Navigation Links
Glythera Relocates to North East as Part of £2M Funding Round
Date:6/21/2012

NEWCASTLE, England, June 21, 2012 /PRNewswire/ --

Glythera, an emerging biopharmaceutical company specialising in protein/peptide functionalisation and glycosylation, has secured a fundraising round totalling £2M with IP Group, which will be tranched over the next three years.

The company, a spin-out from the University of Bath, has recently established commercial operations at Newcastle's INEX incubator facility, following an initial £600,000 investment split equally between IP Group and its managed fund, the Finance for Business North East Technology Fund. The next two tranches will be of a similar size and are contingent on certain milestones being met.

Glythera's relocation has led to the immediate creation of new research and development positions in the North East of England including the appointment of Dr David Simpson as Chief Operating Officer. David has over 15 years of experience in the biopharmaceutical industry, having held senior technical, managerial and leadership positions centred on the development and manufacturing of biopharmaceutical products destined for worldwide approval. Further growth is anticipated over the next three years in line with the company's commercial and technical needs.

Dr Anthony Baxter, Glythera's Chairman, commented: "We are obviously delighted to close this funding round in what remains a challenging environment. Our ability to do this is testament to the strength of the Glythera technology, combined with the leadership and technical skills of our team."

David added: "Relocating to the North East makes a lot of sense for us, due to the region's strong pedigree in biomanufacturing, giving us the ideal base from which to partner with leading companies and attract a skilled workforce."

Duncan Lowery, Senior Investment Manager at IP Group, commented: "As David has mentioned, the North East has a real strength in biomanufacturing and the fact that Glythera is relocating here
'/>"/>

SOURCE Glythera
Copyright©2012 PR Newswire.
All rights reserved

Page: 1 2 3 4

Related biology technology :

1. Northeastern University Nanomanufacturing Center Director Ahmed Busnaina to Present Webinar on “The Democratization of Manufacturing”
2. Instrumentation Laboratory Moves To Direct Distribution Of Hemostasis Product Line In North America
3. Northwest Bio and Fraunhofer IZI Announce Milestones Reached
4. OncoSec to Present at 10th Annual BioPartnering North America
5. Tengion Announces Relocation of Corporate Headquarters to Current Facility in Winston-Salem, North Carolina
6. Northwest Bio Reaffirms Its Freedom to Operate; Refutes Other Parties Misleading Patent Assertions
7. StemCyte Adds World Class Talent to its North America and Global Operations
8. Tengion Presents New Scientific Data in Presentations at TERMIS North America Annual Meeting
9. Northwest Bio Implements Major Balance Sheet Clean-Up
10. BioSpace Spotlights Northwests Life Science Community
11. U.S. Senate Urged to Increase Federal Funding for Research into Hereditary Angioedema, a Rare and Serious Genetic Disorder
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:12/22/2014)... Dec. 22, 2014  ( www.competitivehealth.com ) — Competitive ... medical bill review and advocacy service, has signed an ... WellCard Savings discount health services marketplace. 63% ... more than they expected to pay. As part of ... costs, WellCard Savings is pleased to offer medical bill ...
(Date:12/22/2014)... 22, 2014 Fertility Associates of Memphis ... Bank USA , a network of more than 20 ... partnership, patients have fast access to a national pool ... IVF . Fertility Associates of Memphis is the only ... treatment option. , Dr. William Kutteh , director ...
(Date:12/19/2014)... BioPlus Specialty Pharmacy (BioPlus), one ... of Nick Maroulis, Pharm.D. to the newly created position ... In this position, Dr. Maroulis will continue to manage ... of our multi-site pharmacies as the company expands. Dr. ... that time he has served in many different capacities ...
(Date:12/19/2014)... Dec. 19, 2014 Bina Technologies, Inc. (Bina, ... that they have been acquired by Roche (SIX: RO, ... privately held company that provides a big data platform ... (NGS) data for the academic and translational research markets. ... and will continue to focus on development of their ...
Breaking Biology Technology:WellCard Savings Announces CoPatient Medical Bill Review Service for Members 2Fertility Associates of Memphis Announces Partnership with Donor Egg Bank USA 2Fertility Associates of Memphis Announces Partnership with Donor Egg Bank USA 3BioPlus Specialty Pharmacy Promotes Dr. Nick Maroulis to Vice President of Specialty Pharmacy Services 2Bina Technologies is acquired by Roche. 2Bina Technologies is acquired by Roche. 3
... , NEW YORK, Nov. ... research report is available in its catalogue. , ... Perspective , http://www.reportlinker.com/p0164375/Biotechnology-Reagents---A-Global-Market-Perspective.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=prnewswire ... chemical compounds used in a range of biotech ...
... , MONROVIA, Calif. and HANGZHOU, China, Nov. 18 ... "Company") (OTC Bulletin Board: NIUS), a leading U.S.-based biotech company ... announced that the Company,s popular Gummy Bear products will be ... has entered into a one year distribution contract with Hainan ...
... AMSTERDAM, November 18 , ... Heart,Association , Amsterdam Molecular Therapeutics (EuroNext Amsterdam: ... its non-audited business,update in compliance with the EU transparency directive. This ... 2009. , Q3 2009 Highlights, ...
Cached Biology Technology:Reportlinker Adds Biotechnology Reagents - A Global Market Perspective 2Reportlinker Adds Biotechnology Reagents - A Global Market Perspective 3Reportlinker Adds Biotechnology Reagents - A Global Market Perspective 4Reportlinker Adds Biotechnology Reagents - A Global Market Perspective 5Reportlinker Adds Biotechnology Reagents - A Global Market Perspective 6Reportlinker Adds Biotechnology Reagents - A Global Market Perspective 7Reportlinker Adds Biotechnology Reagents - A Global Market Perspective 8Niusule Expands Geographic Footprint in China 2Niusule Expands Geographic Footprint in China 3AMT Provides Business Update for the Third Quarter 2009 2AMT Provides Business Update for the Third Quarter 2009 3AMT Provides Business Update for the Third Quarter 2009 4
(Date:12/22/2014)... 2014 Research and Markets ... of the "The Global Watermarking and ... http://photos.prnewswire.com/prnh/20130307/600769 ... of the global digital media watermarking and ... monitor piracy by securely and invisibly embedding ...
(Date:12/19/2014)... 2014   LaunchKey , the first decentralized mobile ... Internet of Things era, today announced the close of ... was led by Metamorphic Ventures with participation from ENIAC ... and others.  LaunchKey has raised $4 million to date, ... team and bring LaunchKey to market in 2015. ...
(Date:12/17/2014)... DUBLIN , Dec. 16, 2014 Research ... announced the addition of the "Global Chemical ... http://photos.prnewswire.com/prnh/20130307/600769 ... is the increasing demand for medical sensors in ... patient data for quick and correct diagnosis during ...
Breaking Biology News(10 mins):The Global Watermarking and Fingerprinting Markets 2LaunchKey Raises $3 Million in Additional Funding Led by Metamorphic Ventures 2LaunchKey Raises $3 Million in Additional Funding Led by Metamorphic Ventures 3Global Chemical Sensor Market 2015-2019: Key Vendors are Abbott Laboratories, Bayer, Hoffmann La-Roche, Johnson & Johnson, NGK Spark Plugs and Robert Bosch 2
... to expand at a record pace with the addition of ... provides data on nearly half of all described species, with ... the International Union for the Conservation of Nature (IUCN) and ... In the four years since its first release, EOL ...
... Durham, NC The toothiest prehistoric predators also had beefier ... may come to mind, but these extinct cats weren,t the ... also known as nimravids and their catlike cousins, ... of these mammal groups lived millions of years before cats ...
... science have been discovered on the seafloor near Antarctica, ... The discoveries, made by teams led by the ... Survey, include new species of yeti crab, starfish, barnacles, ... first time, researchers have used a Remotely Operated Vehicle ...
Cached Biology News:The Encyclopedia of Life expanding at a record pace 2Prehistoric predators with supersized teeth had beefier arm bones 2Prehistoric predators with supersized teeth had beefier arm bones 3'Lost world' discovered around Antarctic vents 2
... PCR carry-over contamination, which prevents false ... products from previous PCR amplifications without ... improves amplification ,Optimized for use with ... instrument systems , The GeneAmp PCR ...
... that catalyzes the hydrolysis of,starch to ... dextrins. The,level of a-amylase in various ... of,clinical significance in the diagnosis of ... and microbial a-amylases are,important enzymes for ...
... Labsystems Wellmix is a high-quality four-place microplate ... The shaking speed is adjustable from 100 ... speed and a small orbit ensure effective ... time is quick and easy to set ...
Rabbit polyclonal to STUB1 ( Abpromise for all tested applications). entrezGeneID: 10273 SwissProtID: Q9UNE7...
Biology Products: