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Share Price: 49.05

Bid: 48.80

Ask: 48.95

Change: -0.50 (-1.01%)

Spread: 0.15 (0.307%)

Open: 49.30

High: 49.40

Low: 48.35

Prev. Close: 49.55

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IN BRIEF: IP Group investee pens deal with Jazz Pharmaceuticals

Tue, 14th Nov 2023 10:55

IP Group PLC - Oxford, England-based intellectual property commercialisation - Says portfolio company Autifony Therapeutics Ltd has signed a deal with Jazz Pharmaceuticals PLC worth up to USD770 million for drug discovery and preclinical development on two ion channel targets associated with neurological disorders. Jazz will lead clinical development, manufacturing and regulatory activities and commercialisation once preclinical development is finalised. IP Group holds a 26% stake in Autifony, valued at GBP4.6 million.

Current stock price: 46.55 pence, up 1.9%

12-month change: down 38%

By Sabrina Penty, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

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Latest Share Chat

Ip Group Share News (IPO)

Share Price Information for Ip Group (IPO)

IN BRIEF: IP Group investee pens deal with Jazz Pharmaceuticals

EXECUTIVE CHANGES: Experian appoints Sage Group CFO as non-executive

BROKER RATINGS: SocGen upgrades Shell and Centrica to Buy

Buybacks make a comeback as crisis eases

IP Group to pay maiden final 2020 dividend due to "successful" year

UK earnings, trading statements calendar - next 7 days

BROKER RATINGS: SocGen starts United Utilities and Pennon with Buy

BROKER RATINGS: Bank Of America Says Buy Aviva; Peel Cuts Fuller's

BROKER RATINGS: Investec Raises Hays, Cuts Senior And Paypoint

IP Group Notes Centessa Pharma Launch Following ApcinteX Sale

IP Group Says US Platform Secures Additional USD50 Million Of Funding

IP Group's North American platform raises another $50m

IP Group slumps as Invesco sells 61.9m shares

IN BRIEF: IP Group's Hinge Health Completes Funding Round

UK WINNERS & LOSERS SUMMARY: Greggs Tops 250s Despite Profit Caution

UK BROKER RATINGS SUMMARY: Berenberg Raises Vodafone To Buy

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IN BRIEF: IP Group investee pens deal with Jazz Pharmaceuticals

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