Proactive Investors - Run By Investors For Investors

Frontier IP spins out third Portuguese firm Insignals Neurotech

Insignals is developing wearable wireless devices to precisely measure wrist rigidity to help surgeons place brain implants more accurately during surgery
Brain scans
Frontier said Insignals had already received interest from potential industry partners

Frontier IP Group Plc (LON:FIPP) has unveiled its third Portuguese spin out, Insignals Neurotech.

The IP commercialisation firm said it would hold a 33% stake in Insignals, which is a spin-out from the work of Professor João Paulo Cunha at the University of Porto and is developing wearable wireless devices to precisely measure wrist rigidity to help surgeons place brain implants more accurately during surgery on patients with Parkinson’s, epilepsy, and other neural conditions.

WATCH: Frontier IP spins out third Portuguese firm Insignals Neurotech

Wrist rigidity is used by doctors to decide the optimum position for an implant during surgery, but currently, this is done by two trained surgeons making a judgement by manually manipulating the wrist, meaning the procedure can be biased by the physicians' experience and perception.

Frontier said the device could help pharmaceutical companies monitor or assess the impact of new drugs in rigidity reduction during clinical trials, adding that Insignals had already received interest from potential industry partners and was looking to enter collaboration agreements to extend clinical trials in Portugal, the UK, and Germany.

Neil Crabb, Frontier’s chief executive, said that Insignals technology had “the potential to improve the accuracy of where to place an implant and relieve the symptoms of Parkinson's disease and other neural conditions”.

“The spin-out provides further evidence that we are now gaining serious traction in Portugal, a country with a lot of exciting IP and few companies providing commercialisation services."

João Paulo Cunha, co-founder of Insignals, added: "The creation of the Insignals Neurotech startup with our partners from Frontier IP will provide a strong innovation vehicle to consolidate the neuro-technology we've been developing for several years."

In early trading Tuesday, Frontier IP shares were up 0.6% at 87p.

--Adds share price--

View full FIPP profile View Profile

Frontier IP Group Plc Timeline

Related Articles

Drilling rig
January 10 2019
Since its first half results in August, the drilling services firm has secured two key contract extensions as well as a new delineation drilling contract in Côte d'Ivoire
Portfolio
November 05 2018
In early October, the company was presented with the ‘New to Market Award’ at the DIT Business Awards, an accolade that recognises its success in the country
Interviewees
August 07 2018
The offer values Nash at £98.7mln and DBAY already controls 26.1% of Harvey Nash shares
Copyright © Proactiveinvestors.com, 2019. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use