IP Group says Avacta raises £22m in placing
15th Jul 2015 10:43
(ShareCast News) - IP Group said portfolio company Avacta has raised £22m through a conditional placing with new and existing institutional shareholders. The proceeds will be used to accelerate Avacta's strategy to develop a pipeline of affirmer assets. Affirmers are engineered alternatives to antib
Read moreIP Group secures £30m debt facility with EIB
9th Jul 2015 09:33
IP Group, a developer of intellectual property-based businesses, has secured a £30m, 8-year debt facility from the European Investment Bank, which it will use to continue to fund UK university spin-out companies as they develop and mature. IP said the facility provides it with an additional source o
Read moreIP Group's Diurnal starts phase three trial for Infacort
30th Mar 2015 10:39
Intellectual property firm IP Group said phase three trials had started on its Diurnal Ltd portfolio company's Infacort paediatric adrenal insufficiency treatment product. The group said that the trial, which has been funded by the European Commission under its EU Framework 7 grant, is expected to b
Read moreLondon pre-open: Subdued start expected for UK stocks
25th Mar 2015 07:45
UK stocks are expected to experience a quiet start on Wednesday morning, with investors continuing to trade cautiously with markets near record highs. City sources predict the FTSE 100 will open just a few points lower than Tuesday's close of 7,019.68. The Footsie had pulled back from the all-time
Read moreIP Group subsidiary drug granted market exclusivity for seven years
25th Mar 2015 07:21
IP Group subsidiary Diurnal has been granted Orphan Drug designation by the US Food and Drug Administration for its lead product Chronocort. The move grants Diurnal seven years of market exclusivity. The company is tied to the University of Sheffield and IP Group holds a 51.7% undiluted beneficial i
Read moreIP Group announces capital raising and chairman appointment
10th Mar 2015 09:27
IP Group said it plans to raise capital to fund expansion as it announced the promotion of Mike Humphrey to the role of chairman. The company, which develops intellectual property-based businesses through university partnerships, is issuing more than 56.8m in shares to raise about £128m. The issue p
Read moreIP Group invests £1m in Vijay Kumar robotics spin-out from Penn University
31st Dec 2014 07:22
Intellectual property commercialisation firm IP Group has invested £1m for a significant minority stake in drone aircraft developer Exyn Technologies, its first spin-out company from its relationship with the University of Pennsylvania. Exyn has been founded as a result of work by noted roboticist V
Read moreModern Biosciences gets £2.4m grant, IP says
20th Nov 2014 15:28
British holding firm IP Group announced that Modern Biosciences, one of the companies it has invested in, has been awarded a £2.4m grant. The grant, received from UK government-backed Biomedical Catalyst, is aimed at helping Modern Biosciences to carry forward its lead programme for the development
Read moreIP Group's chairman to step down
29th Oct 2014 08:09
IP Group chairman Bruce Smith is stepping down from the intellectual property business once a successor is found, the firm announced on Wednesday. Smith, 75, has been chairman since the time of the company's flotation in 2003. "Since I joined the board, the group has undergone a period of rapid gro
Read moreFTSE 250 movers: Playtech rises after boosting dividend
28th Aug 2014 16:15
Playtech shares rose strongly after the group reported a rise in revenue and boosted its interim dividend. It also confirmed several new contracts. Net assets doubled at IP Group, thanks to a £100m capital raising, the acquisition of Fusion IP and a big increase in the value of its portfolio compa
Read moreIP Group sees net assets double
28th Aug 2014 13:55
Net assets doubled at IP Group, thanks to a £100m capital raising, the acquisition of Fusion IP and a big increase in the value of its portfolio companies. Year-on-year, net assets at the intellectual property commercialisation firm soared from £261.6m to £528.6m, although this was offset slightly
Read moreIP Group's portfolio company announces £6m fundraising
5th Aug 2014 10:30
IP Group's portfolio company Diurnal Limited has announced a fundraising of up to £6m to support phase three of research studies for its lead product Chronocort. A spin-out company from the University of Sheffield, developing products for the treatment of hormone deficiency, Diurnal saw its flagshi
Read moreIP Group to lift stake in portfolio company Ceres Power
11th Jul 2014 08:51
Intellectual property-based business developer IP Group is to use a funding round as an opportunity to raise its stake in one of its portfolio companies. Ceres Power, which provides low cost fuel cell technology for use in distributed generation and other applications, intends to raise around £20m
Read moreFTSE 250 movers: Kentz soars on bid speculation
23rd Jun 2014 15:06
Engineer Kentz rocketed after a £1.2bn cash offer from Canadian rival SNC-Lavalin. Kentz, which provides engineering and construction services to clients in the energy and resources sectors, saw shares rise almost a third today after the company's board unanimously approved a takeover bid from Montr
Read moreNumis sees potential upside at IP Group
23rd Jun 2014 10:25
Numis Securities has repeated its 'buy' recommendation and 273p target price for IP Group after the latter's portfolio company reported positive results from a clinical trial. IP Group, which develops intellectual property-based businesses, holds a 41.8% interest in Diurnal, which is a spin-out com
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