New Spin-Out IMS Solutions Launches with £2.1M Research Grant
What happened
Intelligent Mass Spec Solutions Ltd (IMS Solutions) has launched as a spin-out from the research of the University of Birmingham and Imperial College London. The company focuses on developing platforms to diagnose conditions involving disordered steroid hormone metabolism. IMS Solutions secured a £2.1 million research grant from the National Institute for Health and Care Research (NIHR) and also launched with a £1.1 million Seed round led by various investors, including SFC Capital and the British Business Bank.
From news-medical.net
Why it matters
The NIHR funding will enable IMS Solutions to refine a urine test for the early diagnosis of Adrenocortical Carcinoma (ACC) in the UK by 2029. The company is also working to develop a stratification test for Polyendocrine Metabolic Ovarian Syndrome (PMOS). This represents the commercialization of academic research into a deep-tech medical diagnostic product.
From news-medical.net
Who's involved
- British Business BankInvestor and partner in the seed funding round of IMS Solutions.
- Imperial College LondonCo-founder of IMS Solutions and the basis for the company's core research.
- National Institute for Health and Care ResearchProvided a £2.1 million research grant to the company's founding research team.
- University of BirminghamCo-founder of IMS Solutions and the basis for the company's core research.
- SFC CapitalLead investor in the seed funding round of IMS Solutions.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- British Business BankSpeculative
The company could secure future contracts for its diagnostic tests within the healthcare sector.
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The entities involved
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British Business Bank
UK state-owned economic development bank
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Imperial College London
public research university located in London, United Kingdom
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National Institute for Health and Care Research
research organisation in health and care in the United Kingdom
Nothing else this week.