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Share Price: 41.80
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Change: -0.85 (-1.99%)
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Open: 42.55
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IP Group's Avacta signs $180m deal with LG Chem

Mon, 10th Dec 2018 07:24

(Sharecast News) - IP Group's AIM-listed portfolio company Avacta Group has agreed an 'Affimer' therapeutics development partnership and license agreement with LG Chem Life Sciences, part of the South Korean LG Group chaebol, worth up to $180m across upfront, near-term payments and development milestones, it was announced on Monday.The FTSE 250 intellectual property development firm said Avacta's agreement, which was aimed at developing Affimer therapeutics in several disease areas, could also result in an additional $130m in option fees and milestone payments should LG exercise their options for additional targets.Avacta would also receive royalties on any future product sales, and LG Chem would cover Avacta's costs of research and development associated with the collaboration.IP Group currently holds a direct undiluted beneficial stake of 17.1% in Avacta, while IP Venture Fund holds 1.0%."Avacta will generate and carry out early-stage optimisation of Affimer drug candidates against multiple undisclosed targets," the IP Group board said in its statement."LG Chem and Avacta will collaborate to progress these candidates through to drug candidate selection, and LG Chem will be responsible for pre-clinical and regulatory studies, clinical development and world-wide marketing of any resulting products."IP Group explained that the Affimer technology was Avacta's proprietary alternative to antibodies, with wide applications in the life sciences for drug development, diagnostics and research tools.Avacta's in-house therapeutic pipeline was focused on immuno-oncology, and the group expected to advance its lead programme - a PD-L1/LAG3 bispecific - into the clinic in 2020 whilst building out its pipeline of innovative Affimer drug candidates.
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13 Mar 2023 12:18

SUMMARY: London listings with exposure to Silicon Valley Bank

(Alliance News) - The following is a round-up of updates on exposure to Silicon Valley Bank by London-listed companies, issued on Monday and not separately reported by Alliance News:

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13 Mar 2023 07:21

IP Group says it has no exposure to SVB

(Sharecast News) - IP Group said it had no relationship with the failed US tech investors Silicon Valley Bank or its UK arm.

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8 Mar 2023 11:25

IP Group turns to loss in 2022 due to fair value swing; raises payout

(Alliance News) - IP Group PLC on Wednesday announced it turned to a loss in 2022 as its investments lost value.

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8 Mar 2023 09:07

IP Group swings to FY loss

(Sharecast News) - Intellectual property investor IP Group swung to a loss in the twelve months ended 31 December, principally due to changes in value of equities and debt investments.

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1 Mar 2023 15:57

UK earnings, trading statements calendar - next 7 days

Thursday 2 March 
Alfa Financial Software Holdings PLCFull Year Results
Apax Global Alpha LtdFull Year Results
Beazley PLCFull Year Results
Brooks Macdonald Group PLCHalf Year Results
Cairn Homes PLCFull Year Results
Capita PLCFull Year Results
Capital & Regional PLCFull Year Results
Coats Group PLCFull Year Results
CRH PLCFull Year Results
Flutter Entertainment PLCFull Year Results
Funding Circle Holdings PLCFull Year Results
Grafton Group PLCFull Year Results
Haleon PLCFull Year Results
Hunting PLCFull Year Results
ITV PLCFull Year Results
London Stock Exchange Group PLCFull Year Results
Melrose Industries PLCFull Year Results
Metro Bank PLCFull Year Results
National Express Group PLCFull Year Results
Pantheon Infrastructure PLCFull Year Results
PPHE Hotel Group LtdFull Year Results
Schroder AsiaPacific Fund PLCFull Year Results
Schroders PLCFull Year Results
Spire Healthcare Group PLCFull Year Results
Taylor Wimpey PLCFull Year Results
Tritax Big Box REIT PLCFull Year Results
Tyman PLCFull Year Results
Vesuvius PLCFull Year Results
Friday 3 March 
Avation PLCHalf Year Results
Faron Pharmaceuticals LtdFull Year Results
IMI PLCFull Year Results
Pacific Horizon Investment Trust PLCHalf Year Results
Pearson PLCFull Year Results
Rightmove PLCFull Year Results
Monday 6 March 
Amte Power PLCHalf Year Results
BATM Advanced Communications LtdFull Year Results
Craneware PLCHalf Year Results
Murray International Trust PLCFull Year Results (TBC)
Seeing Machines LtdHalf Year Results
Tuesday 7 March 
Ashtead Group PLCQ3 Results
Bank of Ireland Group PLCFull Year Results
Dotdigital Group PLCHalf Year Results
Elementis PLCFull Year Results
Ferguson PLC Half Year Results
Foxtons Group PLCFull Year Results
Fresnillo PLCFull Year Results
Greggs PLCFull Year Results
IWG PLCFull Year Results
Johnson Service Group PLCFull Year Results
Just Group PLCFull Year Results
Keller Group PLCFull Year Results
Origin Enterprises PLCHalf Year Results
Reach PLCFull Year Results
Revolution Bars Group PLCHalf Year Results
STV Group PLCFull Year Results
Tremor International LtdFull Year Results
Wednesday 8 March 
Admiral Group PLCFull Year Results
Bakkavor Group PLCFull Year Results
Breedon Group PLCFull Year Results
CLS Holdings PLCFull Year Results
Darktrace PLCHalf Year Results
Galliford Try Holdings PLCHalf Year Results
Headlam Group PLCFull Year Results
Hill & Smith PLCFull Year Results
Hiscox LtdFull Year Results
Ibstock PLCFull Year Results
IP Group PLCFull Year Results
Legal & General Group PLCFull Year Results
musicMagpie PLCFull Year Results
Netcall PLCHalf Year Results
Quilter PLCFull Year Results
Restaurant Group PLCFull Year Results
SIG PLCFull Year Results
Somero Enterprises IncFull Year Results
Spirent Communications PLCFull Year Results
TClarke PLCFull Year Results
TT Electronics PLCFull Year Results
Tullow Oil PLCFull Year Results
  
Copyright 2023 Alliance News Ltd. All Rights Reserved. 

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21 Feb 2023 08:51

IP Group sees AMSL Aero soar on maiden flight for electric aircraft

(Alliance News) - IP Group PLC on Tuesday said portfolio company AMSL Aero saw its all-electric aircraft take its maiden flight.

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1 Feb 2023 06:00

Investors go back to basics with simpler self-driving vehicles

COVENTRY, England, Feb 1 (Reuters) - Developing fully autonomous vehicles (AVs) that can go everywhere has proven harder and more expensive than expected, but investors are continuing to fund startups that target simpler self-driving vehicle solutions far removed from pedestrians and other vehicles operated by unpredictable humans.

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30 Jan 2023 10:32

TOP NEWS: Hambro Perks will not merge with IP Group drug firm Istesso

(Alliance News) - Hambro Perks Acquisition Co Ltd on Monday responded to press speculation, saying it will not merge with Istesso Ltd, a London-based chronic disease drug developer that is majority owned by IP Group PLC, an Oxford, England-based intellectual property commercialisation company.

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30 Jan 2023 07:45

IP Group dashes speculation of a possible business combination involving Istesso

(Sharecast News) - IP Group said talks regarding a possible business combination involving its Istesso, one of its portfolio companies, had been terminated.

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18 Jan 2023 11:10

IN BRIEF: IP Group appoints GSK's Anita Kidgell as non-executive

IP Group PLC - Oxford, England-based intellectual property commercialisation company - Appoints Anita Kidgell as an independent non-executive director, effective from Wednesday. Kidgell is currently head of Corporate Strategy at GSK PLC. GSK is a London-based multinational pharmaceutical and biotechnology company. Says Kidgell will bring a combination of a scientific background together with strategic and communication experience in a listed company.

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11 Jan 2023 11:45

IP Group portfolio company Oxbotica raises GBP115 million

(Alliance News) - IP Group PLC on Wednesday said its portfolio company Oxbotica Ltd has raised GBP115 million in a series C investment round.

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11 Jan 2023 08:20

CORRECTED (OFFICIAL)-Oxbotica raises $140 mln to deploy self-driving commercial vehicles

LONDON, Jan 11 (Reuters) - Self-driving software startup Oxbotica has raised $140 million from investors to speed deployment of autonomous vehicles (AVs) in areas including heavy industry, ports and airports.

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5 Dec 2022 09:18

IP Group portfolio company gains FDA fast track status for lead drug

(Alliance News) - IP Group PLC on Monday announced that its majority-owned portfolio company, Istesso Ltd, has been granted fast track designation for its lead drug MBS2320.

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12 Sep 2022 15:55

UK dividends calendar - next 7 days

Tuesday 13 September 
Lindsell Train Investment Trust PLCdividend payment date
Ibstock PLCdividend payment date
Wednesday 14 September 
Fresnillo PLCdividend payment date
Reckitt Benckiser Group PLCdividend payment date
Thursday 15 September 
Artemis Alpha Trust PLCex-dividend date
Bakkavor Group PLCex-dividend date
Brunner Investment Trust PLCdividend payment date
Cairn Homes PLCex-dividend date
Capital & Regional PLCex-dividend date
Energean PLCex-dividend date
Genel Energy PLCex-dividend date
Goodwin PLCex-dividend date
Henderson High Income Trust PLCex-dividend date
Highcroft Investments PLCex-dividend date
Honeycomb Investment Trust PLCex-dividend date
International Public Partnerships Ltdex-dividend date
Intertek Group PLCex-dividend date
Irish Continental Group PLCex-dividend date
JPMorgan Global Emerging Inc Trustex-dividend date
Luceco PLCex-dividend date
Macfarlane Group PLCex-dividend date
Melrose Industries PLCex-dividend date
Midwich Group PLCex-dividend date
Murray Income Trust PLCdividend payment date
Restore PLCex-dividend date
RPS Group PLCex-dividend date
ThomasLloyd Energy Impact Trust PLCex-dividend date
Trifast PLCex-dividend date
Triple Point Social Housing REIT PLCex-dividend date
Unite Group PLCex-dividend date
Friday 16 September 
4imprint Group PLCdividend payment date
abrdn Asia Focus PLCdividend payment date
Baillie Gifford UK Growth Trust PLCdividend payment date
Barclays PLCdividend payment date
Clarkson PLCdividend payment date
Currys PLCdividend payment date
Halfords Group PLCdividend payment date
IMI PLCdividend payment date
LSL Property Services PLCdividend payment date
Montanaro European Smaller Companies Trust PLCdividend payment date
NatWest Group PLCdividend payment date
NatWest Group PLCspecial dividend date
Pershing Square Holdings Ltddividend payment date
Redcentric PLCdividend payment date
Spirent Communications PLCdividend payment date
TI Fluid Systems PLCdividend payment date
Vesuvius PLCdividend payment date
VH Global Sustainable Energy Opportunities PLCdividend payment date
Witan Investment Trust PLCdividend payment date
Monday 19 September 
Capital & Counties Properties PLCdividend payment date
Hikma Pharmaceuticals PLCdividend payment date
IP Group PLCdividend payment date
Pearson PLCdividend payment date
Quilter PLCdividend payment date
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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31 Aug 2022 10:27

IP Group portfolio company begins phase two trial of arthritis drug

(Alliance News) - IP Group PLC on Wednesday reported that its majority-owned portfolio company, Istesso Ltd, has begun a phase 2b trial of its lead drug, MBS2320, in rheumatoid arthritis.

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