New bioscience firm launches in UK
Redx Pharma has been launched in the UK backed by finance of ?1.9m from the public and private sector.
Redx Pharma has been launched in the UK backed by finance of ￡1.9m from the public and private sector.
The Liverpool-based firm says it will develop therapeutic remedies based on existing classes of drugs, structurally modifying them to create new proprietary medicines that will be more effective, easier to take and have fewer side effects.
Financial support has been provided by the NWDA’s Northwest Interim Venture Capital Fund, which is managed by YFM Private Equity, and includes backing from the European Regional Development Fund (ERDF).
A number of private investors have also taken a stake, including venture capitalist Jon Moulton, founder of Alchemy Partners. Redx Pharma says its Redox Switch technology allows rapid assessment of new drug candidates and could be applied to around 20% of existing medicines.
Research is focusing on medicines treating cardiovascular diseases, influenza and neuropathic pain, as well as antibiotics. The firm intends to lice
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