IQ Endoscopes secures Development Bank of Wales and Creo Medical led £1.5m funding round

The Development Bank of Wales is co-investing with corporate investor Creo Medical Group plc alongside other funders as part of a £1.5m equity round into IQ Endoscopes Ltd. The investment will support the rapid product development of the IQ platform, a range of single use flexible endoscopes which provides images of the full length of … Continue reading IQ Endoscopes secures Development Bank of Wales and Creo Medical led £1.5m funding round

EKF introduces accurate quantitative Covid-19 antibody test kit

EKF Diagnostics, a global in vitro diagnostics company based in Penarth, has introduced one of the first tests to precisely measure levels of Covid-19 neutralising antibodies in individuals. Unlike other antibody tests, MediWales reports the Kantaro COVID-SeroKlir SARS-CoV-2 IgG antibody test kit determines both the presence and specific quantities of human IgG antibodies to the … Continue reading EKF introduces accurate quantitative Covid-19 antibody test kit

Bond Digital Health secures a £1.2m equity boost to support expansion plans

The investment for the Cardiff based company consists of £1m from Wealth Club, a high net worth investment service, and £200,000 from the Development Bank of Wales. WalesOnline reports the finance will fund further business growth, product development and expansion into new global markets. Earlier this year Bond received £700,000 in equity funding from the … Continue reading Bond Digital Health secures a £1.2m equity boost to support expansion plans

Study proves alternative blood alcohol test is more accurate

A new study by a Cardiff laboratory has proved that an alternative blood alcohol test is more accurate and sensitive than the test currently used by bodies including the DVLA and health providers. Business News Wales reports Cansford Laboratories has confirmed previous research that the newer PEth blood test is better at detecting regular alcohol … Continue reading Study proves alternative blood alcohol test is more accurate

EKF dividend to facilitate Trellus spin-out

Penarth based EKF Diagnostics is to update shareholders on a dividend in specie which will facilitate the spin-out of the company’s shareholding in Trellus Health. Trellus provides digital health services for people with complex chronic conditions. Insider Media reports EKF made a $5m investment in the business, which is headquartered in New York and has … Continue reading EKF dividend to facilitate Trellus spin-out

Solar refrigeration firm Dulas wins biggest ever order

Solar cold chain specialist Dulas has secured its biggest ever order with seven hundred and eighty vaccine refrigerators heading to Nigeria. Dulas, based in Machynlleth, has provided innovative solar powered solutions to remote and off grid locations for more than three decades. Its products help to support the delivery of essential medical aid in developing … Continue reading Solar refrigeration firm Dulas wins biggest ever order

Contractor to be sought for £199m life science and wellness village in Llanelli

Work to identify a main contractor for a new life science and wellness village in Carmarthenshire is expected to get underway in January. WalesOnline reports the rebranded project, called Pentre Awel, will feature a range of buildings and facilities at Delta Lakes, Llanelli. Clinical services will be delivered there, including physical rehabilitation, and space provided … Continue reading Contractor to be sought for £199m life science and wellness village in Llanelli

EKF secures new orders for Covid-19 collection kits

Specialist manufacturer EKF has received two orders for Covid-19 sample collection kits. Insider Media reports the Penarth headquartered business has secured two new customers for the PrimeStore MTM Covid-19 sample collection devices; Health Service Executive Ireland and a national health body in England. The tests will be made at EKF’s facilities in Penarth and Barleben, … Continue reading EKF secures new orders for Covid-19 collection kits

FSG Tool and Die scales up production of visors

Welsh Government Innovation is supporting FSG Tool and Die Ltd to scale up the production of visor frames for frontline staff in response to the Covid-19 pandemic. Business Wales reports FSG, in collaborations with Swansea University, responded to the urgent need to develop certified, safe visors that were effective and quick to manufacture. Through design, … Continue reading FSG Tool and Die scales up production of visors

Cytiva expands contract lyophilisation capacity with new lab

Cytiva has announced the official opening of its new manufacturing laboratory to support its Lyo-Stable lyophilisation services for genomics and diagnostics assay stabilisation at its Centre of Excellence in Cardiff. MediWales reports the new laboratory offers increased capacity, with an additional new freeze drier and a separate, dedicated humidity controlled kitting area. With three dedicated … Continue reading Cytiva expands contract lyophilisation capacity with new lab

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