The commercialisation firm recovered from an $18.2m loss in 2016 by acquiring Touchstone Innovations, and opening a division focused on Australia and New Zealand.

UK-based commercialisation firm IP Group generated an annual profit of £53.4m ($72m) in 2017 to recover from an $18.2m loss the previous year. IP Group’s portfolio value rose to $1.5bn over the period, up from $757m in 2016, as the firm absorbed $475m from the books of Touchstone Innovations, which it acquired for approximately $641m…

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