 |
|
BioControl secures £500,000
BioControl, a UK-based company developing a phage-based treatment for pseudomonas aeruginosa infections, has raised £500,000 in its first institutional round.
This comprised £250,000 from The Capital Fund and £250,000 from existing shareholders.
Pseudomonas is highly resistant to antibiotics; infections are persistent and can be lethal. Pseudomonas is a particular threat to cystic fibrosis sufferers. Biocontrol’s phage therapy has proved effective in phase two trials for topical applications. Biocontrol is now targeting the deep lung.
Patrick Benham-Crosswell of BC Capital, BioControl’s corporate finance adviser, said: “This investment enables BioControl to develop its therapy in preparation for wider trials. As the extent of pseudomonas infections becomes known, demand for Biocontrol’s phage-based therapies is likely to rise.”
People also read ... |
Related Articles |
Interesting links
Other Sector Watch
- Talking rubbish Jul 28 2008
- Crisis?– what crisis? Jul 01 2008
- Let the
drilling begin
May 13 2008 - Bargains on the high street
Mar 13 2008 - Sowing the seed Mar 03 2008
M&A News
- AIG invests in Brazillian engineering firm Sep 05 2008
- UK M&A in depressed state Sep 05 2008
- Nomura completes Moser Baer investment Sep 04 2008
- GDF Suez looks west
Sep 04 2008 - AFS completes Motek acquisition Sep 03 2008
Special Offers
- 2008 AIM Guide: Jul 17 2007
- Growth Company Investor Magazine: Jul 17 2007
- Cash Shells 2007 - Research report Jul 17 2007
- Venture Capital Trusts Jul 04 2007
M&A Deals
- Drax powers Chinese investment Sep 03 2008
- Gymbox is fighting fit
with new funding Sep 02 2008 - Smallbone cooks up kitchen deal Sep 02 2008
- Total Produce goes bananas for deals Sep 01 2008
- Ultra locates AudioSoft deal Sep 01 2008
Business Diary
- Rosenblatt New Energy Awards 2009 27th February
- Enterprise Security 2008 25th September
- European Semantic Technology Conference 2008 24th September
- Business XL How to float on AIM 11th September
- Investor AllStars Venture Capital Awards 2008 16th September