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

Wed, 21st Sep 2016 12:23

(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, which is backed by a syndicate of leading European and US life science investors including SV Life Sciences, Merck Ventures, Arix Bioscience PLC, CRT Pioneer Fund and AbbVie Ventures, will build a pipeline of DNA damage response therapies from Cancer Research UK and other global companies, and progress its Pol-theta enzyme programme.Bobby Soni, director of healthcare ventures at Imperial Innovations, said: "Targeting the DNA damage response is an exciting and promising field of biology."DNA damage response drug products have generated considerable interest following the recent clinical successes of PARP inhibitors which have highlighted the potential for DNA damage response drugs to cause selective death in cancer cells."The new company, which was formed with assets from Cancer Research Technology, the technology transfer unit of Cancer Research UK, is led by Dr. Niall Martin, who was co-founder and chief operating officer of MissionTherapeutics, another Cambridge-based drug discovery company which Imperial Innovations has also invested in.Shares in Imperial Innovations were up 0.78% to 447.20p at 1153 BST.
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7 Jul 2014 09:26

Monday broker round-up UPDATE

Balfour Beatty: Berenberg lowers target price from 290p to 280p and retains a buy recommendation. UBS lowers target price from 230p to 225p and keeps a neutral rating. Barclays: Citi lowers target price from 305p to 300p and keeps its sell recommendation. Clinigen: Investec cuts target price from

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7 Jul 2014 07:20

UK MORNING BRIEFING: Anglo American And SABMiller Make Disposals

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6 Jul 2014 23:00

Ex-Invesco star Woodford's start-up bets on tobacco, drug firms

By Nishant Kumar LONDON, July 7 (Reuters) - Star British fund manager Neil Woodford, who left Invesco Perpetual in April to start his own firm, is beginning his new role with a focus on tobacco and drug stocks, believing they can withstand what he expects will be a faltering global economy.

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23 Jun 2014 14:48

UPDATE: Imperial Innovations Completes GBP150 Million Share Placing

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23 Jun 2014 08:35

Imperial Innovations To Raise GBP150 Million In Share Placing

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23 Jun 2014 08:10

Imperial Innovations placing shares to fund investment opportunities

A total of £150m is the sum being targeted by AIM-listed Imperial Innovations, which on Monday launched the placing of 37.5m shares at 400p each. At the same time, the UK's Imperial College is trading in 2.56m shares at the same price, reducing its stake from 30.2% to 20%, taking the overall placin

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16 Jun 2014 09:13

Convergence considers IPO after GSK spin-off, as European biotech revives

* CEO says Convergence could raise 50-100 million pounds * Follows success for pain drug in mid-stage trial * UK biotech sector boosted by Circassia IPO in March * Biotech support firm Abzena also announces plan to float By Ben Hirschler LONDON, June 16 (Reuters) - C

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16 Jun 2014 07:39

UK MORNING BRIEFING: Shares Narrowly Mixed On Iraq, Ukraine Tensions

LONDON (Alliance News) - UK shares are narrowly mixed at the open Monday, as events in Iraq and Ukraine damp investor sentiment. Low-cost airline Wizz Air Holdings PLC has pulled its planned initial public offering in London, blaming the recent volatility in airline stoc

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12 Jun 2014 12:07

Imperial Innovations Invests Further GBP1.5 Million In Cortexica

LONDON (Alliance News) - Imperial Innovations Group PLC Thursday said it has invested a further GBP1.5 million in visual search company Cortexica Visual Systems Ltd. The technology commercialisation and investment group first invested in Cortexica in 2009. It said it will now hold, on conve

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10 Jun 2014 11:40

Imperial Innovations completes £3m investment in Featurespace

Imperial Innovations, the AIM-listed firm which focuses on commercialising UK academic research, has completed a £3m investment round in behavioural analytics business, Featurespace. The group has invested £1.7m into the round with the balance coming from Nesta and members of the Cambridge Angels g

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10 Jun 2014 11:21

Imperial Innovations Invests GBP1.7 Million In Featurespace

LONDON (Alliance News) - Imperial Innovations Group PLC Tuesday said it has invested GBP1.7 million in the behavioural analytics business, Featurespace, as part of a larger investment round. As a result, the mobile payments company said it now holds a 22.1% equity stake in Featurespace.

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4 Jun 2014 14:14

Imperial Innovations shares jump as portfolio company receives funding

Imperial Innovations, the AIM-listed firm which focuses on commercialising UK academic research, pleased the market on Wednesday with the news that its portfolio company Autifony Therapeutics has been awarded a grant from the Technology Strategy Board (TSB). TSB has given £2.2m of funding to Autifo

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4 Jun 2014 10:23

Imperial Innovations Subsidiary Gets Funding For Tinnitus Trial

LONDON (Alliance News) - Imperial Innovations Group PLC said Wednesday its portfolio company, Autifony Therapeutics Limited, has won GBP2.2 million in funding from the Technology Strategy Board for its Phase II clinical trial into tinnitus. Autifony is working on the development of novel ph

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3 Jun 2014 07:19

Tuesday tips round-up: Imperial Innovations, Entertainment One

Imperial Innovations' decision to raise up to £150m may be a golden opportunity for investors. The shares are tightly held but existing investors in the group have decided that the placing will be non-pre-emptive. That means new shareholders will be allowed in, including retail ones should there be

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2 Jun 2014 16:09

Imperial Innovations to raise up to £150m

Imperial Innovations Group has proposed raising up to £150m through the placement of shares to fund its existing portfolio and source investment opportunities in new technologies. The UK technology transfer and commercialisation company will place ordinary shares at no less than 400p each. Chair

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