IVO portfolio company Circassia plans to float on LSE

6 February 2014

The UK’s Imperial Innovations Group (AIM: IVO) says that its largest portfolio company Circassia, has today announced its Intention to float on the London Stock Exchange’s Main Market.

Circassia is a clinical-stage specialty biopharmaceutical company focused on the development and commercialisation of a range of immunotherapy products for the treatment of allergies such as cat, grass, house dust mite and ragweed. These product candidates were developed using Circassia’s innovative technology, ToleroMune, which was initially developed at Imperial College London.

Imperial Innovations has led a number of funding rounds for Circassia since 2006. It is Innovations’ largest investment representing around 25% of the portfolio by value. Innovations’ equity stake in Circassia is currently 19.7%.

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