ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

IPO Ip Group Plc

48.30
0.80 (1.68%)
23 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Ip Group Plc LSE:IPO London Ordinary Share GB00B128J450 ORD 2P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.80 1.68% 48.30 47.95 48.00 48.70 47.50 47.50 6,255,691 16:35:10
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Finance Services -140.1M -174.4M -0.1682 -2.85 497.2M

IP Group Investee Microbiotica Enters Potential $534 Million Deal with Roche

06/06/2018 10:15am

Dow Jones News


Ip (LSE:IPO)
Historical Stock Chart


From Apr 2019 to Apr 2024

Click Here for more Ip Charts.

By Adam Clark

 

IP Group PLC (IPO.LN) said on Wednesday that its investment company Microbiotica Ltd. has entered a strategic collaboration with Roche Holding AG's (ROG.EB) Genentech, in a deal worth up to $534 million.

IP Group holds a 33% beneficial stake in Microbiotica. IP said Microbiotica will use its microbiome platform to analyze patient samples from Genentech's clinical trials of inflammatory bowel disease treatments.

Microbiotica will receive an undisclosed upfront payment, milestone payments, and is eligible to receive royalties on certain product sales, said IP Group.

At 0839 GMT, shares in IP Group were up 4.20 pence, or 3%, at 142.80 pence.

 

Write to Adam Clark at adam.clark@dowjones.com; @AdamDowJones

 

(END) Dow Jones Newswires

June 06, 2018 05:00 ET (09:00 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

1 Year Ip Chart

1 Year Ip Chart

1 Month Ip Chart

1 Month Ip Chart

Your Recent History

Delayed Upgrade Clock