Life Sciences and IP partner Alex Denoon advised Destiny Pharma Plc in relation to regulatory and IP issues in connection with its IPO and admission to trading on AIM. The company, whose nominated adviser and broker is Cantor Fitzgerald & Co, raised a total of £15.3M on a post money valuation of £65m. The Company is dedicated to the discovery, development and commercialisation of novel antimicrobials to improve outcomes for patients and the delivery of medical care into the future.
Life science partner Julian Hitchcock wrote the legal contribution to the report, published by the Nuffield Council on Bioethics , on the statutory time limit for maintaining human embryos in culture, arguing that new scientific developments will require a reconsideration of the current regulatory framework under the Human Fertilisation and Embryology Act 1990, but that no immediate change is required.
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Corporate partner Simon Charles and associate Marina Ehrlich advised Angling Direct Plc on its IPO and admission to trading on AIM. The company, whose nominated adviser and broker is Cenkos Securities Plc, raised a total of £9.4m by way of a placing of new and existing ordinary shares (sold down by some selling shareholders) on a post money valuation of just under £30m. The company operates a number of fishing tackle and angling products stores and has a growing online retail channel presence. Marriott Harrison LLP acted alongside the company’s solicitors Leathes Prior in Norwich who have advised the company since its establishment.
Marriott Harrison advised Mobeus Equity Partners on a VCT investment by funds managed by Mobeus into Wetsuit Outlet, one of Europe’s leading online retailers of technical clothing and equipment for water sports.
Wetsuit Outlet offers premium brands such as Gill, O’Neill and Rip Curl for sale worldwide at competitive prices. The investment by Mobeus will support Wetsuit Outlet’s fast-growing business and international expansion plans into the US, and help to broaden its product range into the equestrian and field sports markets.
Bob Henry, Partner at Mobeus commented: “We see the opportunity to build a global business, specialising in the online retail of technical sports clothing and equipment.”
Marriott Harrison corporate partner Jonathan Leigh-Hunt led the team, comprising corporate associates Fran Spooner, Lindsey Armstrong, Alex Lee and Harshna Patel, employment partner Katherine de Souza and associate Ed Belam, real estate associate Sam Swann and commercial consultant Eesheta Shah.