Intelligent Ultrasound raises more than £6m to fuel further expansion

Cardiff based Intelligent Ultrasound Group has raised £6.25m in a share placing. WalesOnline reports the company, previously called Medaphor, raised the money through the conditional issue of 62.5m shares. Intelligent Ultrasound is also proposing to raise a further £250,000 through the issue of 2.5m shares. Stuart Gall, chief executive of Intelligent Ultrasound, said “This is … Continue reading Intelligent Ultrasound raises more than £6m to fuel further expansion

TrakCel continues to expand workforce

Cardiff medical software company TrakCel will be increasing their number of staff beyond a hundred as they expand their workforce to meet global demand for their product. Having more than doubled their employee numbers during the financial year, Business News Wales reports TrakCel is set to recruit over forty people in 2019. The company’s recruitment … Continue reading TrakCel continues to expand workforce

Diurnal proposes £1m share placing

Speciality pharmaceutical company Diurnal, which is headquartered in Cardiff, has revealed plans to raise £1m to aid the commercialisation of products. Insider Media reports this follows a conditional placing which raised £5.35m before expenses. Martin Whitaker, chief executive of Diurnal, said “Diurnal has continued to make strong progress across its business, including the successful launch … Continue reading Diurnal proposes £1m share placing

Bionema raises £180,000 for ongoing biopesticides development

Bionema Ltd has announced the completion of a £180,000 equity investment, led by private investors with co-investment from the Development Bank of Wales. Bionema specialises in the development and sales of biopesticides in the agri-food sector. It is based at Swansea University, who report the investment will be used to develop innovative biopesticides that will … Continue reading Bionema raises £180,000 for ongoing biopesticides development

Trecento Diagnostics seeks funding for dog DNA testing

Trecento Diagnostics is looking to raise funds to bring its DNA testing product, designed for use by vets, to market. Insider Media reports the Cardiff headquartered company is hoping to raise £250,000 on crowdfunding platform Crowdcube for a 5% stake in order to commercialise its technology, which includes a hygienic dog urine collector, a molecular … Continue reading Trecento Diagnostics seeks funding for dog DNA testing

Thermal Compaction Group secures £426k in funding

Thermal Compaction Group (TCG) has been awarded £426,000 by Innovate UK to develop its pioneering work in the recycling of medical waste material, which can generate income for the NHS. The award was made through Innovate UK Open Call competition and the £426,000 is 70% funded by Innovate UK, with 30% invested by TCG. Cardiff … Continue reading Thermal Compaction Group secures £426k in funding

CatSci expanding after Welsh Government support

CatSci Ltd is set to create sixteen new highly skilled jobs thanks to Welsh Government support. CatSci, based at Capital Business Park in Wentloog, currently employs thirty one people and will create the new roles as part of an ambitious three year expansion plan. The company specialises in helping pharmaceutical companies bring new therapeutics to … Continue reading CatSci expanding after Welsh Government support

Rescue deal saves jobs at Orsus Medical

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 brings angel investor on board

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 expands after new funding

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

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