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02Jul

Keele University spin out moves into KUSBP to support growth plans

Keele University spin out moves into KUSBP to support growth plans

Established in 2007, nanoTherics has moved into innovation centre 4 (IC4) at KUSBP to accommodate its growing team and benefit from larger and more advanced laboratory facilities.

It is using its new base to grow sales of a range of products that are based on ‘nanomagnetic’ technology which offers faster, more efficient ways to improve research into genetic disease disorders. Critical to this research is a process called transfection - the technology allowing DNA and other biomaterials to be placed inside a target cell. nanoTherics provides a range of unique, magnet array devices that enable transfection to be performed faster, more efficiently and with better cell viability than existing technologies.

NanothericsThe team of eight is led by CEO Dr. Linda Cammish who has ambitious plans for the company. She said: “We’ve received two rounds of funding over the last three years which has enabled us to steadily expand, so we outgrew our academic base at Keele University in January 2012. We needed 50 per cent more laboratory space to support the launch of our new products which KUSBP could offer us immediate access to. With the funding and facilities now in place, we’re looking to significantly increase our turnover next year and broaden our geographical spread by driving sales internationally, most specifically targeted both in Europe and America.”

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The arrival of nanoTherics at KUSBP means that IC4 is now fully let. The innovation centre is designed to serve medical technology businesses of all sizes, offering state-of-the art laboratories and high-quality office space. Tenants also get access to a range of support services offered by KUSBP including funding and facilities management.

Caroline Mairs, head of KUSBP commented: “nanoTherics is an excellent example of the cutting-edge technology that is coming out of UK universities. A successful spin out such as nanoTherics can play a vital role in the local and wider economy, providing commercial research that is making a genuine difference to the medical research industry and an environment that has the potential to attract a talented pool of employees. We’re delighted to welcome the company to KUSBP and look forward to helping support its future expansion.”

Filed under: Business News, Tenants Posted at 11:31

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