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Fundraisings and IPOs

Date: 2011-07-06

Type of information: Grant

Company: Ark Therapeutics (UK)

Investors:

Amount: €0.6 million

Funding type: grant

Planned used:

Ark's Baculo-lentiviral system makes large scale lentivirus production much more efficient and cost-effective. The support from TEKES and ELY-centre will enable this technology to be established as a production platform within Ark's GMP manufacturing facility in Kuopio (Finland).

Others:

Ark Therapeutics has been awarded a grant of up to €0.4 million from Finnish Funding Agency for Technology and Innovation (TEKES) to support the further development of Ark's proprietary lentiviral vector production technology using baculoviruses ("Baculo-lentiviral") to achieve the scale and GMP quality required for clinical use.
Ark Therapeutics has also been awarded a €0.2 million grant from Finnish governmental organization Centre for Economic Development, Transport and the Environment (ELY-centre) to progress validation work in its GMP3 manufacturing facility in Kuopio (Finland).

Therapeutic area: Technology - Services

Is general: Yes