Sponsored by
Angels fly in to give Antoxis a £300,000 funding boost
A BIOTECH firm spun out of Glasgow University has received £300,000 in funding from a consortium of investors to help bring its products to market.
The Aberdeen-based Antoxis, which develops treatments for Parkinson's, stroke, Huntington's and other diseases linked with ageing, is to use the cash to develop commercial deals and validate its patents.
The funding was led by business angel syndicate Kapital Venture Equity, in partnership with Grampian BioPartners, TRI Capital Limited and the Scottish Enterprise Scottish Co-investment Fund. Nelson Gray, an independent business angel and chairman of Antoxis, said: "This latest round of investment is crucial in driving forward the great work that we have been doing to develop innovative means of helping treat crippling diseases such as Parkinson's, Huntington's and stroke."
David Grahame, executive director of LINC Scotland, the national association for business angels, added: "The success of Antoxis in securing a new round of investment shows that, despite the current economic challenges, business angels are still supporting innovative and viable companies."
Email to a friend
Print this page- Alistair Darling leads ‘No to independence’ fight over tea and biscuits
- Scottish independence: SNP flip-flops over Nato
- Today’s youth not fit to be employed, says car firm Arnold Clark
- Scottish Independence: SNP ‘won’t be Yes campaign’s only voice’
- The Rumour Mill: Wednesday’s football news and gossip
Looking for...
Featured advertisers
Jobs
Search for a job
Motors
Search for a car
Property
Search for a house
Weather for Edinburgh
Thursday 24 May 2012
Today
Sunny spells
Temperature: 10 C to 23 C
Wind Speed: 12 mph
Wind direction: North
Tomorrow
Sunny spells
Temperature: 9 C to 21 C
Wind Speed: 14 mph
Wind direction: North east
