News > Financial

06th January 2020

Multimillion pound boost for Cystic Fibrosis centre announced

First Minister Mark Drakeford will today announce an extra £4.7m to redevelop and expand the All Wales Adult Cystic Fibrosis (CF) Centre at University Hospital Llandough. The centre is the only specialised adult CF centre in Wales and provides a friendly and caring environment for people with CF, ensuring they receive the best possible therapy…

06th January 2020

Health and social services spending to increase by £421m in Wales

Health Minister Vaughan Gething has welcomed an extra £421m for health and social services in Wales, including more investment in transformation and buildings. The extra investment announced in the 2020/21 Welsh Government draft budget takes health and social services spending in Wales to over £8bn a year. Despite pressure on our overall budget, I’m delighted…

06th January 2020

Creo raises gross proceeds of £51.9M

Creo Medical Group has raised total gross proceeds of £51.9m with a fundraising. The medical device company has raised the money with an open offer and a placing. Headquartered in Chepstow, Creo is to use finance to help it capitalise on opportunities presented by the emerging field of surgical endoscopy and provide a platform to…

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…