Genetic sequencing spinout Oxford Nanopore is the latest to be hit by the Woodford saga, with reports that the fund manager is looking to sell off its stake.

Andrew Williamson has become managing partner of Cambridge Innovation Capital after more than two years as investment director.

IP Group returned to join corporates BP and Drax for the Leeds CO2 capture spinout’s latest round, taking its total investment in the company to $2.2m since 2009.

The number of spinouts generated by TLO rose from 25 in 2016-2017, though licensing revenues fell year-on-year.

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