Frontier IP Group (FIPP)

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 41.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 59.00
  • 52 Week Low: 33.00
  • Currency: UK Pounds
  • Shares Issued: 56.17m
  • Volume: 11,222
  • Market Cap: £23.03m

Frontier IP shares rise on progress at The Vaccine Group

By Josh White

Date: Friday 13 Mar 2020

LONDON (ShareCast) - (Sharecast News) - University intellectual property commercialisation company Frontier IP noted an announcement below from its portfolio company The Vaccine Group (TVG) on Friday, about the material progress it was making with its novel vaccine technology, and the start of work on a Covid-19 coronavirus vaccine for use in animals.
The AIM-traded firm said the key points included the validation of the technology through successful rabbit trials, which had revealed the potential for new intellectual property, the start of animal trials for bovine tuberculosis and African swine fever, and "good progress" on US government-backed work on Ebola and Lassa fever vaccines.

It said TVG completed a ?0.68m equity fund raise in January, which valued it at ?9.5m, and Frontier IP's 17% shareholding at ?1.6m.

The funds were being used by TVG to accelerate its technology development.

"The announcement shows TVG has been making great progress to date in meeting the compelling need for vaccines to tackle diseases with profound human and economic costs," said Frontier IP chief executive officer Neil Crabb.

"The range of vaccines now under development and the success of trials so far proves the technology could be potent in tackling a wide variety of diseases that jump from animals to humans or are damaging economically.

"We're working closely with the company to accelerate its vital work."

At 1245 GMT, shares in Frontier IP Group were up 11.97% at 65.5p.

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FIPP Market Data

Currency UK Pounds
Share Price 41.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 59.00
52 Week Low 33.00
Volume 11,222
Shares Issued 56.17m
Market Cap £23.03m

FIPP Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
35.27% above the market average35.27% above the market average35.27% above the market average35.27% above the market average35.27% 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
43.3% below the market average43.3% below the market average43.3% below the market average43.3% below the market average43.3% below the market average
60% below the sector average60% below the sector average60% below the sector average60% below the sector average60% 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 29-May-2024

Time Volume / Share Price
14:42 10,000 @ 41.30p
14:35 30 @ 41.40p
11:00 98 @ 41.40p
11:00 94 @ 40.00p
11:00 94 @ 40.00p

FIPP Key Personnel

CEO Neil Crabb
CFO Jo Stent

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