Less Ads, More Data, More Tools Register for FREE

Pin to quick picksImperial Innovations Group Share News (IVO)

  • There is currently no data for IVO

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Imperial Innovations Commits To Veryan Funding Round

Wed, 14th Jan 2015 12:31

LONDON (Alliance News) - Imperial Innovations Group PLC Wednesday said it has led a GBP18 million series B funding round in Veryan Holdings Ltd, alongside co-investors Invesco Asset Management, Seroba Kernel and Seven Mile.

Imperial Innovations said it has committed up to GBP8.4 million to the round and will hold a 47.8% stake in Veryan's issued share capital following the new investment and conversion of loan stock.

Simon Cartmell, an operating partner at Imperial Innovations, has also been appointed chairman.

Veryan is a specialist in vascular disease that has developed and patented a three-dimensional stent technology, BioMimics 3D.

The objective of Veryan's technology is to improve upon the biomechanical and flow characteristics of stents.

Imperial Innovations first invested in Veryan in 2004. At the end of July 2014 it had invested GBP11.0 million in the company.

Imperial Innovations shares were down 1.9% at 461.24 pence on Wednesday.

By Samuel Agini; samagini@alliancenews.com; @samuelagini

Copyright 2015 Alliance News Limited. All Rights Reserved.

More News
24 Sep 2021 11:10

AIM WINNERS & LOSERS: In The Style shares shredded by profit warning

AIM WINNERS & LOSERS: In The Style shares shredded by profit warning

Read more
5 Jan 2017 16:45

Imperial Innovations completes quick-change to Touchstone

(ShareCast News) - Imperial Innovations Group announced on Thursday that, further to the shareholder approval received at its AGM on 21 November 2016, the change of the company's name to Touchstone Innovations took effect on 4 January. The AIM-traded firm added that, with effect from 0800 GMT on Thu

Read more
28 Oct 2016 14:18

Imperial Innovations to change name to 'Touchstone'

(ShareCast News) - Imperial Innovations Group announced on Friday that at its annual general meeting on 21 November, it will be seeking shareholder approval to change the name of the company to Touchstone Innovations. The AIM-traded group was originally formed as the technology transfer office for I

Read more
24 Oct 2016 15:04

Imperial Innovations celebrates investment momentum

(ShareCast News) - Imperial Innovations Group noted on Monday that its portfolio company, Veryan Medical, has completed enrolment into the MIMICS-2 clinical study of its BioMimics 3D Self-Expanding Stent System. The AIM-traded firm said the MIMICS-2 study is a prospective, multicentre, interventiona

Read more
24 Oct 2016 06:59

Imperial Innovations Says Veryan Completes Clinical Study Enrolment

Read more
13 Oct 2016 08:36

Imperial Innovations' increases investments as pre-tax loss widens

(ShareCast News) - Imperial Innovations' annual pre-tax loss widened while the technology commercialisation and investment company increased investments across its business with universities and a joint venture. For the year ended 31 July, the pre-tax loss widened to £63.1m from £15.1m, last year, w

Read more
6 Oct 2016 15:15

UK Earnings, Trading Statements Calendar - Next 7 Days

Read more
6 Oct 2016 15:15

Imperial Innovations shares up on portfolio company progress

(ShareCast News) - Imperial Innovations Group updated the market on Thursday, noting that its portfolio company TopiVert Pharma has announced that the first patients have been dosed in its Phase IIa proof-of-concept study to evaluate the safety, tolerability and efficacy of a rectal formulation of T

Read more
6 Oct 2016 06:31

Imperial Innovations: Topivert Moves To Phase Two Of TOP1288 Study

Read more
3 Oct 2016 15:20

Imperial Innovations sells Permasense portfolio business

(ShareCast News) - AIM-listed Imperial Innovations has sold its portfolio company Permasense to Fortune 500 company Emerson Electric for an initial consideration of £30.6m in cash. Further amounts of up to £10m may be paid in addition, subject to the Permasense business achieving certain performance

Read more
21 Sep 2016 12:23

Imperial Innovations invests £5.1m in new biotech start-up

(ShareCast News) - AIM-listed technology investor Imperial Innovations invested £5.1m in Artios Pharma, a new biotech start-up launched on Wednesday. Imperial Innovations contributed £5.1m to the £25m series A funding round, giving it a 14.9% interest in the new Cambridge- based company. Artios, wh

Read more
19 Aug 2016 09:23

Cambridge University innovation investor raises 75 million pounds

LONDON, Aug 19 (Reuters) - Cambridge Innovation Capital, which commercializes technology and healthcare research from Cambridge University, has raised 75 million pounds ($98 million) from investors, including for the first time Woodford Investment Management. CIC, founded in 2013, has alrea

Read more
12 Jul 2016 06:55

Imperial Innovations Notes Cell Medica Acquisition Of Delenex

Read more
6 Jul 2016 06:41

Imperial Innovations Takes Part In New Funding For Econic Technologies

Read more
30 Jun 2016 11:39

Imperial Innovations Says PsiOxus Signs Deal With Bristol-Myers Squibb

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.