17th September 2021
Drug Delivery Tech Firm Opens Cardiff HQ
A drug delivery technology company focused on improving the bio-delivery and biodistribution of medicines has officially opened its new headquarters in Cardiff.
Midatech Pharma’s 8,050 sq ft base at 1 Caspian Point, part of the Parmer Cardiff campus on the city’s waterfront, comprises purpose built laboratory facilities.
The move bolsters the company’s future plans, such as the development of programmes utilising its Q-Sphera 3D printing technology to encapsulate medicines in bio-degradable polymers for improved delivery and targeting.
Stephen Stamp, chief executive of Midatech, said: “Our technology is unique and patented and we have identified a strategy to work on multiple Q-Sphera programmes simultaneously and partner them at an early stage.
“To execute on that plan Midatech needed expanded, purpose-designed labs, as our previous facilities were far from ideal with labs split over two floors and difficulties moving materials and equipment in and out.
“The new premises at Caspian Point have achieved this without a material increase in our costs and are modern, 50 per cent larger, and much more usable, with a layout tailored to suit our needs exactly, with capacity for further expansion.”
Vaughan Gething, Welsh Government minister for the economy, officially opened the new facility, added: “Our ambition is for Wales to be a global leader in life sciences, whilst stimulating economic growth and creating new high-skilled jobs.
“We are already able to provide the right environment for companies to innovate and grow and, working alongside the NHS, together we can tackle the greatest healthcare challenges of our generation and address health inequalities. I’m very pleased to see how this business has grown and will play an important part in Wales’ expanding Life Sciences sector.”