Frontier IP Group (FIPP)

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 41.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 59.00p
  • 52 Week Low: 33.00p
  • Currency: UK Pounds
  • Shares Issued: 56.17m
  • Volume: 38,020
  • Market Cap: £23.31m

Frontier IP upbeat as portfolio company partners with Bayer

By Josh White

Date: Friday 10 Jan 2020

LONDON (ShareCast) - (Sharecast News) - Intellectual property commercialisation company Frontier IP announced on Friday that its portfolio company Exscientia, which focuses on artificial intelligence (AI) driven drug discovery, has entered into a collaboration with Bayer focused on cardiovascular disease and oncology.
The AIM-traded firm said that under the terms of the agreement, Exscientia could be eligible to receive up to €240m (£203.97m), including upfront and research payments, and for meeting near term and clinical milestones.

It could also receive sales royalties, Frontier IP said.

The company noted that Exscientia's other partnerships included collaborations with Celgene, GlaxoSmithKline, Roche, Sanofi, GT Apeiron, Rallybio and Evotec.

Frontier IP currently holds a 3.25% stake in the Exscientia.

"We're delighted to collaborate with Bayer, a globally recognised pharmaceutical company," said Exscientia chief executive officer, professor Andrew Hopkins, in his company's statement.

"Since our pioneering 'Nature' papers demonstrating the automated design of small-molecules, we have enhanced our platform and exemplified it commercially, by accelerating the discovery of future drug molecules with partners."

At 1407 GMT, shares in Frontier IP Group were up 0.02% at 66.51p.

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FIPP Market Data

Currency UK Pounds
Share Price 41.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 59.00p
52 Week Low 33.00p
Volume 38,020
Shares Issued 56.17m
Market Cap £23.31m

FIPP Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
36.06% above the market average36.06% above the market average36.06% above the market average36.06% above the market average36.06% above the market average
53.33% above the sector average53.33% above the sector average53.33% above the sector average53.33% above the sector average53.33% above the sector average
Price Trend
46.38% below the market average46.38% below the market average46.38% below the market average46.38% below the market average46.38% below the market average
61.22% below the sector average61.22% below the sector average61.22% below the sector average61.22% below the sector average61.22% below the sector average
Income Not Available
Growth
93.28% above the market average93.28% above the market average93.28% above the market average93.28% above the market average93.28% above the market average
93.94% above the sector average93.94% above the sector average93.94% above the sector average93.94% above the sector average93.94% above the sector average

FIPP Dividends

No dividends found

Trades for 24-May-2024

Time Volume / Share Price
16:39 25,000 @ 40.00p
12:08 3,000 @ 40.65p
11:58 20 @ 42.70p
10:35 10,000 @ 41.88p

FIPP Key Personnel

CEO Neil Crabb
CFO Jo Stent

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