Metrion Biosciences raises investment
Metrion Biosciences Closes Funding Round
• Includes investment from o2h Ventures Therapeutics Fund
• Funding to support
Cambridge, UK, 01 April 2019: Metrion Biosciences Ltd (“Metrion”), the specialist ion channel contract research and drug discovery company, announced today that it has completed a fully subscribed funding round on 14 March. Metrion will use the funds to support the broadening of its ion channel screening capabilities, and continued research into novel Kv1.3 inhibitors for the treatment of auto-immune conditions.
The new equity investment round was led by the recently launched o2h Ventures Therapeutics Fund, acting via Reyker Securities plc, and supported by existing shareholders. The o2h Ventures fund invests in
Keith McCullagh,
Sunil Shah, Managing Partner, o2h Ventures, commented: “We recognise the ion
channel biology space as a potentially very valuable source of new drug targets,
which is generating a great interest with pharma companies. The Metrion team has
deep expertise, and the Company is emerging as a global leader in ion channel drug
discovery.”
Contacts
For Metrion
Katie Odgaard
Zyme Communications
E-mail: [email protected]
Tel: +44 (0)7787 502 947
Keith McCullagh PhD
Chairman, Metrion Biosciences
E-mail: [email protected]
For o2h Ventures
Ajit Singh Guller
Marketing and PR, o2h Ventures Ltd
E-mail: [email protected]
About Metrion Biosciences.
Metrion Biosciences is a specialist ion channel contract research organisation and drug discovery business. The Company provides customers with access to a range of high quality ion channel assays on a fee-for-service or collaboration basis. Metrion Biosciences’ specialist ion channel expertise includes an
For more information, see: www.metrionbiosciences.com
About o2h Ventures
o2h Ventures Limited has launched the o2h Therapeutics and AI fund, which is the first S/EIS fund in the UK solely focused on
The biotech sector is one of the leading sectors in the UK economy. The large pharma companies now rely on the small innovative biotechs’ for new ideas in disease areas such as cancer, genomics, anti-ageing and neurosciences amongst others which has led to higher potential exit valuations. The fund will widen the community of investors that will help expand
The o2h team are leaders in the biotech community and have been actively involved as investors, holding various board/industry positions as well as being engaged in grassroots scientific activity for over 20 years. o2h operate from their proprietary 2.7
More information is available here: www.o2h.com/ventures