News > Financial

09th December 2019

Creo updates on fundraising success

Creo Medical Group has conditionally raised £50m and is proposing to raise a further £6.6m in line with the plan it outlined earlier this week. When unveiling its fundraising plan, the Chepstow-headquartered medical device specialist said the finance would help it capitalise on opportunities presented by the emerging field of surgical endoscopy and provide a…

18th November 2019

Welsh University Awarded £1.4m to Develop Cancer-Killing Smart Viruses

Scientists at Cardiff University have been awarded nearly £1.4m in funding by Cancer Research UK to support the development of cancer-killing viruses. “Oncolytic” viruses are widely seen as the next breakthrough in cancer treatment. They destroy cancer cells but leave healthy cells unaffected. Dr Alan Parker, from the university’s School of Medicine, said the funding…

13th November 2019

New Global Pharma Centre of Excellence Opens in South Wales

Welsh Government has invested £0.5m in a new £9.5m facility for Irish-owned, global pharma industry supplier Sharp, which was officially opened in Rhymney. Sharp – part of UDG Healthcare plc, a Dublin-based global leader in contract packaging and clinical supply services, cut the ribbon on the state-of the-art Clinical Services Centre of Excellence, enabling the…

13th November 2019

Welsh Digital Health Company Secures Global Deals

Cardiff-based Bond Digital Health is predicting significant growth in 2020 on the back of inroads made into the global diagnostics market. The digital health company, based at the Life Sciences Hub Wales, has doubled its 2020 revenue predictions from £1.5m to more than £3m as a result of recent trips to California in which it…

13th November 2019

Management buyout at medical imaging company

The management at a Swansea company which provides toolkits for medical imaging software has completed a buyout. Medical Connections has been bought by Philippa Webb, director of operations; Qian Wang, technical director; and Rapten Bhutia, development director, in a deal backed by the Development Bank of Wales. Webb said: “As a team, we are very…

13th November 2019

Minister calls on UK government to confirm plans for EU research funding following new £7.5 million science investment

The Education Minister has today called on the UK government to confirm that 2016 Referendum promises on replacing EU funding are honoured and control over investment will remain in Wales following any departure from the EU. Speaking at an event in Cardiff to mark 7 years of Sêr Cymru, Kirsty Williams also announced a £7.5…

13th November 2019

Cardiff to open new centre for AI and robotics

A centre for cutting-edge technologies, from robots and automated vehicles to virtual reality, artificial intelligence and cyber-physical systems, is to be opened at Cardiff University as a result of a major investment of European funding. The brand-new centre for Artificial Intelligence, Robotics and Human-Machine Systems (IROHMS) will position Cardiff and South Wales as a hub…

05th November 2019

Social care providers to receive £1 million Foundational Economy funding boost

An apprenticeship scheme in the social care sector in Monmouthshire and the development of a specialised autism centre in Nantgarw are among 12 social care projects set to share more than £1 million from the Welsh Government to test new ways of improving and transforming the everyday parts of Wales’ economy. Deputy Minister for Health…

05th November 2019

£30 million to support health and social care services this winter

Health Minister Vaughan Gething has announced additional funding of £30 million to support the delivery of frontline health and social care services this winter. The money will help people access care closer to home and enable people to leave hospital when they’re ready, with appropriate ongoing care or support in place. Of the £30 million,…

05th November 2019

£50 million and new body to transform digital health and care services in Wales

Health and Social Services Minister, Vaughan Gething, has announced plans to transform digital health and care in Wales. The plans include creating the role of Chief Digital Officer for Health and Care and a new NHS Wales organisation to deliver national digital services, supported by £50 million new funding. The Chief Digital Officer for Health…