Newcastle medtech secures six-figure funding to further genetics research
A Newcastle-based medtech firm has secured almost £250k in funding to further its research into the impact of genetics on implants.
ExplantLab, which is based in The Biosphere on Newcastle Helix, has secured funding from Innovate UK in order to continue its research into the effect of metal implants on the body.
The new funding will enable ExplantLab to develop its machine learning algorithm which considers patients’ genetics aiming to predict the possibility of adverse reactions to metal implants.
David Langton, director of ExplantLab, explained: “The Innovate UK funding is part of a £350k project that will take our work to the next level.
“It will allow us to greatly expand our current data set and move our work from the research stage to being clinical ready.
“Ultimately this will allow us to determine which implants will function best on an individual basis and protect patients.”
Cllr Ged Bell, cabinet member for employment and culture at Newcastle City Council, added: “The Biosphere is designed to give life sciences companies the opportunity to commercialise and ExplantLab is a great example of this.
“ExplantLab has benefited from being based at The Biosphere with like-minded businesses and the Innovate UK funding will help advance the team’s innovative work.
“It’s great news for ExplantLab, The Biosphere and the region and we look forward to seeing the company grow in the future.”
Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →
Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.
Enjoy the read? Get Bdaily delivered.
Sign up to receive our daily bulletin, sent to your inbox, for free.
Purposeful procurement for long-term growth
Time to rethink outdated views on apprenticeships
The scale-ups rocketing through our fast world
Care about the experience, not just the outcome
The rise of an alternative investor model
Bots don't beat personal business coaching
From COVID-19 to the Middle East crisis
How to build credibility in B2B marketing
Is your business ready for the trade union change?
Government 'must take its foot off businesses' throats'
Upskilling key to civil engineering's future
Why apprenticeships are becoming a strategic asset