June 11, 2019 / 7:40 AM / 9 days ago

BUZZ-Venn Life Sciences: Surges; co sees revenue picking up after tough 2018

** Shares of biotech firm Venn Life Sciences rise 107.5% to 5.5 pence

** Co says it expects an increase in revenues in the coming months after posting 19.6% drop in revenue and wider core loss of 1.43 mln euros ($1.62 mln) in 2018

** “Post the year end, the company has experienced a continuation of prior year trends with low utilisation resulting in revenue and EBITDA being behind management forecasts for the year to date,” co says in a statement

** Stock up 226% YTD

$1 = 0.8827 euros

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