis, furthering its pipeline of treatment options.
- Gabriele Cerrone increased his stake in Tiziana Life Sciences, indicating confidence in the company.
- Initiating Phase 2 studies for Foralumab, targeting multiple autoimmune diseases, shows potential for future revenue.
- None.
LONDON and NEW YORK, Sept. 28, 2021 (GLOBE NEWSWIRE) -- Tiziana Life Sciences plc (Nasdaq: TLSA / LSE: TILS) ("Tiziana" or the "Company"), a biotechnology company focused on innovative therapeutics for oncology, inflammation and infectious diseases, today announces that it has been notified that Panetta Partners Limited, an entity in which Gabriele Cerrone, the Executive Chairman has a beneficial interest, purchased 100,000 ordinary shares of 3p each in the market at a price of 52p per share.
The acquisition takes Mr Cerrone's interests from
| 1. | Details of PDMR / person closely associated | |
| a) | Name | Gabriele Cerrone |
| 2. | Reason for the notification | |
| a) | Position / status | Chairman |
| b) | Initial notification /amendment | Initial notification |
| 3. | Details of the issuer | |
| a) | Name | Tiziana Life Sciences plc |
| b) | LEI | 213800CED47HI8PIOB36 |
| 4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |
| a) | Description of the financial instrument | Ordinary Shares of 3p each |
| b) | Identification code of the Financial Instrument | ISIN for Tiziana Life Sciences plc: GB00BKWNZY55 |
| c) | Nature of the transaction | Market Purchase |
| d) | Price(s) and volume(s) | 52p 100,000 |
| f) | Date of the transaction | 27 September 2021 |
| g) | Place of the transaction | XLON |
About Tiziana Life Sciences
Tiziana Life Sciences plc is a dual listed (NASDAQ:TLSA, UK LSE: TILS) biotechnology company that focuses on the discovery and development of novel molecules to treat human diseases in oncology, inflammation and infectious diseases. In addition to Milciclib, the Company will be shortly initiating Phase 2 studies with orally administered Foralumab for Crohn's Disease and nasally administered Foralumab for progressive multiple sclerosis. Foralumab is the only fully human anti-CD3 monoclonal antibody ("mAb") in clinical development in the world. This Phase 2 compound has potential application in a wide range of autoimmune and inflammatory diseases, such as Crohn's Disease, multiple sclerosis, type-1 diabetes ("T1D"), inflammatory bowel disease ("IBD"), psoriasis and rheumatoid arthritis, where modulation of a T-cell response is desirable. The Company is accelerating development of anti-Interleukin 6 receptor ("IL6R") mAb, a fully human monoclonal antibody for treatment of IL6-induced inflammation, especially for treatment of COVID-19 patients.
For further enquiries:
| Tiziana Life Sciences plc | +44 (0)20 7495 2379 |
| Gabriele Cerrone, Chairman, and founder | |
| United States: | |
| Investors: | |
| Dave Gentry, CEO | |
| RedChip Companies Inc. | |
| 407-491-4498 | |
| dave@redchip.com | |
FAQ
What recent stock purchase was reported by Tiziana Life Sciences (TLSA)?
How has Gabriele Cerrone's stake in Tiziana Life Sciences changed?
What studies is Tiziana Life Sciences planning to initiate?
What is the significance of the share purchase by Panetta Partners Limited?
