Funding
Imperial College spin-out PolyTherics Ltd, has closed a £3 million round led by Imperial Innovations Group plc and including Longbow Capital and The Capital Fund. This follows on from a £2.3 million financing backed by the same syndicate in June 2007.
PolyTherics has developed technologies to improve the properties of biologic drugs and has licensed its targeted PEGylation technology TheraPEG to several commercial partners.
The new money will be used for the further development of the company’s PEGylation drug delivery platforms, HiPEG and CyPEG.
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