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Stock Alert: Midatech Pharma Shares Up 80%

Midatech Pharma plc (MTP) shares are surging above 80 percent on Friday morning as the bio-delivery company said the SEC declared effective the registration on Form F-1 for permitted resale of up to 12,695,445 ordinary shares.

Currently, shares are at $3.35, up 80 percent from its previous close of $1.87.

The drug delivery technology company said the Registration Statement would allow the stockholders to publicly resell the ADSs or Ordinary shares.

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