AssayMetrics Ltd
Business profile
Location: Cardiff
Sector: life sciences
Web site: www.assaymetrics.com
Investment
Amount: undisclosed, part of
a syndicate of business angels
Type: equity
Executive: Jocelyn Brown
Why we invested
AssayMetrics is an early stage
company with high-growth potential, founded in Wales.
The company was established in 2004 as a re-seller
of fluorescent technologies to biotech and pharmaceutical
companies. It established new revenue streams by developing and
supplying its own brand of fluorescent technology for drug
discovery.
AssayMetrics has a strong management team, with several years'
industry experience, having worked together for GE in Cardiff.
AssayMetrics required investment to develop a new plate reader,
to satisfy its key customer. It demonstrated advanced proof of
principle for its new technology, with a working prototype.
The outcome
AssayMetrics has attracted significant interest from a
number of high profile customers wishing to act as beta test sites
for the new plate reader. It has strong potential for commercial
returns.
The company now seeks to expand its product range, based on
feedback from existing customers.
Testimonials
"AssayMetrics Ltd is head and shoulders above many small
start-ups in that they are already attracting significant interest
from leading names in the pharmaceutical industry. We're excited to
work with such a talented management team, who possess such strong
and deep commercial experience." Jocelyn Brown, investment
executive, Finance Wales.
"The drug discovery market continues to grow despite the
recession and we are delighted to be able to place a technology in
the hands of customers that will make the process faster and more
efficient." Dr Pierre Graves, managing director, AssayMetrics.