IP Group recorded a $24m loss in a period when the firm also restructured its business following the acquisition of Touchstone Innovations.

UK-based commercialisation firm IP Group slumped to a £21.6m ($24m) loss for the first half of 2018, from a £18.4m ($24m at the time) profit in the same period last year.

The result came as IP Group continued the process of integrating fellow commercialisation firm Touchstone Innovations after acquiring the unit for approximately $641m in November 2017.

IP Group has reorganised structurally into two sector-focused divisions, one covering life sciences and the other technology, with both operating from a…