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Pharma firm Abzena to list
ABZENA, the biopharmaceutical research specialist, yesterday announced its intention to float on London’s junior stock market to raise an undisclosed sum.
Abzena, which has £5.8m of annual revenues, helps develop therapeutic proteins and antibodies.
The group’s major institutional investors include Invesco Perpetual, the former home of Neil Woodford, and Imperial Innovations, a specialist in commercialising university research that owns 26.2 per cent.
The sale will include new and existing shares, to be listed on the Alternative Investment Market next month.