Biotech bidders pick over remains of Woodford's fallen empire

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Bidders are this weekend circling the remnants of the fallen fund manager Neil Woodford's empire in an attempt to pick up his healthcare company stakes at bargain prices

Stakes in Verseon, Kymab and Immunocore are also included in the sale process, according to people who have seen documents related to it.

The completion of the healthcare portfolio sale, which is expected as soon as next month, will mark a further step towards the winding-up of Mr Woodford's eponymous asset management firm. Mr Woodford subsequently threw in the towel and said he was closing his firm five years after its launch attracted billions of pounds from ordinary savers.

Mr Woodford is now facing intense scrutiny from regulators and lawyers who believe there may be scope to bring claims against his firm.The nightmare engulfing the former Invesco manager has also raised questions about his relationship with fund supermarkets such as Hargreaves Lansdown, which has sought to present itself as a frustrated onlooker since WIM's Equity Income Fund was suspended in June.

 

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