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Proteome Sciences PLC - London-based protein-focused drug development services provider - Proteome tells annual general meeting on Thursday it is ‘confident and well positioned to see the business return to growth in 2024’. The company swung to a loss in 2023, as revenue fell by 36% due to a delay in the timing of services contracts. Since the start of 2024, Proteome has seen ‘significant’ customer engagement and interest in proteomics services, including a £500,000 contract for an unnamed US biopharmaceutical company to use Proteome’s mass spectrometry services, announced late last month.
Current stock price: 3.55 pence, up 1.1% in London on Thursday
12-month change: down 16%
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