Arix Bioscience boost after Harpoon NASDAQ float
The fair value of the company's investment in Harpoon has grown by £6.2mln
Company
LON:ARIX
Arix Bioscience is a global venture capital company focused on investing in and building breakthrough biotech companies around cutting edge advances in life sciences. The company collaborates with exceptional entrepreneurs and provide the capital, expertise and global networks needed to help accelerate their ideas into important new treatments for patients. As a listed company, it aims to bring this growth phase of the industry to a broader range of investors.
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The fair value of the company's investment in Harpoon has grown by £6.2mln
Investments and investor services
There is not a lot of earnings news on either side of the Atlantic to drive markets higher
The global healthcare and life science company supporting medical innovation said that increase was compared to the current £20.2mln value of its holding in Harpoon
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A glance at some of the day's highlights from the Proactive Investors newswire
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A glance at some of the day's highlights from the Proactive Investors newswire
Harpoon Therapeutics has filed a registration statement with the US Securities and Exchange Commission relating to a proposed underwritten initial public offering
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A look at the day's major movers, including RM, MySale, Bilby, MC Mining and Bango
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A glance at some of the day's highlights from the Proactive Investors newswire
Since September, the group's portfolio has steamed ahead with a number of new and successful clinical trials, as well as a boost from the float of one of its companies on the Nasdaq
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A glance at some of the day's highlights from the Proactive Investors newswire
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A look at some of the London market's biggest risers and fallers on Monday
PTCL is a form of cancer that arises in areas of the body such as lymph nodes, spleen, the gastrointestinal tract, and skin
The Footsie looked destined to finish well off the top but still sporting a handsome gain following a weekend of deals at the G20 and Opec meetings
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A look at day's gliders and sliders, including Integumen, MC Mining, Intermediate Capital, Bovis Homes and other house-builders, Dart Group,Flybe, easyJet, IAG, Learning Technologies and Oilex.
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A glance at some of the day's highlights from the Proactive Investors newswire
Arix is a cornerstone investor in the ASX life sciences group
Investments and investor services
The UK's premier share index closed up around four points at 7,038, while the FTSE 250 shed almost 248 points at 18,662.
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A glance at some of the day's highlights from the Proactive Investors newswire
Investments and investor services
A look at the day's winners and sinners, including Dignity, Online Blockchain, Restaurant Group, TomCo Energy, Johnston Press, GYG, Anglo African Agriculture and Carr's Group
Including the £6.1mln Series C investment, the value of Arix’s 11.3% stake in Harpoon has increased to £20.2mln
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A glance at some of the day's highlights from the Proactive Investors newswire
The data from a phase Ib/II trial of Aura’s AU-011 eye cancer treatment show the injection doesn’t do too much damage to the surrounding healthy tissue in patients’ eyes
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A glance at some of the day's highlights from the Proactive Investors newswire
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A glance at some of the day's highlights from the Proactive Investors newswire
The UK investor in life sciences opportunities owns a stake 12.9% stake in LogicBio
A look at some winners and losers in UK equity trading during Friday's session
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A glance at some of the day's highlights from the Proactive Investors newswire
As a result of the IPO, the value of Arix’s stake in LogicBio has soared to almost £23mln, including the extra investment announced today
The UK blue-chip index closed up almost 23 points at 7,049 - up around 0.77% on the week as a whole
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A glance at some of the day's highlights from the Proactive Investors newswire
Arix reckons the value of its stake will more than triple, but it isn’t cashing in just yet, instead it wants to buy up more shares at the IPO
Investments and investor services
The partnership creates LAB591 as an academic bridge to cut down the time it takes for drug research programs to move from the lab to the market
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A glance at some of the day's highlights from the Proactive Investors newswire
Arix is investing US$11mln in VelosBio through a Series A funding round in return for an 11.2% stake in the company
The UK blue-chip index closed down around 14 points at 7,495 as the stronger pound weighed
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A glance at some of the day's highlights from the Proactive Investors newswire
LogicBio is a specialist in genome editing that is developing drugs for rare diseases
Investments and investor services
The UK blue-chip index closed nearly four points higher at 7,511
Analysts at Stifel say the venture capital firm is entering its first extended period of sustained news flow with shares trading at about 45% discount to their £2.53 price target
Unlike most penem drugs, Iterum’s sulopenem can be taken orally, which is why analysts think it has the potential to become a blockbuster antibiotic drug
Ed Rayner is an investment director for major shareholder Arix Bioscience Plc (LSE:ARIX).
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A glance at some of the day's highlights from the Proactive Investors newswire
A look at some of the top risers and fallers in London on Thursday
The UK benchmark index of leading shares finished down nearly 32 points at 7,281
A look at some of the biggest risers and fallers on the London market this Tuesday
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A glance at some of the day's highlights from the Proactive Investors newswire
Joe Anderson’s venture capital background made him an ideal fit for the CEO role during Arix’s early years, but the time has come for a new face to take the firm through its next stage of growth
Economists at ING said the August manufacturing data suggests “US business is weathering the protectionist storm for now"
Arix led a $24 million share placement and will invest $14.2 million in two tranches.
Chris Chipperton, a founder of the company, sold 3mln shares or around a third of his stake at 155p
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A glance at some of the day's highlights from the Proactive Investors newswire
Investments and investor services
A look at some of the top risers and fallers in London today
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A glance at some of the day's highlights from the Proactive Investors newswire
Three of Arix's investee companies will be busy in the coming months, while a fourth now has the financial runway to expand its ground-breaking research
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The quarterly update on the health of the UK economy showed something of a recovery from the snowed under first quarter.
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A glance at some of the day's highlights from the Proactive Investors newswire
A look at some of the top risers and fallers in London today
Arix led a A$24mln (£13.4mln) primary placing and will invest A$14.2mln itself in two tranches
Investments and investor services
At the close, the UK blue chip index was 4.68 points higher at 7,663.78, just below the session peak of 7,681.86, having recovered from a low of 7,636.60
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The capital raising was priced at a premium to the last traded share price.
Arix’s portfolio companies are involved in 15 clinical trials
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Cancer pioneer Autolus and anti-infective group Iterum both floated in the US
Arix is trading at a discount even to the estimated half-year net asset value of 180p
The IPO price was at the upper end of the US$15 to US$17 range
Autolus, which was spun out from University College London in 2014, is aiming to develop next-generation CAR-T treatments that it hopes will have an edge over the first wave of anti-cancer therapies
A look at some of the top risers and fallers in London on Tuesday
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The week ahead in includes updates from Lloyds, Barclays, RBS, Shire, GSK, Whitbread, Persimmon and Shell
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Week ahead: HSBC, Royal Bank of Scotland, Royal Dutch Shell, Next, Centrica, Shire, US jobs, Bank of England policy meeting ...
Arix isn’t a fund and it certainly isn’t a traditional VC, although in a lot of ways it operates like one.
SyndicateRoom will offer shares in DSM to its members on the same terms as the institutional investors
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A glance at some of the stories on the Proactive newswire today
The main risers and fallers around 2.45pm included Brave Bison, Metal Tiger, PCG, Entertainment ...
Investments and investor services
Around 3.15pm, the UK blue chip index was up over 21 points at 7,299, not far from the day’s peak of 7,307, and well above the day’s low of 7,253.