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Q Chip signs agreement with leading pharma company

Biotech company Q Chip, originally founded at Cardiff Medicentre, has signed an agreement with a leading international speciality pharmaceutical company to undertake the development of a sustained release depot of an undisclosed therapeutic peptide.

The agreement stipulates that all costs of preclinical and clinical development will be borne by Q Chip's partner. Q Chip will also receive substantial success based payments in future, and will provide the manufactured product after regulatory approval.

Q Chip Announces Agreement with Leading International Speciality Pharma.


Dr Mark Bowman, Director of Innovation at Cardiff Medicentre said "This agreement marks a very significant step forward in the development of Q Chip."

He added "I am certain that this highly successful graduate of Cardiff Medicentre will be reporting further success stories in the coming months."

For all Cardiff Medicentre media enquiries, please contact:

Carina Phillips
T: 07815 058283

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 Wed, 30th Nov 2011

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