Caerphilly based start-up Signum Health has secured a further £400,000 in an equity co-investment led by the Development Bank of Wales, with further investment obtained from private investors. MediWales reports this is the second round of investment the company has raised and brings the total funding for Signum Health to £600,000. Signum Health has also … Continue reading Signum Health gets further investment and new Chairman

Penarth-headquartered medical equipment company EKF has raised a total of £22.25m with the listing of a spin-out company after receiving proceeds from a restricted offer to current shareholders. Insider Media reports RenalytixAI received valid applications from qualifying EKF shareholders in respect of 1,223,952 RENX Shares, representing gross proceeds of approximately £1.48m. The allotment and issue … Continue reading EKF raises £22.25m with RenalytixAI placing

Dr Keith Martin, the chief executive of Chepstow-based clinical biotech company Apitope, is to retire from the company. Insider Media reports Apitope, who develop antigen-specific immunotherapies targeting autoimmune diseases, revealed Keith Martin had decided to retire after twelve years. Keith Martin will remain on the Apitope Board as a non-executive director. Dr Hayley French will … Continue reading Chief executive retires from Apitope

Industry representatives have said drug companies in Wales have been distracted from creating new medicines as they are “wasting” time and money preparing for a no deal Brexit. The UK Government wants pharmaceutical firms to stockpile an extra six weeks worth of medicine in case of no deal. The BBC reports pharmaceutical companies in Wales … Continue reading Drug companies wasting time preparing for no deal Brexit

Swansea-headquartered electronics manufacturer iPulse has almost doubled turnover with the company growing its own brand products as well as its outsourced manufacturing business. iPulse manufactures intense pulsed light devices which inhibit unwanted body hair growth. Insider Media reports turnover grew from £17.5m in the year to December 31st 2016 to £32.8m in 2017, with operating … Continue reading Turnover almost doubles at iPulse

Chepstow-headquartered surgical device company Creo Medical has secured framework distribution agreements for four EU countries. Insider Media reports the company, which produces devices for the emerging field of surgical endoscopy, has entered into the agreements to provide clinical training and market seeding across the Spanish, Belgian, Dutch and Luxembourg markets for Creo’s CROMA and Speedboat … Continue reading Creo Medical secures European distribution agreements

RenalytixAI, a spin-out from Welsh medical diagnostics company EKF Diagnostics, has raised £21m through a placing. The company plans to list on AIM. Insider Media reports the share issue values RenalytixAI, a developer of AI enabled clinical decision support solutions for kidney disease, at £63.9m. The company, which plans to launch a further restricted offer … Continue reading RenalytixAI raises £21m through share placing

Aberystwyth-based agricultural technology firm Phytoponics has received a further £300,000 in a funding round led by Smart Anchor Capital. Insider Media reports it follows on from a £200,000 funding round completed earlier this year. Phytoponic’s patented Hydrosac technology recently produced two tonnes of high quality tomatoes through a pilot project housed at the company’s glasshouse … Continue reading Phytoponics secures £300,000 extra funding

Welsh life sciences company Bond Digital Health has created two new job roles after receiving more than a quarter of a million pounds in funding. The company, based at the Life Sciences Hub in Cardiff, has hired Edryd Sharp as head of product design and Phil Cooley as quality assurance manager. Earlier this year Bond … Continue reading Bond Digital Health expands team after record funding

Purolite opened a new Protein A plant in Llantrisant Business Park on September 27th. Purolite says its facility will give biomanufacturers the “only credible alternative” for the supply of agarose Protein A resin. BioProcess International reports Purolite claims its chromatography resins can reduce costs by up to 70% compared to the market leading product. The … Continue reading Purolite opens a new facility in Llantrisant