5th Jul 2007 07:01
Ipso Ventures PLC05 July 2007 FURTHER INVESTMENT IN INTELLIGENT WOUND CARE Ipso Ventures plc, the IP commercialisation specialist, announces that itswholly owned subsidiary, Ipso Management Limited ("Ipso"), has made a furtherinvestment of £270,000 in its spin out company Intelligent Wound Care Limited("IWC"). IWC was established in May 2006 to capitalise on the work of Dr DannyO'Hare, a Reader in Sensor Research in the Department of Bioengineering atImperial College London. IWC is developing devices to measure various physiological parameters which willallow a clinician to make an informed assessment of the functional status oftissues and organs. The devices will assist in early identification and trackingof pathological conditions both during clinical / surgical procedures andfollowing surgery. IWC is currently finalising the manufacture of a number of prototypes prior toplacement of those devices with research establishments for further testing.These research trials are expected to take around six months and the resultsshould be available by the end of 2007. Simon Hunt, Chairman of Ipso Ventures plc, said: "Danny has made great strideswith his technology and we are delighted to provide further support to progressthe development of the devices. We believe that the research trials IWC areabout to commence will show that its device can improve patient outcomes postsurgery." Dr Danny O'Hare said: "I am excited at the prospect of translating our researchinto the marketplace. The investment and support from Ipso will enable widerapplication of our techniques and will ensure that these devices can beevaluated in a clinical setting. Our clinical collaborators are confident thatour sensors will help in the management of their patients." Including this investment Ipso has invested a total of £540,000 in IWC. Ipso'spartner in IWC is Imperial Innovations plc, which has an option to acquire 24.9per cent. of the company at nominal value. Further information, please contact: Ipso Holdings plc: Tel: 020 7812 6042Simon Hunt, Chairman [email protected] Rodgers, Chief Executive [email protected] www.ipsoventures.com Ambrian Partners Limited Tel: 020 7776 6421Richard Welton [email protected] www.ambrian.com Rawlings Financial PR Limited Tel: 01756 770376Catriona Valentine [email protected] www.rawlingsfinancial.co.uk This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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