Frontier Portfolio Company Exscientia In Glaxo Collaboration

Intellectual property commercialization specialist Frontier IP Group PLC (FIPP.LN) Monday said its portfolio company Exscientia Ltd yesterday announced that it has entered into a strategic drug discovery collaboration with GlaxoSmithKline PLC (GSK.LN).

Shares at 0801 GMT, up 4 pence, or 11.8%, at 43 pence valuing the company at GBP16.3 million

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-Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter: @RoryGallivan

(END) Dow Jones Newswires

July 03, 2017 04:17 ET (08:17 GMT)