Labour peer’s AI healthcare firm Sensyne says cash is running out

Data analytics company run by Paul Drayson says money could run out in weeks unless it finds emergency funding

Shares in Sensyne Health plummeted after the healthcare technology company run by Paul Drayson, the former UK science and defence minister, said it could run out of money within weeks if it was unable to secure emergency financing.

Shares in the Aim-listed company fell 72.7% – or 54.9p – to 20.6p, a record low, and far below the flotation price of 175p in August 2018. Trading was briefly suspended by the London Stock Exchange, for five minutes.

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