Life sciences firms merge
AN EDINBURGH-based life sciences company whose technology improves laboratory efficiency has merged with a North-east peer and secured fresh funding.
ImmunoSolv, a University of Edinburgh spin-out company based at the institution's BioQuarter, said it was poised for "significant growth" following the deal with Aberdeen-based Grampian BioConsultants. Financial details were not disclosed.
The combined group, ImmunoSolv, has had a cash injection from existing investor Grampian BioPartners, and matched funding from Scottish Enterprise's Co-Investment Fund.
Ruth Murray, chief executive and co-founder of ImmunoSolv, said: "The merger provides the opportunity to drive high-value product development."
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Monday 13 February 2012
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