Genetic testing services provider Prenetics, a spinout of City University of Hong Kong, will hold a reverse merger at a $1.25bn valuation.

Based on research at Drexel University, Context Therapeutics is seeking to raise up to $21m in an initial public offering on Nasdaq.

Dundee spinout Exscientia is continuing a busy fundraising year with a filing for an IPO in the US and a $35m concurrent private placement.

Stryker has bought the surgery monitoring software provider, which was backed by Stanford-StartX Fund.

The Harvard spinout had raised $10m in seed funding from investors including Arch Venture Partners, but disappointing animal studies led the company to be wound down.

WPP has acquired UCL spinout Satalia for an undisclosed amount, almost 13 years after being founded.

Slingshot Aerospace has acquired the UChicago spinout developing a communication channel for preventing satellite collisions in space.

TU Delft and UMC Utrecht spinout MILabs has been purchased by Rigaku Corporation, which plans to use its medical imaging technology in drug development.

Strathclyde spinout Smarter Grid Solutions has been bought by Mitsubishi Electric for an undisclosed figure.

Evonik has bought one of its existing portfolio companies, Friedrich Schiller University Jena spinout JeNaCell, for an undisclosed sum.