Diurnal hails year of progress
The chief executive of listed business Diurnal has said the company’s latest financial year marked a key transition in progress towards its vision of “becoming a world-leading endocrinology specialty pharma company” after increasing its commercial footprint in key marketplaces. Insider Media reports in the year to June 30th 2020 total revenues rose from £1m to … Continue reading Diurnal hails year of progress
Design Reality developing respirator for frontline workers
Welsh Government Innovation is supporting Design Reality Ltd to develop an elastomeric pandemic respirator in response to Covid-19. The coronavirus pandemic has highlighted key shortcomings of the PPE that is available to frontline workers in the UK. There are two types of respirators; disposable and reusable. Disposables are more affordable but depend on unreliable supply … Continue reading Design Reality developing respirator for frontline workers
Staff numbers almost double at Transcend after PPE investment
An Ystrad Mynach based company, which has nearly doubled its permanent workforce in four months after switching part of its operations to create PPE, has secured more than £10m of funding to facilitate the growth of the business. Transcend Packaging specialises in providing sustainable packaging products to restaurants including McDonalds and Starbucks. Converting some of … Continue reading Staff numbers almost double at Transcend after PPE investment
Alesi Surgical strikes exclusive US distribution deal with Olympus
Alesi Surgical announced today that it has entered into an exclusive agreement with Olympus to distribute the 510(k) cleared Ultravision surgical smoke control system in the US. Olympus is passionate about the solutions it creates for the medical, life sciences, and industrial equipment industries, as well as cameras and audio products. Olympus’ medical business uses … Continue reading Alesi Surgical strikes exclusive US distribution deal with Olympus
Rescape overfunding after successful crowdfunding campaign
A Cardiff based immersive technology in healthcare pioneer is overfunding after its successful crowdfunding campaign secured backing from a wide range of investors. Insider Media reports Rescape Innovation has already raised more than £350,000 through Crowdcube to help the company expand its use of virtual reality in the treatment of patients and to help frontline … Continue reading Rescape overfunding after successful crowdfunding campaign
Consortium completes successful coronavirus study
BBI Solutions has welcomed the UK-Rapid Test Consortium’s (UK-RTC) announcement that their COVID-19 lateral flow antibody test, designed for people to use within their own homes, has received approval to go to market for professional use. Crumlin based BBI Solutions is a leading global developer and manufacturer of raw materials and finished test products for … Continue reading Consortium completes successful coronavirus study
Crowdfunding campaign for sensory device designed for people with dementia
The LAUGH project are delighted to announce they are almost there with their aim to get HUG manufactured and commercially available. HUG by LAUGH, which looks like a soft toy on the outside, is a sensory device designed to bring pleasure and comfort to people living with dementia. It is designed to be cuddled and … Continue reading Crowdfunding campaign for sensory device designed for people with dementia
Haemair to develop a prototype blood oxygenation device
SMART Cymru is supporting Haemair Ltd to develop a prototype blood oxygenation device for normothermic perfusion of transplant organs. The average time a patient waits on a kidney transplant waiting list in the UK is typically thirty months. In the US it is over four years. These figures are very likely to increase substantially in … Continue reading Haemair to develop a prototype blood oxygenation device
EKF Diagnostics invests in digital health platform
Penarth based EKF Diagnostics has invested $5m into a resilience driven digital health service for complex chronic conditions. MediWales reports the investment in the Trellus Health platform will be used to support the newly incorporated company’s work to transform the way chronic conditions are treated, with an initial focus on inflammatory bowel disease (IBD), including … Continue reading EKF Diagnostics invests in digital health platform
Magstim expands in deal acquiring EGI portfolio
Magstim, a global leader in transcranial magnetic stimulation (TMS), has acquired the product portfolio of Electric Geodesics Inc (EGI),from Royal Philips. WalesOnline reports the value of the deal is not being disclosed. TMS, which Magstim pioneered, is a non-invasive outpatient therapy with very few side effects that is used to treat major depressive disorder. EGI … Continue reading Magstim expands in deal acquiring EGI portfolio
