Alderley Park based biotechnology company, Redx Pharma, plans to raise £30 million with a share placing. The business is proposing a placing to institutional investors of new ordinary shares at a price of 59 pence per placing share. The placing shares are being offered through an accelerated … [Read more...]
News for: Science and Tech
Carbon-to-value pioneer completes multi-million pound funding round
Alderley Park based Econic Technologies has announced it has closed a multi-million pound funding round to accelerate the commercialisation of its pioneering carbon-to-value technology that converts waste CO2 into a raw material which can replace fossil fuel derived resources. Incoming investor, … [Read more...]
Major acquisition behind 60% revenue growth at AstraZeneca
Macclesfield based global pharmaceuticals group, AstraZeneca, has seen its total revenue increase 60% to $11.39 billion in its first quarter results for 2022. The strong performance for the group has been boosted by the completion of its acquisition of US-based Alexion Pharmaceuticals, first … [Read more...]
Macclesfield business acquired by fellow drug discovery firm
Macclesfield based Peak Proteins has announced it has been acquired by fellow drug discovery business, Sygnature Discovery, for an undisclosed sum. The acquisition is the fourth in the last four years for the Nottingham-headquartered Sygnature Discovery, which also has a presence in Cheshire's … [Read more...]
20 North-west firms recognised in 2022 Queen’s Awards for Enterprise
20 businesses in the North-west have won in the Queen’s Awards for Enterprise, including one in Alderley Edge, with 232 firms recognised nationwide. The prestigious award celebrates the achievements of UK businesses across four categories: International Trade, Innovation, Sustainable Development … [Read more...]
£30 million funding announced to decarbonise road network
The government has announced a second round of funding to back innovative projects with the potential to help decarbonise the UK's road network. The Department of Transport's (DfT) £30 million Live Labs 2 competition will support pioneering projects to make the construction, maintenance and … [Read more...]
£39.8 billion R&D budget is largest ever
The government has announced that the Department for Business Energy and Industrial Strategy (BEIS) will have have a research and development (R&D) budget of almost £40 billion for 2022-25. The £39.8 billion, to be allocated between partner organisations, is the largest commitment to BEIS … [Read more...]
Gold Award for Cheshire East healthcare app
Cheshire East Council's online healthcare and wellbeing system, available through the NHS app, has been recognised at the iESE Public Sector Transformation Awards 2022. The MyCareView healthcare app received a Gold Award for ‘Best Use of Digital and Technology’ at the awards for public sector … [Read more...]
LSH Auto appoints Chief Information Officer
LSH Auto, the dealership group behind Mercedes-Benz of Macclesfield, has announced the appointment of Chris Gensmantel as Chief Information Officer. Chris (pictured at LSH Auto's Stockport location) joins the business with more than 23 years’ experience in the UK retail motor industry. Most … [Read more...]
Gene therapy development and manufacturing business expands into Alderley Park
Global cell and gene therapy development and manufacturing business, Charles River, has revealed a move to the Alderley Park science and technology campus. Charles River will join an existing cluster of drug discovery and development businesses based at the UK’s largest single site life science … [Read more...]
Tidy Planet technology chosen to help power electric motorsport championship
Macclesfield based Tidy Planet, along with Dorset-based partners Eco Sustainable Solutions, have seen their technology used to convert food waste to energy at the Extreme E off-road electric vehicle racing championship latest meet in Dorset on 18-19th December. The Extreme E global championship … [Read more...]
AstraZeneca to power Macclesfield site with biogas
Pharmaceuticals giant, AstraZeneca, has announced a partnership with Future Biogas that will support a new 125GWh plant to produce sustainable fuel for the firm's UK sites, including Macclesfield. Future Biogas operates 10 plants in the UK (pictured) which use locally grown bio-crops for the … [Read more...]