First use of Creo Medical’s Speedboat in the US
Creo Medical Group, a Chepstow-based company focusing on the emerging field of surgical endoscopy, has announced the successful first treatment of patients in the US using its Speedboat device powered by the company’s CROMA electrosurgery advanced energy platform. As part of the company’s strategy to establish a training-centric commercialisation programme in the US two gastrointestinal … Continue reading First use of Creo Medical’s Speedboat in the US
New trap for bugs could stop damage to golf courses
Swansea University-based biotech company Bionema has launched a product that can trap chafer beetles, whose larvae is responsible for millions of pounds worth of damage to grass and turf. An ADAS Consultancy report has calculated the economic cost of chafer grubs at up to £85m a year for golf courses in the UK, from lost … Continue reading New trap for bugs could stop damage to golf courses
£6.5m to expand BioCatalysts enzyme production plant
Nantgarw-based Biocatalysts Ltd is expanding its enzyme production plant. The £6.5m investment supported by Barclays has built an eleven thousand square foot extension to the existing site together with significant investment in new plant, to treble manufacturing capacity at the site. MediWales reports the investment will create thirty additional jobs and accommodate increased demand as … Continue reading £6.5m to expand BioCatalysts enzyme production plant
LDC sells stake in Prism Medical
LDC has exited a £40m turnover, four hundred and fifty employee manufacturer and provider of specialist healthcare equipment, selling its stake to private equity firm Limerston Capital. Prism Medical UK specialises in moving, handling and bathing equipment for elderly, disabled and mobility disadvantaged clients. It supports customers in environments such as schools, hospitals and care … Continue reading LDC sells stake in Prism Medical
Bionema receives £765,000 Innovate UK grant
Bionema Ltd, a leading biotech Swansea University-based company, has received a grant award from Innovate UK to further develop technology that could help combat pests which cost the worldwide economy billions every year. The £765,000 grant was awarded under Innovate UK’s Open Competition and will fund part of a collaborative project with the University of … Continue reading Bionema receives £765,000 Innovate UK grant
Wound healing collaboration awarded £50,000
A Welsh Wound Innovation Centre (WWIC) collaboration with Neem Biotech and Sheffield Collaboratorium for Antimicrobial Resistance and Biofilms (SCARAB) has been awarded a £50,000 National Biofilms Innovation Centre (NBIC) Proof of Concept grant. Cardiff University reports the inaugural grant has been awarded to expand the development and testing of effective anti-biofilm interventions, based on the … Continue reading Wound healing collaboration awarded £50,000
MedaPhor raises £5.08m with placing and open offer
AIM listed medical products company MedaPhor has raised £5.08m through a placing of £5m and an open offer of almost £79,000, according to Insider Media. The net proceeds of the transaction will be used to develop AI-based products ScanNav AutoCapture and ScanNav AnatomyGuide, to submit these products for regulatory approval, and for general working capital … Continue reading MedaPhor raises £5.08m with placing and open offer
£500,000 funding for Thermetrix’s diabetic footcare device
Thermetrix Ltd has secured £500,000 investment for their latest venture to support the development of a diabetic footcare system. The funding includes £200,000 seed investment from the Development Bank of Wales as well as business angels and corporate support. MediWales reports the equity investment, which has come from the Wales Technology Seed Fund, will also … Continue reading £500,000 funding for Thermetrix’s diabetic footcare device
Signum Health part of NHS Digital Innovation Accelerator
Signum Health has been selected as one of thirty four companies to be recognised as offering the highest potential to help NHS England meet the challenges of an ageing population and scarce resources. The prestigious accelerator scheme, which has already saved over £50m for the NHS, is designed to work intensively with digital companies to … Continue reading Signum Health part of NHS Digital Innovation Accelerator
New technology uses healing power of hugs
Wearable technology for people with dementia, which was piloted at Pobl Group’s Llys y Seren care home in Baglan, is up for a national award. The “HUG” nominated as 2018’s Outstanding Dementia Care Product, was developed by a research team from Cardiff School of Art and Design at Cardiff Metropolitan University. Pobl Group reports each … Continue reading New technology uses healing power of hugs
