A Cardiff-based cryogenic storage business has secured fresh investment which will help it meet increasing demand from hospitals, medical research organisations and others. The final tranche of a £150,000 funding round will be used by Cryo Storage Solutions to complete development of a new cryogenic, low temperature sample storage facility. The £87,000 equity investment will…
A Welsh medical equipment manufacturer believes it has established a solid platform for growth after increasing its framework distribution agreements. In the 18 months to 31 December 2018, Chepstow-based Creo Medical recorded an underlying operating loss of £12.6m, compared with a loss of £5.6m for the 12 months to 30 June 2017, in line with…
A Swansea-based start-up has developed a first generation of products that will predict whether a person has or is likely to develop a serious lung condition. PulmonIR Ltd, the company behind the technology, is the first in the world to have developed a commercial instrument of this type specifically designed for respiratory applications. Its founders…
A Welsh start-up that develops virtual reality technology for healthcare has secured a major investment. A group of Wales-based angel investors and the Development Bank for Wales has closed an equity deal with Rescape Innovation worth £480,000 which will help the company invest in new technology, export and develop new products to support patient recovery…
Project which has seen the development of iPad software to detect sight problems in young children to be expanded. An EU-backed project which has helped businesses in parts of Wales develop cutting-edge technologies and boost productivity is expanding to cover the whole of the country. The Centre of Excellence in Mobile and Emerging Technologies (CEMET)…
Bevan Exemplars presented pioneering health and care projects at the Senedd Health and care professionals who trial and test out innovative ideas on the frontline of the NHS shared their work at a showcase event at the Senedd – National Assembly for Wales on 24 January, sponsored by Dawn Bowden AM. More than 40 Bevan…
The independent and innovative national body working to improve the quality of care in Wales has launched its first Impact Report. Health Technology Wales (HTW) has achieved substantial success in developing a strategic approach to the identification, appraisal and adoption of new technologies into health and care settings. Vaughan Gething, Cabinet Secretary for Health and…
Executive Summary Brexit, the “Implant Files” and the new EU regulations – however large they loom at present, they will in time be seen as mere tactical challenges for a global medtech industry working hard to ensure that it is ready for the massive health-care delivery and service-oriented changes to come. Preparing for the future…
Creo Medical Group, a medical device company focused on the emerging field of surgical endoscopy, has announced the successful first treatment of patients in the US using its Speedboat device powered by the company’s CROMA electrosurgery advanced energy platform. As part of the company’s strategy to establish a training-centric commercialisation programme in the US two…
Biocatalysts Ltd, one of the world’s leading enzyme manufacturers based at Nantgarw, Cardiff, is certainly a growing business after expanding its enzyme production plant. The £6.5 million investment supported by Barclays has built a 11,000 square foot extension to the existing site together with significant investment in new plant, to treble manufacturing capacity at the…
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