A number of UK biotech start-ups and university researchers are watching with interest a revised takeover offer from IP Group to merge with fellow intellectual property group Touchstone Innovations.
Touchstone Plays Tough As IP Group Ups Bid To £490m
One of the key attractions is Touchstone's holdings in Imperial College spin-offs such as Cell Medica, Circassia Pharmaceuticals and TopiVert Pharma.

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Sector-specific tariffs, including on pharmaceuticals, could be announced as early as this week.
The pact could be worth more than $2.6bn and adds to growing big pharma investment in the technology.
Following the near-total dominance of IgG antibodies, the UK group is backing the potential of IgA and IgE-based therapies to transform cancer treatment with the purchase of US-headquartered TigaTx.