Cancer detection group Oncimmune Holdings said the University of Nottingham, from which it was spun out, had cut its holding in the company.
The university sold 4,317,287 shares and would remain a holder of 2,244,527. It had agreed to extend its lock up of the remaining shares for a further six months.
'The sale of these shares by the University is another step along the path of a successful spin out of the university technology,' the company said.
At 9:52am: (LON:ONC) Oncimmune Holdings Plc share price was 0p at 131.5p