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BUSINESS WEEKLY
Canadians pay £45m for Cambridge Science Park asset in swoop on Golden Triangle. Canadian power player Oxford Properties Group, a leading global real estate investor, asset manager and business builder, has extended its global life sciences platform with the acquisition of 310 Cambridge Science AVEVA STOCK PLUMMETS AS CHANGE OF CEO IS UNVEILED Cambridge industrial and engineering software giant AVEVA saw its UK share price plunge 171p – 4.38 per cent – after revealing that CEO Craig Hayman was leaving this summer to return to the US for personal reasons. He will leave after the AGM in July. Peter Herweck will be seconded from Schneider Electric on request of the AVEVA Board to the CEO role with effect from May 1 of EXCALIBUR AIMS TO PUT COVID TO THE SWORD FOR CAMBRIDGE Sir Chris Evans’ company Excalibur Healthcare Services has been appointed by Cambridge University to deliver comprehensive and highly accurate student COVID-19 testing. Sir Chris has set up a laboratory at Cambridge Science Park in a move that is very much back to the future: He founded some of the first biotech companies in the uK at the location in the 1980s and 90s. VARSITY SPAWNED AS CYCLE PHARMACEUTICALS AGREES $25M DEBT Cycle Pharmaceuticals, a privately-owned, global, patient-dedicated global biotechnology company focused on developing and delivering medicines for rare diseases, has executed a definitive agreement for a $25 million credit facility with Deutsche Bank AG. This strategic financing allows Cycle to build on the success of NITYR® (nitisinone) Tablets, which treats patients with CANADA’S NANO ONE AND JOHNSON MATTHEY SUPERCHARGE BATTERY Nano One Materials Corp from Canada and Cambridge UK Science & Technology gamechanger Johnson Matthey are accelerating their joint development of nextgen lithium batteries. The companies are co-developing next generation products and processes for Johnson Matthey’s eLNO family of nickel-rich advanced cathode materials. They will leverage Nano One’s patented One-Pot LEADING GUT CLINIC OPENS NEW CENTRE IN CAMBRIDGE One of the UK’s leading gastrointestinal health practices has opened a new clinic in Cambridge, aiming to give patients in the region a better option for dealing with their gut problems. The Functional Gut Clinic, which already has premises in London and Manchester, has opened its doors in Bateman Street close to the University BotanicalGardens.
CAMBRIDGE NANOTHERM GOES BUST BUT IP SET FOR SALE Cambridge Nanotherm, which makes advanced aluminium nano-ceramic substrate technology for the thermal management of electronic applications, has gone into administration. Colin Hardman and Henry Shinners of Smith & Williamson LLP, have been appointed as joint administrators. They are currently finalising the sale of the company’s Intellectual Property. AZERIA THERAPEUTICS LIQUIDATED 15 MONTHS AFTER RAISING £ A Cambridge startup specialising in a highly complex area of cancer research has decided to close its doors just 15 months or so after raising a £32 million Series B. In all, Azeria Therapeutics had raised £36m in its first two rounds but it recently decided to liquidate the business. Liquidator Stephen Adshead of Smith & Williamson told Business Weekly it had been a “solvent NOW PIGS CAN REALLY FLY Cambridgeshire firm, Hygene Pigs, is set to cash in on a new agreement allowing Britain to export breeding pigs to China. The deal and future business stemming from the agreement is expected to be worth around 45 million to the British pig industry over the next five years.John Millard at Hygene Pigs, formerly known as JJ Genetics and based in Caxton, hailed the breakthrough as “fabulous STRUTT & PARKER (FARMS) SOLD TO ROBIGUS LIMITED Strutt & Parker (Farms) Limited, one of East Anglia’s oldest and best known diversified farming businesses, with a history dating back more than 100 years across Suffolk, Essex and Cambridgeshire, has been sold to Robigus Limited for an undisclosed sum. Robigus is operated in conjunction with Belport Limited, with finance provided by Europeaninvestors.
BUSINESS WEEKLY
Canadians pay £45m for Cambridge Science Park asset in swoop on Golden Triangle. Canadian power player Oxford Properties Group, a leading global real estate investor, asset manager and business builder, has extended its global life sciences platform with the acquisition of 310 Cambridge Science AVEVA STOCK PLUMMETS AS CHANGE OF CEO IS UNVEILED Cambridge industrial and engineering software giant AVEVA saw its UK share price plunge 171p – 4.38 per cent – after revealing that CEO Craig Hayman was leaving this summer to return to the US for personal reasons. He will leave after the AGM in July. Peter Herweck will be seconded from Schneider Electric on request of the AVEVA Board to the CEO role with effect from May 1 of EXCALIBUR AIMS TO PUT COVID TO THE SWORD FOR CAMBRIDGE Sir Chris Evans’ company Excalibur Healthcare Services has been appointed by Cambridge University to deliver comprehensive and highly accurate student COVID-19 testing. Sir Chris has set up a laboratory at Cambridge Science Park in a move that is very much back to the future: He founded some of the first biotech companies in the uK at the location in the 1980s and 90s. VARSITY SPAWNED AS CYCLE PHARMACEUTICALS AGREES $25M DEBT Cycle Pharmaceuticals, a privately-owned, global, patient-dedicated global biotechnology company focused on developing and delivering medicines for rare diseases, has executed a definitive agreement for a $25 million credit facility with Deutsche Bank AG. This strategic financing allows Cycle to build on the success of NITYR® (nitisinone) Tablets, which treats patients with CANADA’S NANO ONE AND JOHNSON MATTHEY SUPERCHARGE BATTERY Nano One Materials Corp from Canada and Cambridge UK Science & Technology gamechanger Johnson Matthey are accelerating their joint development of nextgen lithium batteries. The companies are co-developing next generation products and processes for Johnson Matthey’s eLNO family of nickel-rich advanced cathode materials. They will leverage Nano One’s patented One-Pot LEADING GUT CLINIC OPENS NEW CENTRE IN CAMBRIDGE One of the UK’s leading gastrointestinal health practices has opened a new clinic in Cambridge, aiming to give patients in the region a better option for dealing with their gut problems. The Functional Gut Clinic, which already has premises in London and Manchester, has opened its doors in Bateman Street close to the University BotanicalGardens.
CAMBRIDGE NANOTHERM GOES BUST BUT IP SET FOR SALE Cambridge Nanotherm, which makes advanced aluminium nano-ceramic substrate technology for the thermal management of electronic applications, has gone into administration. Colin Hardman and Henry Shinners of Smith & Williamson LLP, have been appointed as joint administrators. They are currently finalising the sale of the company’s Intellectual Property. AZERIA THERAPEUTICS LIQUIDATED 15 MONTHS AFTER RAISING £ A Cambridge startup specialising in a highly complex area of cancer research has decided to close its doors just 15 months or so after raising a £32 million Series B. In all, Azeria Therapeutics had raised £36m in its first two rounds but it recently decided to liquidate the business. Liquidator Stephen Adshead of Smith & Williamson told Business Weekly it had been a “solvent NOW PIGS CAN REALLY FLY Cambridgeshire firm, Hygene Pigs, is set to cash in on a new agreement allowing Britain to export breeding pigs to China. The deal and future business stemming from the agreement is expected to be worth around 45 million to the British pig industry over the next five years.John Millard at Hygene Pigs, formerly known as JJ Genetics and based in Caxton, hailed the breakthrough as “fabulous STRUTT & PARKER (FARMS) SOLD TO ROBIGUS LIMITED Strutt & Parker (Farms) Limited, one of East Anglia’s oldest and best known diversified farming businesses, with a history dating back more than 100 years across Suffolk, Essex and Cambridgeshire, has been sold to Robigus Limited for an undisclosed sum. Robigus is operated in conjunction with Belport Limited, with finance provided by Europeaninvestors.
BUSINESS WEEKLY
Canadians pay £45m for Cambridge Science Park asset in swoop on Golden Triangle. Canadian power player Oxford Properties Group, a leading global real estate investor, asset manager and business builder, has extended its global life sciences platform with the acquisition of 310 Cambridge Science NEWS | BUSINESS WEEKLY | TECHNOLOGY NEWS | BUSINESS NEWS News: Inside track news updates on local companies in technology, manufacturing and services to industry throughout Cambridge and the East of England - businessweekly.co.uk TECH TRAIL | BUSINESS WEEKLY A brush with death prompted a change in career direction for Cambridge entrepreneur Hannah Sore and has led to a surge of success for thecompany she
IPO ACTIVITY FORECAST TO SURGE IN 2021 Competition for investment is set to intensify after the UK markets closed last year with a flourish of activity which is predicted to continue in 2021, according to EY’s latest market tracker IPO Eye. After a subdued first half in 2020, in Q3 we saw the re-emergence of IPO activity, followed by a significant uptick in Q4. In the final quarter of the year, the main market had EXCALIBUR HEALTHCARE LAUNCHES WORLD FIRST IPHONE TEST APP The Cambridge lab of Excalibur Healthcare Services has launched Test To Go – the world’s first mobile phone app that enables people to conduct rapid COVID-19 tests, record the results instantly and create a digital certificate showing their coronavirus status. The app, powered by MagnifEye, is available for businesses and individuals and is designed for work, leisure orTRADE FLOOR
1 day ago · An alliance between AVEVA in Cambridge and International Maritime Industries (IMI) in Saudi Arabia will result in the ‘shipyard of the future,’ the SCIENCE PARK SET FOR MAJOR GROWTH AFTER TTP AGREES £46.2M Cambridge technology innovator TTP predicts major long-term growth for its Melbourn Science Park basecamp after selling a long leasehold for 46.2 million to Bruntwood SciTech – a 50:50 joint venture between property provider Bruntwood and Legal & General. The buyer says it will work closely with the local planning authority in the coming months to develop an ambitious LUMINANCE LAUNCHES AI TOOL TO TRANSFORM IN-HOUSE LEGAL Luminance has launched a new AI-powered platform, Luminance Corporate, which aims to transform the way in-house lawyers understand, manage and negotiate their contracts. The tool will also automate a range of tasks to streamline the contract lifecycle process, from contract mark-up to drafting, version control and contract renewal. CAMBRIDGE UNIVERSITY SPINOUTS CONTRIBUTE TO RECORD UK The University of Cambridge is second only to Queen’s University Belfast for yields on successful exits from academic spinouts, according to research by Octopus Ventures. UK university spinouts are achieving record breaking exit values, according to the latest figures from Octopus Ventures’ Entrepreneurial Impact Ranking 2020. While Queen’s retained top spot, Octopus says the BANGO NETS ALMOST £10M FROM KOREAN BIG DATA POWERHOUSE South Korean Big Data business NHN Corp is investing almost £10 million in Cambridge UK mobile payments technology specialist Bango to strengthen the companies’ global partnership. NHN is taking a 4.7 per cent strategic stake in Bango for £3.2m and making an additional 6.5m investment into Bango’s Audiens business; this latter deal will give NHN a 60 per cent stake in theBUSINESS WEEKLY
Canadians pay £45m for Cambridge Science Park asset in swoop on Golden Triangle. Canadian power player Oxford Properties Group, a leading global real estate investor, asset manager and business builder, has extended its global life sciences platform with the acquisition of 310 Cambridge Science EXCALIBUR AIMS TO PUT COVID TO THE SWORD FOR CAMBRIDGE Sir Chris Evans’ company Excalibur Healthcare Services has been appointed by Cambridge University to deliver comprehensive and highly accurate student COVID-19 testing. Sir Chris has set up a laboratory at Cambridge Science Park in a move that is very much back to the future: He founded some of the first biotech companies in the uK at the location in the 1980s and 90s. AVEVA STOCK PLUMMETS AS CHANGE OF CEO IS UNVEILED Cambridge industrial and engineering software giant AVEVA saw its UK share price plunge 171p – 4.38 per cent – after revealing that CEO Craig Hayman was leaving this summer to return to the US for personal reasons. He will leave after the AGM in July. Peter Herweck will be seconded from Schneider Electric on request of the AVEVA Board to the CEO role with effect from May 1 of CANADA’S NANO ONE AND JOHNSON MATTHEY SUPERCHARGE BATTERY Nano One Materials Corp from Canada and Cambridge UK Science & Technology gamechanger Johnson Matthey are accelerating their joint development of nextgen lithium batteries. The companies are co-developing next generation products and processes for Johnson Matthey’s eLNO family of nickel-rich advanced cathode materials. They will leverage Nano One’s patented One-Pot VARSITY SPAWNED AS CYCLE PHARMACEUTICALS AGREES $25M DEBT Cycle Pharmaceuticals, a privately-owned, global, patient-dedicated global biotechnology company focused on developing and delivering medicines for rare diseases, has executed a definitive agreement for a $25 million credit facility with Deutsche Bank AG. This strategic financing allows Cycle to build on the success of NITYR® (nitisinone) Tablets, which treats patients with GATES FOUNDATION BACKS BIOCRUCIBLE’S COVID-19 VENTURE Biocrucible Ltd at Granta Park in the Cambridge technology cluster has received funding from the Bill & Melinda Gates Foundation to explore rapid molecular testing options for COVID-19 and other pathogens, which could be used in the home or in field settings. Cambridge-based office design and fit-out business COEL and a fellow city company, lab furniture specialist CAMBRIDGE NANOTHERM GOES BUST BUT IP SET FOR SALE Cambridge Nanotherm, which makes advanced aluminium nano-ceramic substrate technology for the thermal management of electronic applications, has gone into administration. Colin Hardman and Henry Shinners of Smith & Williamson LLP, have been appointed as joint administrators. They are currently finalising the sale of the company’s Intellectual Property. AZERIA THERAPEUTICS LIQUIDATED 15 MONTHS AFTER RAISING £ A Cambridge startup specialising in a highly complex area of cancer research has decided to close its doors just 15 months or so after raising a £32 million Series B. In all, Azeria Therapeutics had raised £36m in its first two rounds but it recently decided to liquidate the business. Liquidator Stephen Adshead of Smith & Williamson told Business Weekly it had been a “solvent NOW PIGS CAN REALLY FLY Cambridgeshire firm, Hygene Pigs, is set to cash in on a new agreement allowing Britain to export breeding pigs to China. The deal and future business stemming from the agreement is expected to be worth around 45 million to the British pig industry over the next five years.John Millard at Hygene Pigs, formerly known as JJ Genetics and based in Caxton, hailed the breakthrough as “fabulous STRUTT & PARKER (FARMS) SOLD TO ROBIGUS LIMITED Strutt & Parker (Farms) Limited, one of East Anglia’s oldest and best known diversified farming businesses, with a history dating back more than 100 years across Suffolk, Essex and Cambridgeshire, has been sold to Robigus Limited for an undisclosed sum. Robigus is operated in conjunction with Belport Limited, with finance provided by Europeaninvestors.
BUSINESS WEEKLY
Canadians pay £45m for Cambridge Science Park asset in swoop on Golden Triangle. Canadian power player Oxford Properties Group, a leading global real estate investor, asset manager and business builder, has extended its global life sciences platform with the acquisition of 310 Cambridge Science EXCALIBUR AIMS TO PUT COVID TO THE SWORD FOR CAMBRIDGE Sir Chris Evans’ company Excalibur Healthcare Services has been appointed by Cambridge University to deliver comprehensive and highly accurate student COVID-19 testing. Sir Chris has set up a laboratory at Cambridge Science Park in a move that is very much back to the future: He founded some of the first biotech companies in the uK at the location in the 1980s and 90s. AVEVA STOCK PLUMMETS AS CHANGE OF CEO IS UNVEILED Cambridge industrial and engineering software giant AVEVA saw its UK share price plunge 171p – 4.38 per cent – after revealing that CEO Craig Hayman was leaving this summer to return to the US for personal reasons. He will leave after the AGM in July. Peter Herweck will be seconded from Schneider Electric on request of the AVEVA Board to the CEO role with effect from May 1 of CANADA’S NANO ONE AND JOHNSON MATTHEY SUPERCHARGE BATTERY Nano One Materials Corp from Canada and Cambridge UK Science & Technology gamechanger Johnson Matthey are accelerating their joint development of nextgen lithium batteries. The companies are co-developing next generation products and processes for Johnson Matthey’s eLNO family of nickel-rich advanced cathode materials. They will leverage Nano One’s patented One-Pot VARSITY SPAWNED AS CYCLE PHARMACEUTICALS AGREES $25M DEBT Cycle Pharmaceuticals, a privately-owned, global, patient-dedicated global biotechnology company focused on developing and delivering medicines for rare diseases, has executed a definitive agreement for a $25 million credit facility with Deutsche Bank AG. This strategic financing allows Cycle to build on the success of NITYR® (nitisinone) Tablets, which treats patients with GATES FOUNDATION BACKS BIOCRUCIBLE’S COVID-19 VENTURE Biocrucible Ltd at Granta Park in the Cambridge technology cluster has received funding from the Bill & Melinda Gates Foundation to explore rapid molecular testing options for COVID-19 and other pathogens, which could be used in the home or in field settings. Cambridge-based office design and fit-out business COEL and a fellow city company, lab furniture specialist CAMBRIDGE NANOTHERM GOES BUST BUT IP SET FOR SALE Cambridge Nanotherm, which makes advanced aluminium nano-ceramic substrate technology for the thermal management of electronic applications, has gone into administration. Colin Hardman and Henry Shinners of Smith & Williamson LLP, have been appointed as joint administrators. They are currently finalising the sale of the company’s Intellectual Property. AZERIA THERAPEUTICS LIQUIDATED 15 MONTHS AFTER RAISING £ A Cambridge startup specialising in a highly complex area of cancer research has decided to close its doors just 15 months or so after raising a £32 million Series B. In all, Azeria Therapeutics had raised £36m in its first two rounds but it recently decided to liquidate the business. Liquidator Stephen Adshead of Smith & Williamson told Business Weekly it had been a “solvent NOW PIGS CAN REALLY FLY Cambridgeshire firm, Hygene Pigs, is set to cash in on a new agreement allowing Britain to export breeding pigs to China. The deal and future business stemming from the agreement is expected to be worth around 45 million to the British pig industry over the next five years.John Millard at Hygene Pigs, formerly known as JJ Genetics and based in Caxton, hailed the breakthrough as “fabulous STRUTT & PARKER (FARMS) SOLD TO ROBIGUS LIMITED Strutt & Parker (Farms) Limited, one of East Anglia’s oldest and best known diversified farming businesses, with a history dating back more than 100 years across Suffolk, Essex and Cambridgeshire, has been sold to Robigus Limited for an undisclosed sum. Robigus is operated in conjunction with Belport Limited, with finance provided by Europeaninvestors.
NEWS | BUSINESS WEEKLY | TECHNOLOGY NEWS | BUSINESS NEWS 4 hours ago · News: Inside track news updates on local companies in technology, manufacturing and services to industry throughout Cambridge and the East of England - businessweekly.co.uk TECH TRAIL | BUSINESS WEEKLY A brush with death prompted a change in career direction for Cambridge entrepreneur Hannah Sore and has led to a surge of success for thecompany she
IPO ACTIVITY FORECAST TO SURGE IN 2021 Competition for investment is set to intensify after the UK markets closed last year with a flourish of activity which is predicted to continue in 2021, according to EY’s latest market tracker IPO Eye. After a subdued first half in 2020, in Q3 we saw the re-emergence of IPO activity, followed by a significant uptick in Q4. In the final quarter of the year, the main market had EXCALIBUR HEALTHCARE LAUNCHES WORLD FIRST IPHONE TEST APP The Cambridge lab of Excalibur Healthcare Services has launched Test To Go – the world’s first mobile phone app that enables people to conduct rapid COVID-19 tests, record the results instantly and create a digital certificate showing their coronavirus status. The app, powered by MagnifEye, is available for businesses and individuals and is designed for work, leisure orTRADE FLOOR
1 day ago · An alliance between AVEVA in Cambridge and International Maritime Industries (IMI) in Saudi Arabia will result in the ‘shipyard of the future,’ the SCIENCE PARK SET FOR MAJOR GROWTH AFTER TTP AGREES £46.2M Cambridge technology innovator TTP predicts major long-term growth for its Melbourn Science Park basecamp after selling a long leasehold for 46.2 million to Bruntwood SciTech – a 50:50 joint venture between property provider Bruntwood and Legal & General. The buyer says it will work closely with the local planning authority in the coming months to develop an ambitious LUMINANCE LAUNCHES AI TOOL TO TRANSFORM IN-HOUSE LEGAL Luminance has launched a new AI-powered platform, Luminance Corporate, which aims to transform the way in-house lawyers understand, manage and negotiate their contracts. The tool will also automate a range of tasks to streamline the contract lifecycle process, from contract mark-up to drafting, version control and contract renewal. CAMBRIDGE UNIVERSITY SPINOUTS CONTRIBUTE TO RECORD UK The University of Cambridge is second only to Queen’s University Belfast for yields on successful exits from academic spinouts, according to research by Octopus Ventures. UK university spinouts are achieving record breaking exit values, according to the latest figures from Octopus Ventures’ Entrepreneurial Impact Ranking 2020. While Queen’s retained top spot, Octopus says the LEADING GUT CLINIC OPENS NEW CENTRE IN CAMBRIDGE One of the UK’s leading gastrointestinal health practices has opened a new clinic in Cambridge, aiming to give patients in the region a better option for dealing with their gut problems. The Functional Gut Clinic, which already has premises in London and Manchester, has opened its doors in Bateman Street close to the University BotanicalGardens.
ASTRAZENECA FORECASTS FIVE NEW BLOCKBUSTER MEDICINES THIS AstraZeneca CEO Pascal Soriot expects five new medicines from the Cambridge UK ‘Big Biotech’ business to be blockbusters this year – drugs that achieve at least $1 billion annual sales. He revealed product pipeline and global territorial growth along with first-half results showing £11.314bn total revenue – nine per cent up year-on-year and reported operating profit ofBUSINESS WEEKLY
Canadians pay £45m for Cambridge Science Park asset in swoop on Golden Triangle. Canadian power player Oxford Properties Group, a leading global real estate investor, asset manager and business builder, has extended its global life sciences platform with the acquisition of 310 Cambridge Science AVEVA STOCK PLUMMETS AS CHANGE OF CEO IS UNVEILED Cambridge industrial and engineering software giant AVEVA saw its UK share price plunge 171p – 4.38 per cent – after revealing that CEO Craig Hayman was leaving this summer to return to the US for personal reasons. He will leave after the AGM in July. Peter Herweck will be seconded from Schneider Electric on request of the AVEVA Board to the CEO role with effect from May 1 of EXCALIBUR AIMS TO PUT COVID TO THE SWORD FOR CAMBRIDGE Sir Chris Evans’ company Excalibur Healthcare Services has been appointed by Cambridge University to deliver comprehensive and highly accurate student COVID-19 testing. Sir Chris has set up a laboratory at Cambridge Science Park in a move that is very much back to the future: He founded some of the first biotech companies in the uK at the location in the 1980s and 90s. IPO ACTIVITY FORECAST TO SURGE IN 2021 Competition for investment is set to intensify after the UK markets closed last year with a flourish of activity which is predicted to continue in 2021, according to EY’s latest market tracker IPO Eye. After a subdued first half in 2020, in Q3 we saw the re-emergence of IPO activity, followed by a significant uptick in Q4. In the final quarter of the year, the main market had VARSITY SPAWNED AS CYCLE PHARMACEUTICALS AGREES $25M DEBT Cycle Pharmaceuticals, a privately-owned, global, patient-dedicated global biotechnology company focused on developing and delivering medicines for rare diseases, has executed a definitive agreement for a $25 million credit facility with Deutsche Bank AG. This strategic financing allows Cycle to build on the success of NITYR® (nitisinone) Tablets, which treats patients with LEADING GUT CLINIC OPENS NEW CENTRE IN CAMBRIDGE One of the UK’s leading gastrointestinal health practices has opened a new clinic in Cambridge, aiming to give patients in the region a better option for dealing with their gut problems. The Functional Gut Clinic, which already has premises in London and Manchester, has opened its doors in Bateman Street close to the University BotanicalGardens.
AZERIA THERAPEUTICS LIQUIDATED 15 MONTHS AFTER RAISING £ A Cambridge startup specialising in a highly complex area of cancer research has decided to close its doors just 15 months or so after raising a £32 million Series B. In all, Azeria Therapeutics had raised £36m in its first two rounds but it recently decided to liquidate the business. Liquidator Stephen Adshead of Smith & Williamson told Business Weekly it had been a “solvent NOW PIGS CAN REALLY FLY Cambridgeshire firm, Hygene Pigs, is set to cash in on a new agreement allowing Britain to export breeding pigs to China. The deal and future business stemming from the agreement is expected to be worth around 45 million to the British pig industry over the next five years.John Millard at Hygene Pigs, formerly known as JJ Genetics and based in Caxton, hailed the breakthrough as “fabulous CAMBRIDGE NANOTHERM GOES BUST BUT IP SET FOR SALE Cambridge Nanotherm, which makes advanced aluminium nano-ceramic substrate technology for the thermal management of electronic applications, has gone into administration. Colin Hardman and Henry Shinners of Smith & Williamson LLP, have been appointed as joint administrators. They are currently finalising the sale of the company’s Intellectual Property. STRUTT & PARKER (FARMS) SOLD TO ROBIGUS LIMITED Strutt & Parker (Farms) Limited, one of East Anglia’s oldest and best known diversified farming businesses, with a history dating back more than 100 years across Suffolk, Essex and Cambridgeshire, has been sold to Robigus Limited for an undisclosed sum. Robigus is operated in conjunction with Belport Limited, with finance provided by Europeaninvestors.
BUSINESS WEEKLY
Canadians pay £45m for Cambridge Science Park asset in swoop on Golden Triangle. Canadian power player Oxford Properties Group, a leading global real estate investor, asset manager and business builder, has extended its global life sciences platform with the acquisition of 310 Cambridge Science AVEVA STOCK PLUMMETS AS CHANGE OF CEO IS UNVEILED Cambridge industrial and engineering software giant AVEVA saw its UK share price plunge 171p – 4.38 per cent – after revealing that CEO Craig Hayman was leaving this summer to return to the US for personal reasons. He will leave after the AGM in July. Peter Herweck will be seconded from Schneider Electric on request of the AVEVA Board to the CEO role with effect from May 1 of EXCALIBUR AIMS TO PUT COVID TO THE SWORD FOR CAMBRIDGE Sir Chris Evans’ company Excalibur Healthcare Services has been appointed by Cambridge University to deliver comprehensive and highly accurate student COVID-19 testing. Sir Chris has set up a laboratory at Cambridge Science Park in a move that is very much back to the future: He founded some of the first biotech companies in the uK at the location in the 1980s and 90s. IPO ACTIVITY FORECAST TO SURGE IN 2021 Competition for investment is set to intensify after the UK markets closed last year with a flourish of activity which is predicted to continue in 2021, according to EY’s latest market tracker IPO Eye. After a subdued first half in 2020, in Q3 we saw the re-emergence of IPO activity, followed by a significant uptick in Q4. In the final quarter of the year, the main market had VARSITY SPAWNED AS CYCLE PHARMACEUTICALS AGREES $25M DEBT Cycle Pharmaceuticals, a privately-owned, global, patient-dedicated global biotechnology company focused on developing and delivering medicines for rare diseases, has executed a definitive agreement for a $25 million credit facility with Deutsche Bank AG. This strategic financing allows Cycle to build on the success of NITYR® (nitisinone) Tablets, which treats patients with LEADING GUT CLINIC OPENS NEW CENTRE IN CAMBRIDGE One of the UK’s leading gastrointestinal health practices has opened a new clinic in Cambridge, aiming to give patients in the region a better option for dealing with their gut problems. The Functional Gut Clinic, which already has premises in London and Manchester, has opened its doors in Bateman Street close to the University BotanicalGardens.
AZERIA THERAPEUTICS LIQUIDATED 15 MONTHS AFTER RAISING £ A Cambridge startup specialising in a highly complex area of cancer research has decided to close its doors just 15 months or so after raising a £32 million Series B. In all, Azeria Therapeutics had raised £36m in its first two rounds but it recently decided to liquidate the business. Liquidator Stephen Adshead of Smith & Williamson told Business Weekly it had been a “solvent NOW PIGS CAN REALLY FLY Cambridgeshire firm, Hygene Pigs, is set to cash in on a new agreement allowing Britain to export breeding pigs to China. The deal and future business stemming from the agreement is expected to be worth around 45 million to the British pig industry over the next five years.John Millard at Hygene Pigs, formerly known as JJ Genetics and based in Caxton, hailed the breakthrough as “fabulous CAMBRIDGE NANOTHERM GOES BUST BUT IP SET FOR SALE Cambridge Nanotherm, which makes advanced aluminium nano-ceramic substrate technology for the thermal management of electronic applications, has gone into administration. Colin Hardman and Henry Shinners of Smith & Williamson LLP, have been appointed as joint administrators. They are currently finalising the sale of the company’s Intellectual Property. STRUTT & PARKER (FARMS) SOLD TO ROBIGUS LIMITED Strutt & Parker (Farms) Limited, one of East Anglia’s oldest and best known diversified farming businesses, with a history dating back more than 100 years across Suffolk, Essex and Cambridgeshire, has been sold to Robigus Limited for an undisclosed sum. Robigus is operated in conjunction with Belport Limited, with finance provided by Europeaninvestors.
NEWS | BUSINESS WEEKLY | TECHNOLOGY NEWS | BUSINESS NEWS News: Inside track news updates on local companies in technology, manufacturing and services to industry throughout Cambridge and the East of England - businessweekly.co.uk IPO ACTIVITY FORECAST TO SURGE IN 2021 Competition for investment is set to intensify after the UK markets closed last year with a flourish of activity which is predicted to continue in 2021, according to EY’s latest market tracker IPO Eye. After a subdued first half in 2020, in Q3 we saw the re-emergence of IPO activity, followed by a significant uptick in Q4. In the final quarter of the year, the main market had TECH TRAIL | BUSINESS WEEKLY A brush with death prompted a change in career direction for Cambridge entrepreneur Hannah Sore and has led to a surge of success for thecompany she
EXCALIBUR HEALTHCARE LAUNCHES WORLD FIRST IPHONE TEST APP The Cambridge lab of Excalibur Healthcare Services has launched Test To Go – the world’s first mobile phone app that enables people to conduct rapid COVID-19 tests, record the results instantly and create a digital certificate showing their coronavirus status. The app, powered by MagnifEye, is available for businesses and individuals and is designed for work, leisure or CAMBRIDGE UNIVERSITY PRESS TO MERGE WITH CAMBRIDGE Cambridge University Press and Cambridge Assessment are being combined into a single entity from August 2021.The University of Cambridge says the merger was accelerated by the rapid uptake of digital education during the COVID-19 pandemic. "Business news from Cambridge and theEast of
CAMBRIDGE UNIVERSITY SPINOUTS CONTRIBUTE TO RECORD UK The University of Cambridge is second only to Queen’s University Belfast for yields on successful exits from academic spinouts, according to research by Octopus Ventures. UK university spinouts are achieving record breaking exit values, according to the latest figures from Octopus Ventures’ Entrepreneurial Impact Ranking 2020. While Queen’s retained top spot, Octopus says the SCIENCE PARK SET FOR MAJOR GROWTH AFTER TTP AGREES £46.2M Cambridge technology innovator TTP predicts major long-term growth for its Melbourn Science Park basecamp after selling a long leasehold for 46.2 million to Bruntwood SciTech – a 50:50 joint venture between property provider Bruntwood and Legal & General. The buyer says it will work closely with the local planning authority in the coming months to develop an ambitious LEADING GUT CLINIC OPENS NEW CENTRE IN CAMBRIDGE One of the UK’s leading gastrointestinal health practices has opened a new clinic in Cambridge, aiming to give patients in the region a better option for dealing with their gut problems. The Functional Gut Clinic, which already has premises in London and Manchester, has opened its doors in Bateman Street close to the University BotanicalGardens.
GREAT DECISION AS SECONDMIND BLOOMS FROM PROWLER.IO Tech entrepreneur Vishal Chatrath believes he and senior colleagues have teed up a new wave of global growth after rebranding the Cambridge-based AI and ML decision-making business PROWLER.io as Secondmind. Launched less than four years ago, the startup’s engagement with international customers has soared as management decided to go for ‘best’ rather than go for broke. ‘TITANIC’ TO BE SUNK WITHOUT TRACE AS ST JOHN’S The Cambridge building branded the Titanic because it was home to ill-fated tech company Ionica, which sunk without trace after a glorious embarkment, is to be demolished to make way for future expansion at St John’s Innovation Park. "Business news from Cambridge and the East of England" WE USE COOKIES ON THIS SITE TO ENHANCE YOUR USER EXPERIENCE By clicking any link on this page you are giving your consent for usto set cookies.
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THE KILLER 50
The 50 hottest disruptive technology companies ACHILLES TAKES FUNDING HAUL TO C£153M IN 14 MONTHS Achilles Therapeutics has taken its funding haul to just under £153 million in 14 months with a £52.7m Series C. It raised £100m inSeptember 2019....
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CAMBRIDGE ENTERPRISE STARTS SEARCH FOR NEW CEO Cambridge Enterprise, which commercialises technology emanating from the university, has...*
CAMBRIDGE INNOVATION CAPITAL CO-LEADS £7.1M SERIES A IN ML POWERHOUSE Cambridge Innovation Capital and AlbionVC have co-led a £7.1 million Series A investment in...*
CLUSTER DEALS HIT $66.85 BILLION IN 12 GIDDY MONTHS Looking at major deals in the last 12 calendar months it’s hard to overshadow the $40...*
DAY OF THE TRIFFIDS MAKES CENTS AS ARM PLOTS BILLIONS OF BATTERYLESSDEVICES
Cambridge technology pathfinder Arm has lit the fuse to a brave new world of ultra low cost...*
STAN’S THE MAN FOR CAMBRIDGE TECHNOLOGY INNOVATION One of Cambridge’s celebrated serial entrepreneurs is Stan Boland, whose hands-on involvement in the technology cluster began when he joined Acorn Computers in September... More*
CLEEVELY PLUMBS CAMBRIDGE INTO SUPERSTAR STATUS Serial entrepreneur, investor and influencer David Cleevely was inspired to start his own consultancy by the Cambridge Phenomenon – now he is a central part of it. As... More*
JACKSON THRIVES AS SCIENTIST COMPOSES ANOTHER THRILLER! Raising Venture Capital for his first company – KuDOS Pharmaceuticals – took such a strain on eminent Cambridge scientist Professor Steve Jackson that it left him... More*
ROCKET SCIENCE: THE CAMBRIDGE WAY Success breeds success and what we are seeing in Cambridge now is the coming of age of a regional hi-tech cluster that has become one of the best known in the world,... More*
GOLDEN CHILD SKIPPED THE SILVER SPOON INHERITANCE There has been no silver spoon evident in Darrin Disley’s incredible achievements in taking Horizon Discovery from having £9k in the bank in March 2008 to a $113 million... MoreNEWS
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PAEDIATRIC HEALTHTECH NETS £10K BONUS TO HELP CHILDREN WITH HEARINGLOSS
Babraham Research Campus, AstraZeneca and CMS Ventures joined forces to offer the current cohort of.....*
ACHILLES TAKES FUNDING HAUL TO C£153M IN 14 MONTHS*
BICYCLE CLIPS COST €4M+*
TALKS COULD TRIGGER COVID TEST ROLLOUT*
CMR SURGICAL ROBOT ARM TOPS 1,000 OPERATIONS LANDMARKHI-TECH
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POROTECH PRIMED FOR $MULTIBILLION AR AND HEADSET MARKETS University of Cambridge spin-out Porotech has launched its first product based on its breakthrough.....*
FEATURESPACE LEADS REGION’S TECHNOLOGY FAST 50 COHORT*
CAMBRIDGE TECHNOLOGY PRESERVES RUSSIAN ART*
SKYLINE WIRELESS ACQUIRED BY FIBRE FAST-TRACKER GIGABIT NETWORKS*
ALGODYNAMIX LAUNCHES QUANTUM COMPUTING FOR MORE POWERFUL FORECASTINGCLEANTECH
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OCEANS OF OPPORTUNITY AS WATERWAYS MONITOR PIONEER SCALES GLOBALLY A Cambridge sensory technology business is taking a new product to market in a landmark move that.....*
FORMER WHITE HOUSE CLIMATE CHANGE ADVISER BECOMES CHAIR AT CAMBRIDGEUNIVERSITY SPIN-OUT
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FFI JOINS PRINCE WILLIAM IN FIGHT TO SAVE THE PLANET*
CLEAN, GREEN AND ENERGY MEAN: KAO DATA A SUSTAINABILITY EXEMPLAR*
CAMBRIDGE COMPANIES IN BID TO REVOLUTIONISE REFRIGERATIONTECH TRAIL
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GENETICS ADVANCEMENT IS IN CAMBRIDGE’S DNA Congenica’s stunning $50 million Series C last week and the backing of investors from the UK, China,.....*
EMBL-EBI EMBRACES HPC POWERHOUSE AT KAO DATA CAMPUS*
ARM THE MIGHTY OAK THAT GREW FROM ACORN*
CAMBRIDGE HEALTHCARE RESEARCH GOING FOR GROWTH*
MOGRIFY A RIGHT ROYAL SUCCESS IN THE REALM OF CELL THERAPY INNOVATIONTHE FUNDERS
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O2H VENTURES LEADS HMRC-BACKED BIO FUNDING REVOLUTION Cambridge based o2h ventures has launched its HMRC-approved knowledge intensive EIS fund, focusing on.....*
MEDICXI INVESTS €200M IN SUPER SIX BIOTECHS*
VIVIDQ ONE OF THE TOP DEALS FOR CAMBRIDGE VC*
TALENTED TWOSOME PROMOTED BY AMADEUS CAPITAL PARTNERS*
CAMBRIDGE-BACKED VENTURE WINS €3.6M FOR COVID-19 PROJECTINVESTMENT TREE
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CAMBRIDGE INNOVATION CAPITAL CO-LEADS £7.1M SERIES A IN ML POWERHOUSE Cambridge Innovation Capital and AlbionVC have co-led a £7.1 million Series A investment in a cloud.....*
CMS VENTURES INVESTS IN CAMBRIDGE AI MEDTECH STARTUP*
MORNINGSIDE VENTURES LEADS $53.4M SERIES B IN IMMUNE REGULATION*
INTELLISENSE.IO STRIKES GOLD AGAIN WITH MAJOR NEW FUNDING ROUND*
MURSLA RAISING CASH TO ADVANCE CANCER INNOVATION TECHNOLOGYTRADE FLOOR
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ICE CREAM AND SORBET BUSINESS SEEKS DISTRIBUTORS A UK ice cream and sorbet manufacturer is looking fordistributors......
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EARLY BREAST CANCER SELF-DETECTION DEVICE*
ADVANCED DESIGN AND CERTIFICATION TECHNOLOGY PLATFORM FOR FUNCTIONAL APPAREL TECHNICAL TEXTILES*
COST-EFFECTIVE HIGH-EFFICIENCY 3D NANOPILLAR ARRAY SOLAR CELLS*
AUTOMOBILE ACTIVE SUSPENSION SYSTEM AND INTEGRATED CHARGER INVESTMENT OPPORTUNITIES*
R4DAR HITS ACCELERATOR AND SEEKS GROWTH FUNDING R4DAR Technologies Ltd, a Cambridge startup with a mission to improve the safety of all road users in.....*
CAMBRIDGE STARTUP RAISING CAPITAL TO TRANSFORM DRUG TARGET SELECTION*
SWELL IDEA TO COMBAT HEART FAILURE RISKS SEEKS ANGEL CASH*
FOCAL POINT POSITIONING SEEKS £7.5M IN NEW FUNDING ROUND*
US ON THE RADAR AS POLYSOLAR WOWS THE WORLD PARTNERSHIPS & JOINT VENTURES*
REPOSITIVE EXPANDS CRO NETWORK WITH PHARMATEST PARTNERSHIP Cambridge-based Repositive, which claims “the world’s largest directory of preclinical cancer models,”.....*
NEW OXBRIDGE ALLIANCE TO DEVELOP NEXT-GENERATION CAR-T CELL THERAPIES*
BANGO AND MICROSOFT UNITE TO BOOST NEW XBOX CLOUD GAMING SUBSCRIPTIONS*
SOSEI HEPTARES CASHES IN ON NEW CAMBRIDGE-CALIFORNIA BUSINESSENTERPRISE
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CAMBRIDGE-SYDNEY ALLIANCE ADVANCES PROMISING CANCER IMMUNOTHERAPYEXPORT TO
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PAVEGEN CREATES RECORD WITH ROMANIAN PROJECT Real estate giant Globalworth has commissioned Cambridge CleanTech business Pavegen to build two 20 sq.....*
MEDICAL FURNITURE BUSINESS TO REIGN IN SPAIN*
SWEDISH DEAL FOR SEPURA*
BEE FRIENDLY INSECTICIDE CREATES A BUZZ AROUND EUROPE*
NAP HAND FOR EAST OF ENGLAND REGION AT IBC AMSTERDAMASIA
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FABCON FOOD SYSTEMS SEALS INDIAN PARTNERSHIP Norwich food processing equipment manufacturer Fabcon Food Systems (FFS) has continued its global.....*
BANGO BLAZES TECH TRAIL ACROSS ASIA*
BANGO STRIKES DEAL WITH ODK MEDIA*
AS CORONAVIRUS HITS CAMBRIDGE COMPANIES WORSE MAY BE AHEAD FORUK-CHINA TRADE?
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CAMBRIDGE CHINA CENTRE FACILITATES MORE BUSINESS RELATIONSHIPSTHE AMERICAS
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IQGEO HELPS WASHINGTON TECH COMPANY GIVE BIRTH TO DIGITAL TWIN Software from IQGeo in Cambridge is helping Washington technology company Peninsula Light create a.....*
OUTLOOK ENCOURAGING FOR UK BUSINESSES SEEKING TO EXPAND IN THE US*
AQDOT SNIFFS SALES GLORY IN THE US*
EAST OF ENGLAND REGION COULD NET £345M FROM UK-US FREE TRADE DEAL*
LIFE IN THE FAST LINE WITH BANGO US TOLL ROAD DEAL* Academia News
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TIME TO SHINE AS UNIVERSITY UNVEILS NEW SUSTAINABILITY INSTITUTE CHIEF 23 November, 2020 - 13:58 The University of Cambridge Institute for Sustainability Leadership (CISL) has revealed that Clare... more*
CAMBRIDGE UNIVERSITY SPINOUTS CONTRIBUTE TO RECORD UK VALUATIONS 19 November, 2020 - 14:27 The University of Cambridge is second only to Queen’s University Belfast for yields on successful... more*
CONSORTIUM WINS £12.2M FOR GENOMIC SURVEILLANCE OF COVID-19 16 November, 2020 - 11:56 The Wellcome Sanger Institute in Cambridge is in the vanguard of an initiative to turn the screw on... more All Academia & Research*
TREATT BOOSTS FULL-YEAR PROFITS DESPITE PANDEMIC 25 November, 2020 - 16:32 East of England manufacturer Treatt plc has exceeded its own expectations with excellent full-year... more*
CONNELLS CLOSES IN ON COUNTRYWIDE ACQUISITION 16 November, 2020 - 20:48 Countrywide, the estate agency group that owns Lambert Smith Hampton, has received an £82 million... more*
IFF REVENUE FLAT AND PROFITS DOWN IN COVID-HIT Q3 13 November, 2020 - 22:17 International Flavors & Fragrances, the Wall Street quoted company with a major base in... more All Local ShareWatch*
MARSHALL ADG WINS DANISH AIR FORCE DEAL FOR C-130 COCKPIT ARMOUR 12 November, 2020 - 12:34 Marshall Aerospace and Defence Group in Cambridge has secured its first contract to certify... more*
MARSHALL SIGNS OPTION FOR NEW HOME AT CRANFIELD BUT DEFERS CAMBRIDGEEXIT DECISION
6 October, 2020 - 13:03 Marshall of Cambridge has signed a long-term option on land at Cranfield University’s massive site... more*
MARSHALL SELLS IT TO THE MARINES IN MEGABUCKS US DEAL 1 October, 2020 - 21:24 Marshall Aerospace and Defence Group, now operating under a new CEO following Alistair McPhee’s... moreAll Manufacturing
GENERAL NEWS
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VIRUS AND BACTERIA KILLER CODIKOAT JOINS RACE TO EPICENTRE25 Nov 2020
Start-up company CodiKoat, which has developed a groundbreaking technology... Read More*
STANSTED EYES ZERO-EMISSION AIRCRAFT IN THE NEXT DECADE25 Nov 2020
Next-generation, zero-emission planes could be operating out of Stansted... Read More*
LONELY PLANET HONOURS FOOTPRINT CAFES FOR TRANSFORMING BUSINESS TRAVEL18 Nov 2020
Cambridge-born Footprint Cafes has won a Lonely Planet award for blazing a... Read More*
CLUSTER DEALS HIT $66.85 BILLION IN 12 GIDDY MONTHS18 Nov 2020
Looking at major deals in the last 12 calendar months it’s hardto... Read More
THE 50 INSIDER
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AMERICAN DREAM COMING TRUE FOR IQGEO09 Oct 2020
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ARGENTINA CABLE DEAL FOR AMINO TECHNOLOGIES23 Sep 2020
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US FIRM CHOOSES IQGEO TO HELP POWER FIBRE NETWORK ROLLOUTS17 Sep 2020
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PHOREMOST SIGNS AI-BASED PHARMA DRUG DISCOVERY AGREEMENT14 Sep 2020
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ENDOMAG BREAST CANCER TECHNOLOGY CITED FOR GLOBAL AWARD27 Aug 2020
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INTERNATIONAL DEALS TAKE ROOT AT CAMBRIDGE AGRITECH SUMMIT 13 November, 2020 - 21:10 Global AgriTech pioneers struck key deals at Agri-TechE’s REAP 2020 conference in Cambridge this... more*
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