Mercia-backed Hybrid merges with Myotec
Hybrid Biosystems, a portfolio company of West Midlands technology specialist the Mercia Fund, has merged with Myotec Therapeutics to form PsiOxus Therapeutics.
The merger has been supported by a cash injection of £3.6m from the Mercia Fund, Imperial Innovations and Invesco Perpetual.
These new funds will be used to develop a pipeline of therapeutic treatments for cancer and wasting diseases.
The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.
If you have any information regarding this transaction, please contact Susannah Birkwood on +44 20 7004 7524 or susannah.birkwood@incisivemedia.com
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