A life science company which focuses on early cancer therapy and women's health has taken space in MediCity Nottingham.
ValiRx PLC has taken a lease on laboratory and offices at the Beeston medtech incubator as it embarks on the next stage of its growth strategy.
ValiRx has a background as a virtual biotech company, until now outsourcing testing to external partners.
The new labs will allow it to carry out its own in-house testing, with the aim of creating a more efficient and effective drug development service for itself and its clients.
MediCity, part of Pioneer Group, provides tenants with flexible lab space as well as access to a local and national biotech community and new talent from nearby universities.
Its new facilities include 910 sq ft of laboratory space which will accommodate up to eight lab-based staff.
Chief executive Dr Suzy Dilly said: “Nottingham offers the ideal base for the new lab, having established itself as a hub for life science companies and affording access to a strong pool of local scientific skills and talent.
“Work now begins on building a first-class scientific and operational team and implementing testing techniques that will help to improve biological understanding of ValiRx’s collaborative development pipeline and, in due course, third party services.
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“Setting up our own laboratory will enable us to carry out more science, more quickly, efficiently, and cost-effectively, and provides us with a strong framework to identify additional capabilities and technologies to acquire and incorporate into the business in the longer term.”
Dr Cathy Tralau-Stewart, who recently joined ValiRx as chief strategy officer said: “ValiRx is progressing an innovative portfolio of projects to address the important areas of oncology and the unmet need for treatments in the women's health space.”