24th Feb 2014 10:40
LONDON (Alliance News) - NetScientific PLC said Monday that it had made an investment in Queen's University Belfast's spin-out company ProAxsis Ltd.
The company said it will take a majority stake alongside existing investor Queen's University Spin Out Vehicle. It did not provide financial details of the investment.
ProAxsis will act as a subsidiary of NetScientific, producing diagnostic tests using its patented 'Protease-Tags' range of molecules that are used as biomarkers to monitor diseases.
Shares in NetScientific were trading up 1.0% at 133.80 pence Monday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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