How to manage cyber risk when insurance is hard to get

Life science businesses are facing an increasingly challenging landscape in securing cyber insurance. Cyber-attacks are spiraling in scale, frequency and ingenuity. For example, the volume of ransomware attacks increased by 150% in 2020, while the amount paid by victims of these attacks increased more than 300% in the same period.

Owen Mumford announces verified science-based targets and plans for net zero

Owen Mumford, a global leader in the design, manufacture and advancement of medical devices, has announced its emissions reduction targets through the Science Based Targets initiative (SBTi). The company has set a target to achieve net zero by 2045 (to mirror the UK NHS target) in alignment with the recommendations of the 2015 Paris Agreement.

PENNINGTONS MANCHES COOPERS CORPORATE TEAM ADVISES ON MAJOR CROSS-BORDER LIFE SCIENCES...

The Penningtons Manches Cooper corporate team has advised the shareholders of ATDBio on its sale to NASDAQ Stockholm listed Biotage AB. The purchase price was approximately £45m on a debt free and cash free basis. ATDBio was founded in 2005 by Professor Tom Brown (Snr), one of the world’s leading nucleic acids chemists, Dr Dorcas […]

EquiTrace secures funding €1.25m from HBAN and Enterprise Ireland to develop...

EquiTrace, a unique app for horses that combines identity, GPS and medical records data using a scanner, a microchip and a mobile phone, has signed an investment agreement with a syndicate of HBAN angel investors led by Brendan Nevin, CEO of Code Institute for 1million euros. Enterprise Ireland will also be investing in the company, providing 250,000 euros. EquiTrace will use the investment to grow the company, building a sales and development team as well as investing in marketing, and focus on global expansion.

Further government funding supports phase II R&D lab conversion at The...

The Oxford Trust, the local charity encouraging the pursuit of science and enterprise, is to commence the second phase of its conversion of dedicated high spec laboratory facilities at its Wood Centre for Innovation in Headington, Oxford, following £0.2 million additional Local Growth Fund support, secured by the Oxfordshire Local Enterprise Partnership (OxLEP).

£0.5 million Headington life science laboratory development at The Oxford Trust’s...

The Oxford Trust, the local charity encouraging the pursuit of science and enterprise, is to undertake a half million-pound project to install life science laboratory facilities at its Wood Centre for Innovation in Headington, Oxford, to increase capacity for the local innovation ecosystem and has received £0.1 million in funding towards the project via the Government’s Local Growth Fund, secured by the Oxfordshire Local Enterprise Partnership (OxLEP).