KPMG, alongside a four-man team from PPL Therapeutics, will look to sell the company either in its entirety or piecemeal, the Evening Standard reported.
PPL Therapeutics made national and world headlines when it produced the world’s first cloned new mammal, which in turn, helped turn the company into a £500m stock market star.
But commercial uses for the technology were hard to find and the company was unable to develop marketable products from the science breakthrough.
Three directors, including chief executive Geoff Cook, have stepped down as well as two non-executive directors.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements