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Angel Biotechnology has sold its medical collagen operations out of administration to a new Glasgow-based company called Collbio.
Angel Biotechnology has acquired a 6,500 sq ft collagen manufacturing plant in Glasgow for £0.2m, in order to expand its new Angel Biomedical subsidiary.
Angel Biotechnology has raised £1.9m in a share placing to fund the reopening of its manufacturing plant in Newcastle, with the creation of up to ten jobs.
Angel Biotechnology has raised £1.4m in a share placing to fund the expansion of capacity at its facility in Edinburgh.
Angel Biotechnology is planning to expand the workforce at its Northumberland-based medical research business from 35 to 42 this year, having secured a number of new contracts.
Angel Biotechnology has raised £1.8m of venture capital funding to set up a clinical manufacturing facility in Northumberland by the end of the year, with the creation of 12 jobs.
Angel Biotechnology is seeking a second site in Northumberland to expand its medical research business, with the creation of up to 50 new jobs.
Angel Biotechnology is setting up a new biopharmaceuticals business at the Nelson Industrial Estate in Cramlington at the end of October, and aims to create 85 jobs by mid-2003.