PulmonIR take major step in tackling lung disease

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 eyes £1m turnover after export growth

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

Market cap of £344m for Proton Partners International

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 set to float on NEX

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 receives £480,000 investment

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 awarded Innovate UK Challenge Fund grant

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

Forth receives backing from angel investors

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

Simbec-Orion looks to expand after management buy out

Merthyr-based life sciences firm Simbec-Orion is looking to drive global expansion after being acquired by its management team with the backing of private equity firm CBPE Capital, through its £459m capital funding IX. The exact value of the multi-million pound deal has not been disclosed. However WalesOnline understands the Welsh Government, which had around a … Continue reading Simbec-Orion looks to expand after management buy out

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

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