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GSTechnologies on the up after contract win

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GSTechnologies Ltd (LON:GST) has bagged a contract worth roughly US$1mln, sending its shares 19% higher to 0.16p.

Under the contract, the company’s EMS Wiring Systems subsidiary will provide two types of integrated security system.

GSTechnologies expects the contract to complete by the end of the first quarter of next year.

Sareum Holdings PLC (LON:SAR), up 29% at 1.675p, was London’s top riser after some welcome publicity in Nature, a peer-reviewed research journal.

The journal published details of a multi-centre analysis of DNA samples from patients with severe forms of coronavirus (COVID-19), including symptoms caused by the overactive inflammatory response (cytokine storm). The analysis identified TYK2 as a key causative genetic mechanism and a potential target for therapy.

The specialist drug development company, which is delivering targeted small molecule therapeutics to improve the treatment of cancer and autoimmune diseases, said the observation is consistent with the scientific rationale supporting Sareum’s recent successful UK Research & Innovation (UKRI) grant application for its proprietary TYK2/JAK1 inhibitor, SDC-1801.

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