Nanoco Awarded Grant from Innovate UK for Major Life Sciences Project
July 05 2017 - 7:00AM
Nanoco Group plc (LSE:NANO), the leading developer and manufacturer
of cadmium-free quantum dots and other nanomaterials, announced
today it has been awarded a major grant from Innovate UK, the UK’s
innovation agency, to support its ongoing research into the use of
quantum dot nanoparticles within cancer imaging.
The research project which has received the grant - entitled
“VIVODOTS™ nano-devices for detection, resection and management of
pancreatic cancers” - is a continued collaboration between Nanoco
and University College London (“UCL”), the Group’s partner in the
life sciences sector, and builds on the significant progress that
Nanoco’s Life Sciences team has made on in-vivo mapping of sentinel
lymph nodes and breast cancer imaging.
In support of the project, Nanoco will receive grant funding
from Innovate UK of up to £484,689, representing 60% of the costs
the Group expects to incur, paid quarterly in arrears over a
three-year period.
The proposed VIVODOTS™ nano-device will enable more effective
pre, intra and post-operative management of pancreatic cancers,
resulting in better surgical treatment, higher cure rates, and
better quality of life for survivors. Later development should lead
to the extrapolation of the same concept to other types of deadly
malignancies.
“As a business, we are proud to be working with a number of
commercial and research institutions at the cutting edge of the
battle against cancer, and this grant is testament to the scope of
our ambition in the life sciences sector and the value of our
technology in the clinical arena,” said Dr. Michael Edelman, CEO of
Nanoco Group. “In this exciting project, we will be working with
UCL to develop a groundbreaking cancer imaging therapeutic
nano-device that will enable better detection and treatment of
lethal types of tumors, particularly pancreatic tumors. The design
will be based on the use of biocompatible and fluorescent quantum
dot nanoparticles equipped with specific cancer targeting
molecules; a major innovation that has already proved successful in
our initial trials.”
ABOUT INNOVATE UKInnovate UK is the UK’s
innovation agency. It works with people, companies and partner
organizations to find and drive the science and technology
innovations that will grow the UK economy.
For further information visit www.innovateuk.gov.uk.
ABOUT NANOCO Nanoco (LSE:NANO) harnesses the
power of nano-technology to create a brighter, more sustainable
future. Based on breakthrough science, Nanoco’s proprietary
manufacturing process enables the large-scale production of its
cadmium-free CFQD® quantum dots for multiple applications:
- LCD display, where Nanoco’s CFQD® quantum dots give consumers
peace of mind to enjoy next-generation color performance and energy
efficiency without allowing toxic chemicals into their homes.
- Lighting, where Nanoco’s CFQD® quantum dots are used in
horticulture to safely speed plant growth.
- Healthcare, where Nanoco’s CFQD® quantum dots are opening new,
potentially life saving uses in bio-imaging.
- Solar, where Nanoco’s CFQD® quantum dots are incorporated into
printable solar inks for future thin, highly efficient and low cost
solar cells.
Nanoco has non-exclusive manufacturing and marketing licensing
agreements in display with The Dow Chemical Company, Merck KGaA of
Germany, and Wah Hong Industrial Corporation of Taiwan. Through
these partners and its own production facilities in Runcorn, UK,
Nanoco is creating the world’s largest manufacturing ecosystem for
cadmium-free quantum dots.
Nanoco was founded in 2001 and is headquartered in Manchester,
UK, with a US subsidiary, Nanoco Inc., in Concord, MA. Nanoco
continues to build out a world-class, patent-protected IP portfolio
generated both by its own innovation engine, as well as through
acquisition. For further information
visit: www.nanocogroup.com.
Media Contact:
Colleen Irish
Tier One Partners
cirish@tieronepr.com
(617) 842-1511
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