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Tech startups benefit from lighter regulation in coronavirus pandemic

Technology startups are gaining traction in the NHS as a result of the coronavirus crisis, in what some describe as a “revolution” for the health service.
Entrepreneurs say bureaucratic caution has been swept away to allow them to bring digital products into the health and social care system.

“It feels as if someone’s taken the handbrake off the NHS,” says Tom Wicher, chief executive of booking software provider DrDoctor, which has gained three big hospitals as clients since the start of the outbreak.

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“It’s like it’s been given permission to go fast.”
Remote working startups are among those benefiting.

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Pando, which allows healthcare workers to share sensitive medical messages and photos, claims to have seen an increase of 700% in its daily download rate since the start of the outbreak, with new users coming from across the NHS.

“There is something of a revolution happening,” says Dr Rhyddian Harris, a former clinician who works as a product manager for Pando.

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“The telemedicine agenda has been accelerated by about 10 years, simply because it is not safe or practical to do much of the traditional medical model.”
At the start of February, remote healthcare startup accuRx built a video consultation tool for GP practices and NHS trusts, to go with its existing text message product.

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Two months later, accuRx co-founder Jacob Haddad says it’s been used more than one million times.
“There’s been huge pressure to change how primary care is delivered and how GPs see patients,” he told Sky News.
“A year’s worth of change has just had to happen in a couple of weeks. That’s why we’ve seen such vast adoption.”

The UK’s coronavirus hotspots

GPs using the system say they’re unlikely to go back to the old method.
“We went from four to five weeks ago maybe only doing 20 or 30 online consultations a day to now doing over 100 online consultations a day,” says Dr Simon Brownleader, chair of the Tower Hamlets GP Care Group.
“It’s been revelatory.”
Doctors using Pando’s app, which is free for initial users and all NHS staff, although it does have a paid tier for heavy users, share the enthusiasm.
“Without it we’d be struggling as there’s no easy way to pass information between teams,” says Dr Richard Muswell, an air ambulance doctor at Bart’s Hospital in London.

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Campaigners caution against moving too fast if it compromises the long-term future of the NHS.
“Bureaucracy has a really important role to play in terms of safety, and safety is paramount,” says Cat Hobbs, founder of We Own It, which campaigns for public ownership of public services.
“This crisis is going to take some time to sort out and we need to be building up the capacity of the NHS while we do that, not having contracts awarded to private companies without a proper process.”
In recent months, high-profile NHS contracts have been handed to firms including Google, Amazon and controversial Silicon Valley startup Palantir, which was awarded the contract without a tender and is working for £1.

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Yet although these deals have been the focus of media attention, a leading investor in public sector startups warned that the successes of technology companies did not represent the full picture.
“The crisis has proven double edged for startups that support public services,” said Daniel Korski, co-founder of Public.
“On the one hand there is more appetite than ever before to deploy new technologies and startups have been given many opportunities especially across the NHS.
“On the other hand the government has in many cases – and for much larger contract sums – turned to existing incumbents, extending relationships that probably should by rights have ended.”
On 16 April, outsourcing giant Capita extended a contract with the Ministry of Justice to provide electronic tagging, worth £114m over three years.
In February, a Capita security worker who took bribes from criminals to remove their electronic tags was jailed for seven years.

Featured
Connecting in Covid times

In 2003 when Linden Lab launched the virtual world Second Life, it was a novelty and a huge success, with a community of over a million at its peak. A quaint convergence of unfettered imagination and dollar-powered real life — through avatars, business, product sales, music, movies, and even news reporting and politics — its ever-changing and expanding virtual world took off.
I visited a few times to research stories and marvel at people “buying” property, creating chic haute couture, building and selling homes, and having absurd keyboard-bashing sex with strangers (through self-created manga-style characters), all premised on an actual exchange rate of 320 Linden dollars to every US dollar.
Second Life was at once exhilarating, entertaining, educative, eyebrow-raising and strange. This is the world many are returning to in different forms as lives collapse and shrink uncomfortably into small bedrooms packed with dull relatives, bawling kids, and one shared television.
Unsurprisingly, as China reopens, the biggest queues are for the divorce office. Yet there is a rediscovery of the self, books and hobbies, but there is also an explosive urge to connect — and escape. And this urge might provide the kernel to repower travel, this time with greater relish and less haste.
With social interaction dramatically reduced, virtual contact is much in vogue, not necessarily through giant musclebound avatars, but through simple collaborative phone apps such as WeChat, WhatsApp, Skype, Zoom, Microsoft Teams, Google Hangouts, YouTube, Join.me, Yammer … the list goes on.
Having lost normal human contact we are now even more gregarious than before — like marooned survivors on a desert island — resulting in a curious hyper-engagement in socially distanced times where even neighbours cower if they spot you in the lift lobby.
Emboldened by the deafening quiet, wild animals are prowling city streets, peering into homes with undisguised curiosity in search of their own grocery shopping list that might include a human or two if the sell-by date is okay. The world is outside and we have become the denizens of the zoo, a great curiosity for passers-by.
Three cheers then for the wandering penguins, pumas, leopards, deer, monkeys, wild boars, elephants and mountain goats that have clattered into towns wondering what the fuss over humankind is all about with nary a massage parlour or a decent deli open. And where does that bloke David Attenborough live anyway? It’s a hard life for furry adventurers.
When my son was a young teen I remonstrated with him about his locked “man cave” where he sat in a pitch-black bedroom peering at a glowing laptop screen and, later, a phone. His friends would drop in and they all would sit in the dark room — like a coven of diminutive druids in hoodies — peering at their own screens, wordlessly texting each other.
“Why don’t you all just talk?” I would inquire. “We are,” someone would mumble. Well, at least they were saving electricity.
This thought crossed my mind as I lay in bed with the lights out peering at my glowing iPhone trying to raise friends from New Delhi to Singapore, London and Los Angeles. I checked to see what my son, now a respectable thirty-something, was up to. He’d been cooking — with all the lights blazing — and had photos to prove it.
So what happened to the Real World? It’s been reduced to mistyped links that will get your blood pressure up and blurred images flashing across mobile screens, though museums and libraries have heroically offered access to their vaults — if virtually so.
But then that’s what Second Life and alternate reality sites are all about, and in the midst of a sobering global pandemic the last thing you wish to encounter is a shower of pink phalluses (which is how bored techies heckle chat shows apparently).
I was chatting (in person) with family some months ago (circa 1BC, before Covid) and a niece planning a destination wedding — rudely interrupted by the infernal coronavirus — turned to her mum to ask sadly, “Mum, what is this Real Life you all keep talking about? It’s so depressing …” That was then.
Now I think I’m enjoying my old-man cave. No maid, no visitors, no deliverymen, no neighbours, no wise guys, no office and, when I get off my guitar, no noise. Even CNN has become a bit much after Donald Trump decided to “liberate” Georgia and urged people to inject disinfectant. Television off.
Nites.tv, the site that made a stab at opening up a world of free movies during the quarantine, has also been blipped off the air because of copyright violations. More silence.
I’m increasingly wary of social apps too, where emigre friends, battery-fed on Breitbart News, insist everything that ails the great US of A is a Chinese plot. Okay, WhatsApp off.
My Facebook feed is clogged with sly and seedy Hindutva posts from India about Muslim perfidy but all these people joyously blaspheme by digging into the Saracenic delights of mutton biryani.
It reminds me of Monty Python’s Life of Brian — “Well, apart from biryani, tandoori chicken, the Taj Mahal, ghazals, Sufi poetry, algebra, chess, the guitar (via the oud), coffee, carpets and shisha, what on earth have these people ever done for us?”
For the Facebook lynch mob, as well as for me, it’s time to reconnect with the Real World. Get a life. Really.

Featured
These were the 10 most popular stocks on Robinhood in the month of April

Robinhood
Robinhood, the zero-commission brokerage platform that is popular with millenials, has seen a surge in trading volume as the market entered a volatile period due to the coronavirus pandemic.
Robintrack is a platform that uses data from Robinhood’s API to track how many of its users own a particular stock over time.
The compiled data is put into a charting format that helps show the relationship between the price of a stock and popularity with Robinhood users.
Here are the 10 most popular stocks on Robinhood in the month of April.
Visit Business Insider’s homepage for more stories.
Robinhood, the zero-commission brokerage platform that’s popular with millenials, has seen a surge in trading volume as the stock market entered a volatile period due to the coronavirus pandemic.
Robintrack is a platform that utilizes data from Robinhood’s API to track how many Robinhood users own a particular stock over time.
The compiled data is put into a charting format that helps show the relationship between the price of a stock and its popularity with Robinhood users.
The data helps identify stocks where investors are either:
Buying the dip, which is apparent when the number of Robinhood account users owning a particular stock surges as the stock price falls.
Taking profits, which is apparent when the number of Robinhood account users owning a particular stock falls as the stock price rises.
Going full FOMO, which is apparent when the number of Robinhood account users owning a particular stock rises as the stock price rises.
Jumping ship, which is apparent when the number of Robinhood account users owning a particular stock falls as the stock price falls.
Read more:Meet the 20-year-old day-trading phenom who’s turned $20,000 into more than $1 million. He details his precise strategy – and shares how he made $11,400 in 2 minutes.
The data is also helpful for contrarian investors to go against the herd and identify popular stocks to sell short or unpopular stocks to buy long.
Here are the 10 most popular stocks among Robinhood users in the month of April.

10. Apple
Robintrack.net
Apple was the 10th most popular stock on Robinhood in April.
The iPhone maker was owned by 356,304 users at the end of the month, compared to 311,472 users in the prior month.
The 14% jump in Robinhood accounts that own the stock was accompanied with a 15.5% jump in Apple’s stock price in April, signaling that investors continue to add shares as the stock price moves higher.
Source: Robintrack.net

9. Carnival
Robintrack.net
Carnival was the ninth most popular stock on Robinhood in April.
The cruise line company was owned by 406,391 users at the end of April, compared to 186,315 users in the prior month.
The 118% jump in Robinhood accounts that own the stock was accompanied with a 20% jump in Carnival’s stock price in April, signaling that investors continue to ride shares of Carnival higher following its more than 80% decline due to the coronavirus pandemic.
Source: Robintrack.net

8. Microsoft
Robintrack.net
Microsoft was the eighth most popular stock on Robinhood in April.
The software company was owned by 425,189 users at the end of April, compared to 389,770 users in the prior month.
The 9% jump in Robinhood accounts that own the stock was accompanied by a 13% jump in Microsoft’s stock price in April, signaling that investors continue to add shares as the stock moves higher.
Source: Robintrack.net

7. Delta Air Lines
Robintrack.net
Delta Air Lines was the seventh most popular stock on Robinhood in April.
The airline operator was owned by 426,267 users at the end of April, compared to 194,565 users in the prior month.
The 119% jump in Robinhood accounts that own the stock was accompanied with a 9% decline in Delta’s stock price in April, signaling that investors are buying the dip in Delta.
Source: Robintrack.net

6. American Air Lines
Robintrack.net
American Air Lines was the sixth most popular stock on Robinhood in April.
The airline operator was owned by 446,267 users at the end of April, compared to 222,935 users in the prior month.
The 100% jump in Robinhood accounts that own the stock was accompanied with a 1% decline in American’s stock price in April, signaling that investors are buying the dip in American.
Source: Robintrack.net

5. GoPro
Robintrack.net
GoPro was the 5th most popular stock on Robinhood in April.
The camera company was owned by 451,662 users at the end of April, compared to 389,087 users in the prior month.
The 16% jump in Robinhood accounts that own the stock was accompanied with a 34% jump in GoPro’s stock price in April, signaling that investors are sticking with and adding to their GoPro position as the stock rises.
Source: Robintrack.net

4. Disney
Robintrack.net
Disney was the fourth most popular stock on Robinhood in April.
The house of mouse was owned by 509,091 users at the end of April, compared to 416,987 users in the prior month.
The 22% jump in Robinhood accounts that own the stock was accompanied with a 12% increase in Disney’s stock price in April, signaling that investors continue to add shares as the stock price moves higher.
Source: Robintrack.net

3. General Electric
Robintrack.net
General Electric was the third most popular stock on Robinhood in April.
The industrial conglomerate was owned by 686,309 users at the end of April, compared to 509,417 users in the prior month.
The 35% jump in Robinhood accounts that own the stock was accompanied with a 14% decline in General Electric’s stock price in April, signaling that investors are buying the dip in General Electric.
Source: Robintrack.net

2. Ford
Robintrack.net
Ford was the second most popular stock on Robinhood in April.
The auto manufacturer was owned by 786,210 users at the end of April, compared to 649,147 users in the prior month.
The 21% jump in Robinhood accounts that own the stock was accompanied with a 5% increase in Ford’s stock price in April, signaling that investors continue to add shares as the stock moves higher.
Source: Robintrack.net

1. Aurora Cannabis
Robintrack.net
Aurora Cannabis was the most popular stock on Robinhood in April.
The cannabis company was owned by 969,595 users at the end of April, compared to 854,685 users in the prior month.
The 13% jump in Robinhood accounts that own the stock was accompanied with a 18% decline in Aurora’s stock price in April, signaling that investors are buying the dip in Aurora Cannabis.
Source: Robintrack.net

Featured
Novartis Q1 Core Profit Rises, Sales Up 11%; Confirms 2020 Guidance

(RTTNews) – Novartis (NVS) reported first quarter net income from continuing operations of $2.2 billion, an increase of 16%, or up 24% cc year-on-year, including higher legal provisions and taxes. Earnings per share was $0.96 compared to $0.81. Core operating income was $4.2 billion, growth of 28%, or up 34% cc, mainly driven by higher sales, benefiting from COVID-19 forward purchasing and gross margin improvement, partly offset by launch investments. Excluding COVID-19 related forward purchases and lower spending, the company estimates core operating income growth to be approximately 22% cc. Core earnings per share was $1.56 compared to $1.21. On average, six analysts polled by Thomson Reuters expected the company to report profit per share of $1.36, for the quarter. Analysts’ estimates typically exclude special items.
Novartis said, during the first quarter, COVID-19 did not have a material impact on its underlying business, financial condition, cash collections or liquidity. COVID-19 did result in increased forward purchasing by customers, the company noted. Forward purchasing had a favorable impact of approximately $0.4 billion on sales. Core operating income benefited by approximately $0.4 billion from forward purchasing and lower spending. The company expects these impacts to reverse in the remainder of 2020.
First quarter net sales from continuing operations were $12.3 billion, up 11%, or up 13% cc, driven by volume growth of 17 percentage points, mainly from Entresto, Zolgensma, Cosentyx and Promacta/Revolade. Analysts expected revenue of $12.03 billion for the quarter. Volume growth also benefited from COVID-19 related forward purchasing. Excluding COVID-19 related forward purchases, the company estimates sales growth would have been approximately 9% (cc).
For continuing operations, the company confirmed 2020 guidance for net sales to grow mid to high-single digit (cc); and core operating income to grow high-single to low double digit (cc).

Featured
Stock Alert: Quotient Shares Up 31% On SARS-CoV-2 Antibody Test Data

(RTTNews) – Shares of Quotient Ltd. (QTNT) jumped 31.62% to $9.99 in after-hours trading on April 27, after the company reported a very strong final study performance data for its SARS-CoV-2 antibody test.
The company noted that it expects to complete the CE marking process and the submission of the FDA emergency use authorization for the MosaiQ COVID-19 Antibody Microarray in the next few days. Discussions with potential customers in Europe and the US are ongoing.
“I am very pleased with the exceptional results from our final study’s performance data. Our innovative MosaiQ technology delivered 100% sensitivity and 99.4% specificity, truly an outstanding performance. We are confident that we will CE mark for Europe including Switzerland and begin the FDA emergency use authorization process within a matter of days,” said Franz Walt, Chief Executive Officer of Quotient.
The stock has been trading between $2.40 and $11.30 in the past one year, and closed Monday’s trade at $7.59, up $1.08 or 16.59%. QTNT, further, gained $2.40 or 31.62% in the extended trading session.

Featured
Uppsala Security Receives a 2020 Frost & Sullivan Award for Blockchain & Cryptocurrency Security Technology

Uppsala Security’s Risk Management Tools Strengthen Organization Capabilities for Analyzing/Visualizing Crypto Transactions and for Securing Crypto Assets
SINGAPORE, April 28, 2020 /PRNewswire/ — Based on its recent analysis of the Asia-Pacific blockchain and cryptocurrency security market, Frost & Sullivan recognizes Uppsala Security Pte Ltd. with the 2020 Asia-Pacific Blockchain & Cryptocurrency Security Technology Innovation Award. Frost & Sullivan highlighted the Threat intelligence Platform called Sentinel Protocol and the continuous advancements in software products enabling organizations to confidently analyze and visualize cryptocurrency transactions and protect crypto assets as well as other digital assets from malicious attacks, scams, and fraud across diverse industries by enhancing business transparency and  stability.
“Uppsala Security’s Sentinel Protocol, the world’s first crowd-sourced security platform, enables cryptocurrency users to report cybercrime such as cryptocurrency malicious attacks, scams, and fraud associated with dangerous wallets, URLs/URIs/domains and social accounts. After rigorous analysis and validation by security experts, new security intelligence received from outside sources is added to Sentinel Protocol’s Threat Intelligence Database (TRDB) which is powered by blockchain technology. The TRDB serves to share the confirmed Security Intelligence in the form of Whitelists/Blacklists with Uppsala Security’s worldwide users,” said Mogana Tashiani, Research Analyst. “Sentinel Protocol technology can also be used to track, analyze, and visualize suspicious cryptocurrency transaction activities such as terrorist transactions and can generate risk assessments of crypto wallets to enhance anti-money laundering and regulatory compliance.”
The company also provides a solution called UPPward Browser Extension which is an Internet browser plugin (available for Chrome, Brave, Firebox, Edge) that automatically provides real time alerts to Internet users when they select a URL/URI/domain with their browser that is blacklisted in the TRDB for being associated with malware/phishing. UPPward can also be used as a search engine for understanding whether a specified wallet address or social media account is considered dangerous and can act as a tool to report suspicious network activity, dangerous URLs, and hacking incidents. The UPPward Extension is available to everyone free of charge as Uppsala Security’s contribution to the community. 
Crypto Analysis Risk Assessment (CARA) is another Sentinel Protocol product from Uppsala Security. CARA leverages machine-learning to analyze all of a selected wallet’s past transactions to generate a risk measurement of the crypto wallet address based on learned behaviors using both known malicious wallets and normal wallets. It operates on an on-demand basis and runs as a batch process that continuously analyses selected crypto addresses. CARA can be easily integrated into software applications and is available on an annual subscription basis from Uppsala Security.  

One more security product worth mentioning that is available as part of Sentinel Protocol, the suite of risk management tools developed and operated by Uppsala Security, is the Crypto Analysis Transaction Visualization (CATV). CATV is a forensics tool that enables its user to easily generate, for a selected wallet, a visualization displaying the incoming and outgoing flow of tokens and the types of wallets with which it interacts. A user can easily track and analyze both incoming and outgoing transactions of a selected crypto wallet and can uncover suspicious transaction flows, such as tumbling and mixing, or interaction with blacklisted wallets registered in the TRDB. The generated data can be visualized and further analyzed for anti-money laundering and regulatory compliance purposes.
For maintaining business stability, growth and a good reputation, it is important for many enterprises in the crypto-world to have tools that help them manage business risk and to realize regulatory compliance. Summary Wallet Analysis Profiling (SWAP) is a tailored service from Uppsala Security designed to enable organizations to periodically, i.e. (weekly, biweekly, monthly, or quarterly), audit tens of thousands of crypto wallets. SWAP provides in-depth 360° analytics into all of the wallet addresses related to a firm’s business by reporting a variety of tailored risk indicators and metrics compiled and presented in a series of periodic reports such as: daily or monthly transaction amounts and counts; a ranking of wallets that made the largest contribution to your monthly transactions in terms of amounts or transaction counts; a ranking of wallets that have made the most transactions with blacklisted wallets in terms of amount or transaction counts. The key benefit of SWAP is that it enhances an enterprise’s efforts to achieve regulatory compliance whilst reducing costs and increasing productivity.
Uppsala Security works with a wide range of organizations such as governments and virtual asset service providers (VASPs), including financial institutions, fintech companies and other technology developers looking to include the technologies developed by Uppsala Security as part of their software products. Over the years, Uppsala has developed business alliances with numerous clients including data scientists, financial investigators, risk managers, compliance auditors, and even government agencies across Singapore, South Korea, Japan and China.
“Uppsala’s strategy of licensing its technology to other companies that use cryptocurrency and blockchain in businesses has met with huge success,” noted Tashiani. “The company’s valuable partnerships with other companies and government agencies underline its commitment to leveraging blockchain security systems. Its forward-looking strategies and technologies are expected to help it dominate the market in the future.”
“I speak in the name of our whole team when I say that we are honored to receive this recognition from such a reputable company as Frost & Sullivan. Our hard work in the technology and cybersecurity space now translates into viable products that have been adopted worldwide by governments, enterprises and end users. We are deeply grateful for this great milestone and we are committed to continue our efforts for delivering technology that makes people feel safe,” said Patrick Kim, Founder & CEO, Uppsala Security.

Each year, Frost & Sullivan presents this award to the company that has developed a product with innovative features and functionality, gaining rapid acceptance in the market. The award recognizes the quality of the solution and the customer value enhancements it enables.
Frost & Sullivan Best Practices awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research to identify best practices in the industry.
About Frost & Sullivan
For over five decades, Frost & Sullivan has become world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.
Contact:Melissa TanE: melissa.tan@frost.comP: +65 6890 0926

About Uppsala Security Pte Ltd
Uppsala Security built the first crowdsourced Threat Intelligence Platform known as the Sentinel Protocol, powered by blockchain technologies and A.I. Supporting the framework is a team of experienced security analysts and researchers committed to helping organizations realize safely interconnected experiences by deploying a suite of advanced Risk Management Solutions satisfying the crypto security needs of organizations and industry compliance standards.
 
View original content:https://www.prnewswire.com/news-releases/uppsala-security-receives-a-2020-frost–sullivan-award-for-blockchain–cryptocurrency-security-technology-301048040.html
SOURCE Frost & Sullivan

Featured
Photocure ASA – Private Placement Successfully Placed

– NOT FOR DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OF AMERICA AND THE DISTRICT OF COLUMBIA) (THE “UNITED STATES”), AUSTRALIA, CANADA, THE HONG KONG SPECIAL ADMINISTRATIVE REGION OF THE PEOPLE’S REPUBLIC OF CHINA OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL
OSLO, Norway, April 28, 2020 /PRNewswire/ — Reference is made to the stock exchange notice earlier today where Photocure ASA (“Photocure” or the “Company”) announced the launch of a private placement of new shares (“Offer Shares”) in the Company (the “Private Placement”). The Company is pleased to announce that it has allocated 2,179,638 shares at a subscription price of NOK 65.50 per share, raising gross proceeds of approximately NOK 143 million.
The subscription price was determined through an accelerated bookbuilding process after close of trading on 27 April 2020. The Private Placement attracted very strong interest from existing shareholders, as well as from new high quality institutional investors. The Private Placement was multiple times oversubscribed.
The Company intends to use the net proceeds from the Private Placement to partially finance the acquisition of the Hexvix sales, marketing and distribution rights from Ipsen Pharma SAS.
The share capital increase of the Private Placement was resolved by the Board of Directors of the Company (the “Board”) on 27 April 2020 pursuant to an authorization granted by the Company’s general meeting held 9 May 2019. Notification of allotment of the new shares in the Private Placement and payment instructions will be sent to the applicants through a notification from the Managers on 28 April 2020.

The Offer Shares will be pre-funded by the Managers to facilitate a swift registration of the share capital increase in the Norwegian Register of Business Enterprises (the “NRBE”) and delivery of the Offer Shares on a delivery versus payment basis to the subscribers on or about 30 April 2020. The first day of trading is expected to be on or about 29 April 2020, but not prior to the share capital being registered in the NRBE, or prior to announcement by the Company. Following registration of the new share capital pertaining to the Private Placement, the Company will have a share capital of NOK 11,988,012.50 divided into 23,976,025 shares, each with a par value of NOK 0.50. 
ABG Sundal Collier ASA and DNB Markets, a part of DNB Bank ASA acted as Joint Bookrunners (collectively referred to as the “Managers”) in the Private Placement. Advokatfirmaet Selmer AS is acting as legal adviser to Photocure ASA.
About Photocure ASA
Photocure, The Bladder Cancer Company, delivers transformative solutions to improve the lives of bladder cancer patients. Our unique technology, which makes cancer cells glow bright pink, has led to better health outcomes for patients worldwide. Photocure is headquartered in Oslo, Norway, and listed on the Oslo Stock Exchange (OSE: PHO). The US headquarters for Photocure Inc., are in Princeton, New Jersey. For more information, please visit us at www.photocure.com, www.hexvix.com  or www.cysview.com  

Important information
This announcement does not constitute or form a part of any offer of securities for sale or a solicitation of an offer to purchase securities of the Company in the United States or any other jurisdiction. The distribution of this announcement and other information may be restricted by law in certain jurisdictions. Copies of this announcement are not being made and may not be distributed or sent into any jurisdiction in which such distribution would be unlawful or would require registration or other measures. Persons into whose possession this announcement or such other information should come are required to inform themselves about and to observe any such restrictions.

The securities of the Company may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”). The securities of the Company have not been, and will not be, registered under the U.S. Securities Act. Any sale in the United States of the securities mentioned in this communication will be made solely to “qualified institutional buyers” as defined in Rule 144A under the U.S. Securities Act. No public offering of the securities will be made in the United States.
In any EEA Member State, this communication is only addressed to and is only directed at qualified investors in that Member State within the meaning of the EU Prospectus Regulation, i.e., only to investors who can receive the offer without an approved prospectus in such EEA Member State. The expression “EU Prospectus Regulation” means Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 (together with any applicable implementing measures in any Member State).
In the United Kingdom, this communication is only addressed to and is only directed at Qualified Investors who (i) are investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “Order”) or (ii) are persons falling within Article 49(2)(a) to (d) of the Order (high net worth companies, unincorporated associations, etc.) (all such persons together being referred to as “Relevant Persons”). These materials are directed only at Relevant Persons and must not be acted on or relied on by persons who are not Relevant Persons. Any investment or investment activity to which this announcement relates is available only to Relevant Persons and will be engaged in only with Relevant Persons. Persons distributing this communication must satisfy themselves that it is lawful to do so.
The Target Market Assessment is without prejudice to the requirements of any contractual, legal or regulatory selling restrictions in relation to the Offering.
For the avoidance of doubt, the Target Market Assessment does not constitute: (a) an assessment of suitability or appropriateness for the purposes of MiFID II; or (b) a recommendation to any investor or group of investors to invest in, or purchase, or take any other action whatsoever with respect to the Company’s shares.

Each distributor is responsible for undertaking its own Target Market Assessment in respect of the Company’s shares and determining appropriate distribution channels.
Matters discussed in this announcement may constitute forward-looking statements. Forward-looking statements are statements that are not historical facts and may be identified by words such as “anticipate”, “believe”, “continue”, “estimate”, “expect”, “intends”, “may”, “should”, “will” and similar expressions. The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although the Company believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors which are difficult or impossible to predict and are beyond its control. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements.
Actual events may differ significantly from any anticipated development due to a number of factors, including without limitation, changes in investment levels and need for the Company’s services, changes in the general economic, political and market conditions in the markets in which the Company operate, the Company’s ability to attract, retain and motivate qualified personnel, changes in the Company’s ability to engage in commercially acceptable acquisitions and strategic investments, and changes in laws and regulation and the potential impact of legal proceedings and actions. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements. The Company does not provide any guarantees that the assumptions underlying the forward-looking statements in this announcement are free from errors nor does it accept any responsibility for the future accuracy of the opinions expressed in this announcement or any obligation to update or revise the statements in this announcement to reflect subsequent events. You should not place undue reliance on the forward-looking statements in this document. Current market conditions are affected by the COVID-19 virus outbreak. The development in both Photocure’s operations as well as relevant financial markets in general may affected by government measures to mitigate the effect of the virus, reduction in activity, unavailable financial markets and other. See OSE notification of 7 April 2020 for an in-depth analysis of risk and effects of the COVID-19 situation.
The information, opinions and forward-looking statements contained in this announcement speak only as at its date, and are subject to change without notice. Each of the Company, the Managers and their respective affiliates expressly disclaims any obligation or undertaking to update, review or revise any statement contained in this announcement whether as a result of new information, future developments or otherwise.
This announcement is made by and, and is the responsibility of, the Company. The Managers are acting exclusively for the Company and no one else and will not be responsible to anyone other than the Company for providing the protections afforded to their respective clients, or for advice in relation to the contents of this announcement or any of the matters referred to herein.

Neither the Managers nor any of their respective affiliates makes any representation as to the accuracy or completeness of this announcement and none of them accepts any responsibility for the contents of this announcement or any matters referred to herein.
This announcement is for information purposes only and is not to be relied upon in substitution for the exercise of independent judgment. It is not intended as investment advice and under no circumstances is it to be used or considered as an offer to sell, or a solicitation of an offer to buy any securities or a recommendation to buy or sell any securities of the Company. Neither the Managers nor any of their respective affiliates accepts any liability arising from the use of this announcement.
For further information, please contact:Dan SchneiderPresident and CEOPhotocure ASATel: + 1-609 759-6515Email: ds@photocure.com 
Erik DahlChief Financial OfficerTel: +47 450 55 000Email: ed@photocure.no
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Featured
Thai Stock Market Inherits Firm Lead

(RTTNews) – The Thai stock market moved higher again on Monday, one session after it had ended the two-day winning streak in which it had advanced almost 20 points or 1.6 percent. The Stock Exchange of Thailand now rests just beneath the 1,270-point plateau and it may see additional support on Tuesday.
The global forecast for the Asian markets is upbeat on stimulus expectations and hopes that the U.S. economy will soon be re-opened. The European and U.S. markets were up and the Asian bourses are tipped to open in similar fashion.
The SET finished modestly higher on Monday following a mixed performance from the energy producers and weakness from the financial sector.
For the day, the index added 8.63 points or 0.69 percent to finish at 1,267.41 after trading between 1,258.45 and 1,272.75. Volume was 12.527 billion shares worth 49.584 billion baht. There were 648 gainers and 615 decliners, with 390 stocks finishing unchanged.
Among the actives, Advanced Info added 0.76 percent, while Asset World jumped 1.65 percent, Banpu advanced 0.90 percent, Bangkok Bank tumbled 1.94 percent, Bangkok Dusit Medical shed 0.49 percent, Bangkok Expressway gained 0.55 percent, BTS Group gathered 1.83 percent, Charoen Pokphand Foods spiked 2.73 percent, Kasikornbank sank 2.54 percent, Krung Thai Bank dropped 0.95 percent, PTT Exploration and Production perked 0.98 percent, PTT Global Chemical skidded 1.36 percent, Siam Commercial Bank retreated 1.49 percent, Siam Concrete was up 2.17 percent and TMB Bank, Thailand Airport and PTT were unchanged.

The lead from Wall Street is broadly positive as stocks moved sharply higher on Monday, extending gains from the previous session.
The Dow added 358.51 points or 1.51 percent to end at 24,133.78, while the NASDAQ gained 95.64 points or 1.11 percent to 8,730.16 and the S&P 500 rose 41.74 points or 1.47 percent to 2,878.48.
The strength on Wall Street came after New York Governor Andrew Cuomo announced plans for a phased reopening of his state’s economy. Cuomo suggested the first phase, which involves low risk businesses in the manufacturing and construction sectors, could begin shortly after New York’s stay-at-home order expires on May 15.
Buying interest was also generated amid optimism about additional stimulus ahead of Federal Reserve and European Central Bank meetings later this week.
Crude oil prices tanked on Monday amid mounting fears that production cuts might not be enough to counter the huge fall in demand amid the coronavirus pandemic. West Texas Intermediate Crude oil futures for June ended down $4.16 or 24.6 percent at $12.78 a barrel.

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