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Progenitor Labs Named A Finalist For The 2014 Red Herring Top 100 Europe Award


3/25/2014 9:56:33 AM

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LONDON – 25 March 2014 – Progenitor Labs, the biotech company developing small molecule drugs to regenerate organs of the body, announced today it has been selected as a Red Herring Top 100 Europe Finalist, a prestigious list honoring the year’s most promising private technology ventures from the European business region.

The Red Herring editorial team selected the most innovative companies from a pool of hundreds in the telecommunications, security, Web 2.0, software, hardware, biotech, mobile and other industries from across Europe. The nominees were evaluated on 20 main quantitative and qualitative criteria, including: disruptive impact, market footprint, proof of concept, financial performance, technology innovation, social value, quality of management, execution of strategy, and integration into their respective industries.

This unique assessment of potential is complemented by an expert review of the track record and industry standing of a company, which allows Red Herring to see past the “buzz” and make the list a valuable instrument for discovering and advocating todays greatest technology business opportunities.

"The Red Herring awards have an enviable track record of predicting successful technology ventures and I am therefore extremely pleased that Progenitor Labs is one of only eight biotech companies to have been named in this year’s list," said Dr Yen Choo, the Company’s founder and CEO.

"This year was rewarding, beyond all expectations,” said Alex Vieux, publisher and CEO of Red Herring. "The global economic situation has abated and there are many great companies producing really innovative and amazing products. We had a very difficult time narrowing the pool and selecting the finalists. Progenitor Labs shows great promise and therefore deserves to be among the Finalists. Now we’re faced with the difficult task of selecting the Top 100 winners of Red Herring Europe. We know that the 2014 crop will grow into some amazing companies that are sure to make an impact."

The Finalists are invited to present their winning strategies at the Red Herring Europe Forum in Amsterdam, April 7-9, 2014. The Top 100 winners will be announced at a special awards ceremony the evening of April 9 at the event.

For media enquiries, please contact Tristan Jervis or Alex Heeley on +44 (0) 207 203 6740 or e-mail: t.jervis@defacto.com.

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