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MedaPhor appoints experienced US based Chairman

Cardiff Medicentre tenant MedaPhor has announced the appointment of Riccardo Pigliucci as its new chairman to help drive its US expansion.

Mr Pigliucci has over 30 years experience of running and guiding private and publicly listed high technology companies. He has a wide range of experience in sales, marketing, operations, financing, acquisitions and public offerings within the medical sector.

Pigliucci named as MedaPhor chairman.

Fusion portfolio company, MedaPhor, announces Riccardo Pigliucci as new chairman.


Commentary

Dr Mark Bowman, Director of Innovation at Cardiff Medicentre said "This appointment clearly demonstrates the pace of development and the level of ambition being shown by MedaPhor."

He added "The ability to attract management of this calibre is critical for biotech and medtech startups with international aspirations. I am deligthed for MedaPhor and look forward to seeing the business grow rapidly over the next few years.”

For all Cardiff Medicentre media enquiries, please contact:

Carina Phillips
T: 07815 058283
E:carinaphillips@ntlworld.com

Notes to editors

About Cardiff Medicentre

Cardiff Medicentre is a dedicated incubator for biotech and medtech startups. The facility is set in the grounds of the University of Wales Hospital and is a neighbour to Cardiff University’s School of Medicine.

Established in 1992, Cardiff Medicentre is a joint venture between Cardiff Council, Cardiff University, the Welsh Government and Cardiff & Vale University Health Board. It was the first incubator of its kind in the UK and now provides 32 units of high quality office and lab space accommodation ranging from 284 sq ft to 1,045 sq ft. Low-cost desk leasing facilities are also available to encourage entrepreneurs to enter the Cardiff Medicentre community while writing business plans and raising finance.

Tenants at Cardiff Medicentre benefit from specialist support in establishing and growing their businesses. Their aim, and the aim of the Cardiff Medicentre management team, is graduation – the process of tenant businesses outgrowing the incubation facilities and moving into their own follow-on space, or being acquired.

Examples of successful graduate companies

  • Q Chip Ltd (completed $6 million venture capital investment round in 2011)
  • Cardiff Bioanalytical Services Ltd (acquired by LGC Ltd in 2010)
  • Cardiff Research Consortium (acquired by Capita Group plc for £11.6 million in 2009)
  • BioDynamics Research Ltd (acquired by Quotient BioResearch Ltd in 2008)
  • TrichoTech Ltd (acquired by Concateno plc for £11.25 million in 2007)
  • OnExamination Ltd (acquired by BMJ Group in 2007)

Published on Thu, 22nd Nov 2012

 
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