Corporate Banner
Satellite Banner
Pharma Outsourcing
Scientific Community
 
Become a Member | Sign in
Home>News>This Article
  News
Return

North West Digital Clinical Trial Recruitment Company Secures Six Figure Investment

Published: Monday, July 22, 2013
Last Updated: Monday, July 22, 2013
Bookmark and Share
UK Company has secured an investment of more than £250,000.

A UK Company which offers an innovative solution to recruit and retain global participants for medicine clinical trials has secured an investment of more than £250,000 from a group of investors.

Tomorrows Medicines Limited, based at Daresbury Sci-Tech, Cheshire has secured £100,500 from The North West Fund for Biomedical, managed by SPARK Impact, another £100,500 from private investors and £50,000 from the Technology Strategy Board.

Tomorrows Medicines has developed an interactive web platform called YourTreatmentChoices.com where patients can find and join local clinical trials.

It also services global pharmaceutical, biotech, diagnostic, academic and other research organization study teams in recruiting and retaining trial participants.

Delays in patient recruitment can lead to a delay in bringing new medicines to market. In the UK, issues with patient recruitment mean that 40 per cent of trials do not complete at all.

The funding will be used by Tomorrow Medicines to commercialize the YourTreatmentChoices.com platform and service. So far, the website has helped patients in 78 countries to find approved clinical trials in their local area.

Dr Clare Nolan, CEO of Tomorrows Medicines Limited said: “We are delighted to receive the funding from the three parties and to receive recognition that the company provides an important service offering. It will enable us to provide a fully-supported service to global pharmaceutical, biotech and diagnostic companies looking to accelerate patient recruitment across all clinical areas. The clinical trial recruitment process is critical for the discovery of much-needed medical treatments and we can now make this process simpler, faster and more accessible.”

Dr Penny Attridge, senior investment director at SPARK Impact and manager of The North West Fund for Biomedical, said: “From day one we could see the potential in Tomorrows Medicines’ novel, interactive platform for patient recruitment and retention services. Clinical research offers exciting drug discovery opportunities and we hope the investments will make a real difference to continue to grow the company.”

Melanie Yeomans, corporate finance partner at the Manchester office of law firm Ward Hadaway, who advised SPARK on the investment, said: "We were delighted to advise SPARK on its investment in Tomorrows Medicines.

"The company's processes for the matching of patients to relevant medical trials have clearly exciting and far-reaching potential in both the development of new drugs and the successful treatment of patients for whom existing drug therapies have proved unsuccessful."

Tomorrow Medicines Limited is The North West Fund for Biomedical’s 60th investment to date and the 40th company to be supported by the Fund.

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


Further Information
Access to this exclusive content is for Technology Networks Premium members only.

Join Technology Networks Premium for free access to:

  • Exclusive articles
  • Presentations from international conferences
  • Over 2,500+ scientific posters on ePosters
  • More than 3,800+ scientific videos on LabTube
  • 35 community eNewsletters


Sign In



Forgotten your details? Click Here
If you are not a member you can join here

*Please note: By logging into TechnologyNetworks.com you agree to accept the use of cookies. To find out more about the cookies we use and how to delete them, see our privacy policy.


Scientific News
NIH Study Finds Calorie Restriction Lowers Some Risk Factors for Age-Related Diseases
Two-year trial did not produce expected metabolic changes, but influenced other life span markers.
Immunotherapy Agent Benefits Patients with Drug-Resistant Multiple Myeloma in First Human Trial
Daratumumab proved generally safe in patients, even at the highest doses.
NIH Study Shows No Benefit of Omega-3 Supplements for Cognitive Decline
Research was published in the Journal of the American Medical Association.
NIH Launches Human RSV Study
Study aims to understand infection in healthy adults to aid development of RSV medicines, vaccines.
Computerized Flexible Needles Prove Themselves in Biological Tissue
The advantage of the system is that you can avoid obstacles with the needles or critical tissues and that the system during the insertion of the needle in real time can adjust the path if, for example, the tissue deforms.
DARWIN 2 24-week Monotherapy Data in RA Confirm Previous Results
Safety profile in DARWIN 2 consistent with previous filgotinib RA studies.
Researchers Publish Landmark “Basket Study”
Researchers from Memorial Sloan Kettering Cancer Center (MSK) have announced results from the first published basket study, a new form of clinical trial design that explores responses to drugs based on the specific mutations in patients’ tumors rather than where their cancer originated.
Agricultural Intervention Improves HIV Outcomes
A multifaceted farming intervention can reduce food insecurity while improving HIV outcomes in patients in Kenya, according to a randomized, controlled trial led by researchers at UC San Francisco.
Overdose of Vitamin D in Teenagers May Lead to Increased Cholesterol Levels
Dosing obese teens with vitamin D shows no benefits for their heart health or diabetes risk, and could have the unintended consequences of increasing cholesterol and fat-storing triglycerides. These are the latest findings in a series of Mayo Clinic studies in childhood obesity.
Phase 2 Trials Underway for New Single Dose Malaria Treatment
The new drug, which prevents the malaria parasite from reproducing and spreading, is now undergoing Phase II clinical trials in humans.
Scroll Up
Scroll Down
SELECTBIO

Skyscraper Banner
Go to LabTube
Go to eposters
 
Access to the latest scientific news
Exclusive articles
Upload and share your posters on ePosters
Latest presentations and webinars
View a library of 1,800+ scientific and medical posters
2,500+ scientific and medical posters
A library of 2,500+ scientific videos on LabTube
3,800+ scientific videos
Close
Premium CrownJOIN TECHNOLOGY NETWORKS PREMIUM FREE!