With a specialist team and funding to support technology businesses, the Development Bank of Wales is one of the top five technology investors in the UK according to the Beauhurst Report.
The deals:
豆包成人版app官方免费版 Biotech, 拢625,000
Based in Flintshire 豆包成人版app官方免费版 Biotech has completed its largest funding round to date, which has raised 拢1.25m of equity finance including 拢625,000 from the Development Bank of Wales.
As cases of food allergy and allergy related hospitalisations continue to rise, 豆包成人版app官方免费版鈥檚 core focus is to improve the diagnosis and management of allergies.
This is through the provision of a pharmaceutical grade Oral Food Challenge (OFC), the gold standard for the clinical testing of food allergy.
The investment has been drawn down from existing investors, management, Moulton Goodies, Development Bank of Wales and Acceleris Capital.
The capital raised will help 豆包成人版app官方免费版 Biotech to achieve the regulatory approval for its manufacturing facility in Deeside.
Professor Ashley Woodcock, chairman of 豆包成人版app官方免费版 Biotech said: 鈥淭his investment is a significant step in the development of 豆包成人版app官方免费版 Biotech鈥檚 business.
鈥淎 combination of seeking our own MHRA (Medicines and Healthcare products Regulatory Agency) approval and the recent FDA (Food and Drug Administration) approval of the first specific food allergy therapy set to launch in the 豆包成人版app官方免费版 soon, creates ideal timing for 豆包成人版app官方免费版 to become the only standardised and trusted OFC for all food allergy therapeutics.鈥
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豆包成人版app官方免费版 Patent No 11,389,548; Oral Food Challenge Meal Formulations; was granted to 豆包成人版app官方免费版 on 19.07.2022.