The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksFrontier Ip Regulatory News (FIPP)

Share Price Information for Frontier Ip (FIPP)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 41.00
Bid: 40.00
Ask: 42.00
Change: 0.00 (0.00%)
Spread: 2.00 (5.00%)
Open: 41.00
High: 41.00
Low: 41.00
Prev. Close: 41.00
FIPP Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

The Vaccine Group wins Department of Health grant

25 Jan 2019 07:00

RNS Number : 0673O
Frontier IP Group plc
25 January 2019
 

RNS REACH / RNS

AIM: FIPP

25 January 2019

 

Frontier IP Group Plc

("Frontier IP" or the "Group")

 

 

Portfolio news - The Vaccine Group wins Department of Health and Social Care grant to combat antimicrobial-resistant disease

 

 

 

Frontier IP, a specialist in commercialising university intellectual property, today announces portfolio company The Vaccine Group ("TVG" or the "Company"), has won a £403,000 grant as part of a £1.46 million Anglo-Chinese project to combat an emerging antibiotic-resistant disease able to jump from pigs to humans with potentially fatal effect.

 

The project, funded by the Department of Health and Social Care (DHSC) and administered by Innovate UK, will develop TVG's novel herpesvirus-based platform technology to create a single-use vaccine for use in pigs. The work will be undertaken with Chinese partners, including the Shanghai Veterinary Research Institute at the Chinese Academy of Agricultural Science, and the Shanghai Jiao Tong University. A major producer of swine and poultry vaccines, the Pulike Biological Engineering Company, is the commercial partner.

 

The vaccine will target a bacterium called Streptococcus suis (S.suis), which can cause meningitis, blood poisoning, or septicaemia, as well as many other serious diseases in humans. Incidents have been rising globally and in Asia it is now classified as an emerging threat. The disease is currently treated with antibiotics, but there is growing evidence that S.suis is becoming resistant to them. Effective vaccines remove the need to use antibiotics in animals.

 

The University of Plymouth spin out was founded by Dr Michael Jarvis, Associate Professor of Immunology and Virology at the university's Institute of Translational and Stratified Medicine. Frontier IP holds a 19.2 per cent stake in the Company.

 

TVG's technology is based on safe forms of herpesviruses, which occur in nearly all animals, including humans. The vaccines are created by modifying these viruses through inserting regions of the pathogen being targeted to stimulate immune responses against the disease.

 

The grant was awarded as part a bilateral research competition between the DHSC's Global antimicrobial resistance (AMR) Innovation Fund and the Chinese Ministry of Science and Technology: UK-China partnerships against antimicrobial resistance get funding

 

A review by economist Lord O'Neill estimated that AMR caused 700,000 deaths each year globally.

 

Professor Dame Sally Davies, England's Chief Medical Officer, said: "Drug resistant infections claim hundreds of thousands of lives across the globe. An innovative and international response is vital - this latest collaboration between the UK and China guarantees much needed research to address the complex and world-wide issue of AMR."

 

Dr Kath Mackay, Interim Director - Ageing Society, Health & Nutrition, Innovate UK said: "Antimicrobial resistance is one of the biggest global challenges in healthcare. It has been estimated that the AMR threat could lead to 10 million extra deaths a year and cost the global economy up to £75 trillion by 2050.

This partnership between China and the UK's world-leading bio-industry is a vital contribution to tacking this issue through international co-operation."

 

TVG founder and director Associate Professor Michael Jarvis said: "Vaccination to control bacterial diseases has been shown to be really effective in the fish industry, and it does this without increasing bacterial resistance to antibiotics (AMR). We're therefore very excited about the opportunity this grant gives to expand this approach to a major bacterial disease of pigs that is increasingly being spread to humans.

 

AMR and emerging infectious disease are global problems, and this grant also demonstrates the strength of bringing together scientists and stakeholders from across the globe to address common societal issues.

 

This exciting development supports the novel approach The Vaccine Group has towards creating new vaccines to combat the spread of dangerous diseases from one animal species to another."

 

Frontier IP chief executive officer Neil Crabb said: "TVG's novel vaccine technology has the potential to play a material role in beating the threats of antimicrobial resistance and, more widely, from life-threatening diseases which infect animals and then jump to humans."

 

 

 

ENQUIRIES

 

Frontier IP Group Plc

T: 0131 240 1251

Neil Crabb, Chief Executive

Andrew Johnson, Communications & Investor Relations

Company website: www.frontierip.co.uk

 

M: 07464 546 025

Allenby Capital Limited (Nominated Adviser and Broker)

T: 0203 328 5656

Nick Athanas / Nicholas Chambers (Corporate Finance)

Amrit Nahal (Equity Sales)

ABout frontier IP

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.

Frontier IP is the commercialisation partner for the University of Plymouth.

ABOUT INNOVATE UK

Innovate UK is the UK's innovation agency. It works with people, companies and partner organisations to find and drive the science and technology innovations that will grow the UK economy. For further information visit www.innovateuk.gov.uk 

ABOUT THE UNIVERSITY OF PLYMOUTH

 

The University of Plymouth is renowned for high quality, internationally-leading education, research and innovation.

 

With a mission to Advance Knowledge and Transform Lives, Plymouth is a *top 50 research university with clusters of world class research across a wide range of disciplines including marine science and engineering, medicine, robotics and psychology. A twice winner of the Queen's Anniversary Prize for Higher Education, the University of Plymouth continues to grow in stature and reputation.

 

It has a strong track record for teaching and learning excellence and has one of the highest numbers of National Teaching Fellows of any UK university. With 21,000 students, and a further 17,000 studying for a Plymouth degree at partner institutions in the UK and around the world, and over 100,000 alumni pursuing their chosen careers globally, it has a growing global presence.

http://www.plymouth.ac.uk

* Research Fortnight Research Power League Table 2014.

 

About RNS Reach announcements

This is an RNS Reach announcement. RNS Reach is an investor communication service aimed at assisting listed and unlisted (including AIM quoted) companies to distribute media only / non-regulatory news releases into the public domain. Information required to be notified under the AIM Rules for Companies, Market Abuse Regulation or other regulation would be disseminated as an RNS regulatory announcement and not on RNS Reach.

 

 

 

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
NRABIGDBXUDBGCS
Date   Source Headline
5th Dec 201912:00 pmRNSHolding(s) in Company
4th Dec 201912:00 pmRNSResult of AGM & Total Voting Rights
26th Nov 201912:58 pmRNSHolding(s) in Company
13th Nov 20195:00 pmRNSPosting of Annual Report and Accounts
7th Nov 201912:20 pmRNSHolding(s) in Company
6th Nov 20192:00 pmRNSResult of Placing
6th Nov 20197:01 amRNSProposed fundraising of £3.5m by way of Placing
6th Nov 20197:00 amRNSFinal Results
22nd Oct 20197:00 amRNSAppointment of senior advisers
15th Oct 20197:00 amRNSNew portfolio company: Elute Intelligence Holdings
10th Sep 20197:00 amRNSAppointment of Broker
25th Jul 20197:00 amRNSExscientia collaboration with Rallybio
15th Jul 201912:08 pmRNSHolding(s) in Company
14th Jun 20197:00 amRNSExscientia partnership with GT Apeiron
31st May 20195:00 pmRNSTotal Voting Rights
31st May 20193:15 pmRNSDirectorate Change
28th May 20197:00 amRNSFieldwork Robotics completes initial field trials
15th May 20197:00 amRNSDirector exercise of options, shareholding and TVR
10th May 201911:48 amRNSHolding(s) in Company
30th Apr 20197:00 amRNSEuropean plan to boost marine & coastal economies
8th Apr 20197:00 amRNSInvestor event at the Royal Academy of Engineering
8th Apr 20197:00 amRNSBosch UK to work with Pulsiv Solar
8th Apr 20197:00 amRNSParkside Architectural Tiles launch Alusid range
4th Apr 20197:00 amRNSExscientia reaches first major milestone with GSK
3rd Apr 20195:51 pmRNSHolding(s) in Company
3rd Apr 20193:45 pmRNSHolding(s) in Company
1st Apr 20197:00 amRNSFieldwork Robotics wins Innovate UK ISCF grant
27th Mar 20191:30 pmRNSHolding(s) in Company
27th Mar 20191:30 pmRNSHolding(s) in Company
27th Mar 20197:00 amRNSBoard Appointment
27th Mar 20197:00 amRNSUnaudited Half Year Results
21st Mar 20199:18 amRNSTrading Update
21st Mar 20199:14 amRNSExscientia & Celgene drug discovery collaboration
6th Mar 20195:15 pmRNSHolding(s) in Company
20th Feb 20197:00 amRNSTVG - key partner in $9.67m DARPA project award
12th Feb 20197:00 amRNSThird Portuguese spin out: Insignals Neurotech
4th Feb 20197:00 amRNSAmprologix wins DHSC backing for new antibiotic
31st Jan 20199:00 amRNSNandi Proteins led consortium wins UK grant
25th Jan 20197:00 amRNSThe Vaccine Group wins Department of Health grant
7th Jan 20191:29 pmRNSExscientia Series B funding & Roche collaboration
27th Dec 20187:00 amRNSMolendotech - Palintest start commercial roll out
19th Dec 201811:45 amRNSResult of AGM
30th Nov 20185:30 pmRNSTotal Voting Rights
23rd Nov 201812:10 pmRNSPosting of Annual Report and Notice of AGM
22nd Nov 20181:12 pmRNSHolding(s) in Company
22nd Nov 201810:36 amRNSHolding(s) in Company
21st Nov 20183:30 pmRNSHolding(s) in Company
21st Nov 201811:00 amRNSTotal Voting Rights and Director/PDMR Shareholding
15th Nov 20184:08 pmRNSDirector Dealing
15th Nov 201812:37 pmRNSGrant of Options

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

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.