LONDON (ShareCast) - Chief scientific officer Dr Erling Sundrehagen has sold 100,000 shares in diagnostics firm Axis-Shield at 408p a share. The sale raised £408,000. The share price fell 7p to 401p on the day of the announcement.

Dr Sundrehagen still owns 79,645 shares in Axis-Shield. Back in May, Dr Sundrehagen raised £148,000 by selling 50,000 shares at 296p each.

Dr Sundrehagen has a PhD in immunology and founded Norway-based Axis Biochemicals. Axis merged with Shield Diagnostics to form Axis-Shield in 1999. The company is quoted on the London and Oslo Stock Exchanges.

Scotland-based Axis-Shield published an interim management statement at the end of October 2009. At that time management said that revenues were in line with expectations.

The main area of growth is the Point of Care division. There should be 6,500 Afinion point of care analysers in place by the end of 2009 – that includes 2,500 placed during the year. This is helping to increase sales of the Afinion cartridges and production is becoming more efficient, therby boosting margins. Afinion revenues underpin future growth.

The laboratory and distribution divisions are also performing well. The laboratory division sells diagnostic products direct to laboratories, while the distribution side sells Axis-Shield’s point of care products in Switzerland and Germany.


Top Director Buys

TUI Travel (TT.)
Director name: Mr William Waggott
Amount purchased: 15,715 @ 247.80p
Value: £38,942

Panther Securities (PNS)
Director name: Mr Simon Peters
Amount purchased: 8,000 @ 337.50p
Value: £27,000

Gartmore Fledgling Trust (GMF)
Director name: Mr Rod Birkett
Amount purchased: 4,000 @ 368.00p
Value: £14,720

Law Debenture Corp. (LWDB)
Director name: Prof. John Kay
Amount purchased: 5,000 @ 271.70p
Value: £13,585


Top Director Sells

Jardine Matheson (Singapore) (JAR)
Director name: Mr E P K Weatherall
Amount sold: 88,000 @ $29.67
Value: $2,610,731

Jardine Matheson (Singapore) (JAR)
Director name: Mr Adam Phillip Charles Keswick
Amount sold: 88,000 @ $29.67
Value: $2,610,731

Jardine Matheson (Singapore) (JAR)
Director name: Mr Benjamin William Keswick
Amount sold: 88,000 @ $29.67
Value: $2,610,731

Jardine Matheson (Singapore) (JAR)
Director name: Mr Simon L Keswick
Amount sold: 88,000 @ $29.67
Value: $2,610,731

TUI Travel (TT.)
Director name: Mr Peter James Long
Amount sold: 504,947 @ 243.30p
Value: £1,228,536

TUI Travel (TT.)
Director name: Mr Johan Lundgren
Amount sold: 239,753 @ 243.30p
Value: £583,319

TUI Travel (TT.)
Director name: Mr Paul Bowtell
Amount sold: 225,567 @ 243.30p
Value: £548,805

TUI Travel (TT.)
Director name: Mr William Waggott
Amount sold: 187,363 @ 243.30p
Value: £455,854

Axis-Shield (ASD)
Director name: Mr E Sundrehagen
Amount sold: 100,000 @ 408.00p
Value: £408,000

Jardine Matheson (Singapore) (JAR)
Director name: Mr Simon L Keswick
Amount sold: 10,000 @ $29.74
Value: $297,440

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