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U. Strathclyde spin-off MGB Biopharma gets £2mm in seed money; adds £800k

Executive Summary

Infectious disease-focused MGB Biopharma Ltd. has spun out of the University of Strathclyde and concurrently raised £2mm ($3.1mm) from angels including Archangel Informal Investments (lead), Tri Capital, Barwell PLC, and the Scottish Enterprise's Scottish Co-Investment Fund.
Deal Industry
  • Biotechnology
    • Drug Discovery Tools
      • Genomics-Proteomics
  • Pharmaceuticals
Deal Status
  • Final
Deal Type
  • Financing
    • Private Placement
    • Spin-Off

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