Hardware & electrical equipment
Frontier IP delighted with first funding round for The Vaccine Group
The fundraising values the University of Plymouth spin-off at £9.5mln, thus giving an assumed value of £1.6mln to Frontier’s 17% stake.
Company
LON:FIPP
Frontier IP unites science and commerce by identifying strong intellectual property and accelerating its development through a range of commercialisation services. A critical part of the Group's work is involving relevant industry partners at an early stage of development to ensure technology meets real world demands and needs. The Group looks to build and grow a portfolio of equity stakes and licence income by taking an active involvement in spin-out companies, including support for fund raising and collaboration with relevant industry partners at an early stage of development.
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Hardware & electrical equipment
The fundraising values the University of Plymouth spin-off at £9.5mln, thus giving an assumed value of £1.6mln to Frontier’s 17% stake.
Hardware & electrical equipment
The fundraising values Fieldwork at around £5.05mln, while Frontier’s stake is now worth £1.36mln compared to its previous value of £415,000
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Hardware & electrical equipment
Exscientia will initially work on three projects focused on accelerating the discovery of small molecule drugs using its AI-powered discovery platform, Centaur Chemist
Hardware & electrical equipment
The firm, which specialises in the commercialisation of intellectual property, reported a full-year pre-tax profit of £2.35mln, up from £902,000 in 2018, while total revenues jumped 81% to £4.27mln
The appointees will deepen and expand the group's industrial partnerships and those of its portfolio companies.
Hardware & electrical equipment
The new company, Elute, will incorporate technology from CFL Software, which provides document analysis technology to bodies such as UCAS
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Exscientia will deploy its AI drug discovery platform Centaur Chemist to design pre-clinical drug candidates for the joint venture
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As part of the partnership, Exscientia was entitled to become a GT Apeiron shareholder and receive milestone payments and royalties based on the clinical and commercial success of its drug discovery programmes
Investments and investor services
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Archive
A glance at some of the day's highlights from the Proactive Investors newswire
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Investments and investor services
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Further trials for the system are scheduled for later this year, with a commercial system expected to be manufactured in 2020
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The UK blue-chip index ended 7.78 points lower at 7,265.98, just off the day's worst level of 7,263.80 after a topsy-turvey session which saw it hit a session high of 7,314.85 early on
Archive
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