News / University of Bristol
Bristol University spin-out secures seed funding
A biotech firm that is working to tackle a condition that affects 6.8m people worldwide is preparing to launch its product on the market.
Ferryx is a University of Bristol spin-out that has secured £300,000 of seed funding to develop its innovative treatment for gut inflammation.
The startup founders say that while the condition – known in one form as inflammatory bowel disease – affects millions of people, there is a lack of satisfactory treatments, leaving sufferers reliant on medications with significant negative side effects.
The lead product developed by the Future Space-based company is a probiotic called FX856 with demonstrated anti-inflammatory properties that survives and thrives during active inflammation. Currently, there is no available probiotic that can function during periods of active inflammation.
https://twitter.com/ferryx_bristol/status/1410624046723735559
The company’s CEO Dr Jenny Bailey says the funding from Deepbridge has come at a “pivotal time” for Ferryx.
Bailey said: “We are delighted to be working with Deepbridge. Their expertise in the life sciences sector adds significant value to this investment and we feel that they are our ideal partners at this pivotal time as we look to launch our first product and work towards clinical trials.”
Ben Carter, investment director and head of life sciences at Deepbridge Capital, added: “Jenny and the team at Ferryx absolutely represent the inspiring innovators that we look for in early-stage life sciences companies. We are delighted to be supporting another great university spin-out in the burgeoning UK life sciences sector.”
Ferryx has secured £300,000 of seed funding to develop its innovative treatment for gut inflammation – photo: Ferryx/ Green Target PR
Ferryx is preparing for the launch of FX856 as a food supplement product, whilst simultaneously preparing to take the product through a clinical trial in patients with inflammatory bowel disease.
Main photo: Ferryx/ Green Target PR
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