Is venture capital a necessity for start-ups?
This article was originally published in Clinica
For most new medtech companies, venture capital appears to be the most obvious way of garnering the necessary start-up funds to build a solid business. However, according to Dr Ian Cumming, CEO of Welsh start-up Ovasort, a company focused on developing high-volume cell separation technology, this is not always the best way to lever a start-up into financial growth. Ovasort itself is an example of a firm that has prospered without the crutch of venture capital. The company, located at Cardiff University's MediCentre for burgeoning medical and healthcare companies, is "a company without a product" according to Dr Cumming. Ovasort owns a patent for assisting with the process of discovering proteins on the surfaces of cells. The company is currently using this patent to develop a low-cost sperm separation kit for distinguishing between X- and Y-chromosome bearing cells for the artificial cattle insemination market and is also looking to diversify into the cancer research and diagnostics sector.
You may also be interested in...
Nina Daily, chief marketing officer at the Professional Beauty Association since July 2018, will succeed Steve Sleeper as executive director at the end of June when Sleeper retires. More cosmetics industry appointments.
Third round of orders would give the US all the vaccine it needs from the existing mRNA products, taking pressure off AstraZeneca as it experiences manufacturing challenges and the EU considers export restrictions to ensure it gets enough vaccine.
Listerine mouthwash drove J&J’s oral care sales up 11.4% in the fourth quarter. Tylenol for adults was the star of its OTC drug business but weakness of children’s Tylenol products and other OTCs led to flat sales.