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OBN's 2011 Annual Awards Dinner Celebrates UK Bioscience Success Stories
Date:9/14/2011

OXFORD, England, September 14, 2011 /PRNewswire/ --

http://www.obn.org.uk/obn_/menu.php?p=rss&rn=rssfeed&prechk_news=1

Some of the UK's bioscience sector major success stories were recognised last night at the OBN Annual Bioscience Awards Dinner 2011. The not-for-profit business network, which provides comprehensive support for biotech and medtech companies in Oxford and South-East England, celebrated the Awards at a capacity black tie event at Broadgates Hall and Pembroke College, Oxford. The Awards sought to highlight the many great achievements of the UK's bioscience sector in raising funds, making deals and supporting innovation, despite the challenges of operating within an adverse financial climate. This year's Awards had a particular focus on the achievements of the nominees in the current difficult business environment.


The 2011 award winners were:

Circassia,  Best Biotech Fundraiser

Circassia raised £60m for the development of its lead allergy products in April 2011 in the third largest fundraising by a privately-held European biopharmaceutical company in more than 15 years. To date, Circassia has successfully completed four investment rounds, raising approximately £93 million ($159 million).

CellNovo,  Best MedTech Fundraiser

As featured at OBN's 2011 BioTrinity, Cellnovo raised £30m to advance mobile diabetes management in February 2011. Cellnovo is using the funds to commercialize its miniaturised integrated pump, meter and management system and expand to markets around the world.

Vertex Pharmaceuticals,  Best New Product

Incivek™ (telaprevir) is a new oral medicine approved in the USA in May 2011 for the treatment of hepatitis C. It acts directly on the hepatitis C virus protease, an enzyme essential for
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