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19 June 2013

£100,000 investment for microbiology company

Press Release 19th June

A COMPANY which offers bespoke microbiological testing has secured £100,000 investment.

Perfectus Biomed, based at Sci-Tech Daresbury, received £50,000 from The North West Fund for Biomedical, managed by SPARK Impact, and another £50,000 from venture capital company Midven.

Perfectus Biomed specialises in the microbiological testing of biofilm encased bacteria. Persistent biofilm infections have been linked to chronic non-healing wounds, failed medical implants and catheter infections.

Perfectus Biomed carries out microbiological testing to help their clients develop antimicrobial and anti-biofilm agents and devices suitable for use in areas including wound care, medical implants, dentistry and contact lenses.

The North West Fund for Biomedical is part of the wider £155m North West Fund, financed jointly by the European Regional Development Fund and the European Investment Bank.

The funding will be used by Perfectus Biomed to expand the company's research team to meet the growing demand for testing. It also plans to implement a marketing strategy across the UK and in Europe, and to invest in capital assets in order to improve service and develop management systems within the company.

Dr Samantha Westgate, business and scientific director of Perfectus Biomed, said: "We are delighted to receive this investment. It will support the growth and development of Perfectus Biomed, enabling us to increase employee numbers and drive our exciting expansion into new sectors."

Dr Penny Attridge, senior investment director at SPARK Impact and manager of The North West Fund for Biomedical, said: "Perfectus Biomed has developed a novel research based approach to microbiological testing and we're pleased to support the firm in its growth plans.

"Its work supports key medical sectors and we believe it to be a huge asset to SPARK's biomedical portfolio."

Dr Andrew Muir, director of Midven and investment director of the Rainbow Seed Fund, said: "There are very few companies that provide the services of which Perfectus can be justifiably proud, so there is considerable potential for growth.

"The importance of biofilm testing is being increasingly recognised across the consumer and medical device sectors and Perfectus is uniquely poised to take advantage of this. They are precisely the sort of organisation which can benefit from venture capital funding as they look to grow their laboratory as well as the sales resource, both of which are key in helping move the company on to the next stage."

Perfectus Biomed is The North West Fund for Biomedical's 57th investment to date and the 38th company to be supported by the Fund.


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