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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 |
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.
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