Myricx Bio (‘Myricx’), a UK biotech company focusing on the discovery and development of a completely novel class of payloads for antibody-drug conjugates (ADCs), today announced the closing of its series A financing raising £90m ($114m). The round was co-led by new leading life science investors Novo Holdings and Abingworth. Additional new investors British Patient Capital (a wholly owned commercial subsidiary of British Business Bank plc, the UK government’s economic development bank), Cancer Research Horizons and Eli Lilly and Company also participated alongside founding investors Brandon…
New R&D rules around contracted-out R&D are set to impact Clinical Research Organisations (CROs). Lizzie Gosling, innovations reliefs specialist for the life sciences and healthcare sector, looks at the key R&D regime changes and why CROs’ contracts need to be put under the spotlight.
What are the key changes?
The merger of the RDEC (‘R&D Expenditure Credit’) and SME (‘Small and Medium Enterprise’) R&D regimes comes into effect for periods starting on or after 1 April 2024. The goal of this merger is to offer a more streamlined and…
The NHS’ Health Research Authority (HRA) recently published its draft template Investigator Initiated Study Agreement (IIS Agreement)1 and called for comments on the draft.
According to the HRA, and in a similar way to the other model agreements used for other types of clinical trials conducted in the UK, the IIS Agreement is intended to act as a “standard contract agreement template” for use between non-commercial sponsors and commercial organisations providing support for investigator-initiated studies.
In principle, this is good news for the UK life sciences…
Cambridge, 27th June 2024: Leading regional property investor and developer Howard Group, is delighted to have been awarded ‘Commercial Project of the Year’ for its flagship science and technology hub, Unity Campus, at the Eastern Echo Awards on Wednesday 26th June.
Held at Homerton College, Cambridge and now in its third year, the well-respected Eastern Echo Awards showcase and celebrate the best of the East of England’s property industry. Unity Campus was shortlisted in three categories - ‘Commercial Project of the Year’, ‘Deal of the year’ (submitted by Mills Reeve for the…
Key appointment to support continued UK and US team expansion
Cambridge, UK, 27 June 2024: CN Bio, a leading provider of single- and multi-organ microphysiological systems, today announced the appointment of Lydia Seymour as Vice President of People and Culture. In this role, Lydia will work alongside the Company’s management team, providing guidance and support across recruitment and employee wellbeing, in addition to ensuring the implementation of robust professional development plans for CN Bio’s growing global team, and driving new initiatives to enhance workplace culture.
Lydia’s…
AMSBIO has launched a Glucagon-Like Peptide 1 Receptor (GLP-1R) reporter cell line.
GLP-1R is known to play a key role in controlling blood sugar levels by enhancing glucose-stimulated insulin secretion. Therefore, there is considerable interest in harnessing regulation of the GLP-1R mediated signaling pathway as a therapeutic approach to type 2 diabetes which has already resulted in the development of several GLP-1 FDA-approved agonists. In addition, GLP-1R agonists have also been shown to contribute to weight management, decrease the potential for cardiovascular diseases and…
The June edition of our People Pathways newsletter is now available to read here. You will find:
One Nucleus upcoming courses
Our new BLSA SIG on Neurodiversity
A Blog by Tony Jones, CEO of One Nucleus
Guest article by Aon
You can also read last month's newlsetter here.
Sandwich, Kent, UK / 26th June 2024 / Discovery Park welcomed experts in healthy ageing to its Innovation Summit on 20th June, calling for the life science network in Kent to join forces to make the county a leader in healthy ageing and longevity.
Over 230 attendees came together at the one day event to discuss innovation in healthcare, taking a close look at trends in healthy ageing, developing more integrated care, and the role of digital collaboration in future healthcare delivery.
Over-85s are the UK's fastest growing age group. Healthy ageing needs both biomedical and societal…
Check out the latest EY Biotechnology Report 2024
UK Life Science Trend Analysis 2024
The UK government published the Science & Technology Framework in early 2023, signaling a robust strategy for the growth of the science and technology sector, with a focus on increasing private investment in R&D. Potentially a result of this strategic push, biotech private equity funding experienced a slight rise both in terms of the amount raised and the number of funding rounds completed.
Biotechnology remains the primary focus within the UK life science industry, representing 36% of all companies. Notably, half of the biotech firms…