BioSpace Collaborative

Academic/Biomedical Research
News & Jobs
Biotechnology and Pharmaceutical Channel Medical Device and Diagnostics Channel Clinical Research Channel BioSpace Collaborative    Job Seekers:  Register | Login          Employers:  Register | Login  

NEWSLETTERS
Free Newsletters
Archive
My Subscriptions

NEWS
News by Subject
News by Disease
News by Date
PLoS
Search News
Post Your News
JoVE

CAREER NETWORK
Job Seeker Login
Most Recent Jobs
Search Jobs
Post Resume
Career Fairs
Career Resources
For Employers

HOTBEDS
Regional News
US & Canada
  Biotech Bay
  Biotech Beach
  Genetown
  Pharm Country
  BioCapital
  BioMidwest
  Bio NC
  BioForest
  Southern Pharm
  BioCanada East
  US Device
Europe
Asia

DIVERSITY

PROFILES
Company Profiles

INTELLIGENCE
Research Store

INDUSTRY EVENTS
Research Events
Post an Event
RESOURCES
Real Estate
Business Opportunities

 News | News By Subject | News by Disease News By Date | Search News
Get Our Industry eNewsletter FREE email:    
   

Funding Boost for Bio-Imaging Research Clears the Way for Business Development in South East Asia


1/27/2011 10:23:28 AM

January, 2011 -- Glasgow-based business Bio-Images Research has secured £350,000 of funding from Clydesdale Bank to assist its planned expansion in Europe and south-east Asia.

The business, based at the city’s Royal Infirmary, enables medical scientists to use imaging techniques in tracing the effectiveness of drugs within the human body. Early phase clinical studies are carried out on volunteers and patient groups.

Founded in 2000 by Professors Howard Stevens and Clive Wilson, both of whom were senior academics in the University of Strathclyde’s Pharmacy Department, Bio Images Research has an established customer base within the global pharmaceutical industry in North America, Europe and Japan. It is acknowledged within its sector as a leading player in the field of gamma scintigraphy imaging, which it describes as ‘allowing non-invasive visualisation of drug formulations and body systems’.

Ian Stillie, Finance Director, said: “Since 2008, we have been looking for ways to widen our scope of operations and to use our expertise to access other industries such as the health, food and cosmetic sectors. We believe this is best done on a global basis and we are addressing opportunities internationally, particularly in the emerging markets of India, China and other parts of south-east Asia where we are about to establish a wholly-owned commercial presence in Singapore.

“In addition, we will be harnessing the new investment funds to underwrite our expansion programme which includes the winning of a major research contract worth £1.5 million and the further development of our drug formulation business, Drugs Delivery International Limited, which will allow us, in turn, to secure a further contract with a large Asian pharmaceutical company.”

Scott Wilson, Business Development Partner at Clydesdale Bank said: “Bio Images Research is a successful business which we are pleased to assist in its aim of expanding internationally. Clydesdale Bank is very much open for business and keen to support quality companies with the potential to secure profitable growth, including those which are looking to expand into key emerging markets such as India and China.”

For further information please contact Ian Stillie on 07768 031129 or visit www.bio-images.co.uk.

Issued by Michael Crawford at Blueprint Media, 0141 353 1515. Date: 27 January 2011

Michael Crawford Account Manager Telephone: 0141 353 1515 Blueprint Media, 176 St. Vincent Street, Glasgow, G2 5SG Visit our website on www.blueprintmedia.co.uk Company Registration No. SC242677 VAT Registration No. 556367219



Read at BioSpace.com

   

ADD TO DEL.ICIO.US    ADD TO DIGG    ADD TO FURL    ADD TO STUMBLEUPON    ADD TO TECHNORATI FAVORITES
 

//-->