A diabetes technology company has been bought out of administration, saving a number of jobs. Insider Media reports Orsus Medical Ltd, which suffered financial difficulties after being unable to raise further investment due to commercial and contractual restrictions, has been bought by Afon Technology Ltd. Chepstow based Orsus Medical had performed multi-million pound research to … Continue reading Rescue deal saves jobs at Orsus Medical

Cryo Storage Solutions has secured fresh investment which will help it meet increasing demand from hospitals, medical research organisations and others. Insider Media reports the final tranche of a £150,000 funding round will be used by the Cardiff based company to complete development of a new cryogenic, low temperature sample storage facility. The £87,000 equity … Continue reading Cryo Storage Solutions brings angel investor on board

Bond Digital Health Ltd, who are based at Life Sciences Hub Wales in Cardiff, have appointed Russell Hicks as Head of Technology. MediWales reports Bond Digital Health, a software consultancy who provide app and cloud technology to the life sciences sector, created the role after raising £140,000 in structural funding. Russell Hicks has a Masters … Continue reading Bond Digital Health expands after new funding

Swansea-based start-up PulmonIR Ltd has developed a first generation of products that will predict whether a person has or is likely to develop a serious lung condition. Business News Wales reports PulmonIR are the first in the world to have developed a commercial instrument of this type specifically designed for respiratory applications. The company’s founders … Continue reading PulmonIR take major step in tackling lung disease

PPM Technology, which manufactures toxic gas monitors and indoor air quality sensors, has seen turnover rise consistently over recent years, from £660,000 in 2014 to £850,000 at the end of August 2018. Insider Media reports in the five months since September turnover has reached £550,000, putting the company well on course to pass the £1m … Continue reading PPM Technology eyes £1m turnover after export growth

Proton Partners International, the holding company of a group which is behind oncology centres across the UK, has floated on the NEX Exchange Growth Market with a market capitalisation of approximately £344m. Insider Media reports admission of the company’s shares on the exchange took place on February 28th. Conditional on admission, Proton Partners International received … Continue reading Market cap of £344m for Proton Partners International

Proton Partners International, the holding company of a group behind oncology centres across the UK, has confirmed plan to float on the NEX Exchange. Insider Media reports the company made an application today for admission of its shares to trading on NEX. Admission is currently expected to occur on February 28th. Proton Partners International was … Continue reading Proton Partners set to float on NEX

Rescape Innovation has received £480,000 through a combination of ten Wales-based angel investors and the Development Bank of Wales to export and develop its products. Insider Media reports the deal was led by South Wales-based investor Andrew Diplock, with support from Angels Invest Wales, part of the Development Bank of Wales, Geldards and Capital Law. … Continue reading Rescape Innovation receives £480,000 investment

Mikota Ltd, a Pembroke Dock-based biotechnology and medical device start up, is looking to commercialise a new and novel hemocyanin extracted from the invasive slipper limpet with the support of Innovate UK funding. The slipper limpet is a new, novel and very cost effective source of hemocyanin. The present gold standard, KLH, is sourced from … Continue reading Mikota awarded Innovate UK Challenge Fund grant

A healthcare technology start-up has received backing from a group of investors, including Craig Gulliford, the chief executive of listed medical device manufacturer Creo Medical. Insider Media reports Forth, which will relocate from Bristol to Chepstow following the investment, helps people navigate their way to better health using at home finger prick blood tests. The … Continue reading Forth receives backing from angel investors