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Q Chip

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Sustained-release injectable drug delivery technology for biopharmaceuticals

Cardiff, United KingdomFounded 2003Biotech & Life Sciences
Valuation $25–50M Last recorded · 2011
Revenue <$1M Latest reported FY
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
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About Q Chip

Q Chip Limited was a life science company that developed and commercialized bio-encapsulation products for the pharmaceutical and medical device markets. A spin-out from Cardiff University in Wales, the company specialized in sustained-release drug formulations for injectable therapeutics. Its core technology, Q-Sphera™, is a bio-encapsulation production system that packages and stabilizes biological materials in precisely engineered polymer microspheres. This platform enables the controlled, sustained release of biopharmaceuticals, such as peptides and proteins, over extended periods.

The company's focus was on improving the delivery of therapies for cancer and ophthalmology. In December 2014, Q Chip was acquired by Midatech Pharma PLC, a nanomedicine company, for approximately £14.4 million in stock. The acquisition was strategic for Midatech, providing a complementary technology to its gold nanoparticle (GNP) platform and adding sustained-release programs to its portfolio. Following the acquisition, Q Chip's chairman, Dr. Simon Turton, joined Midatech's board, and its CEO, Dr. Tim Sparey, became Midatech's chief business officer. Q Chip's technology, now part of Biodexa Pharmaceuticals (formerly Midatech), continues to be developed for formulating delicate, high-molecular-weight proteins like monoclonal antibodies into long-acting injectables.

Source: Dealroom company data

At a glance

Founded
2003
Headquarters
Cardiff, United Kingdom
Sector
Biotech & Life Sciences

Investors

9 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed1 investor entered at this stage

  • E-Synergy

Series A3 investors entered at this stage

  • Disruptive Capital
  • Development Bank of Wales
  • Finance Wales

Series B and later5 investors entered at this stage

  • Limburg Ventures
  • Nedermaas Hightech Ventures
  • Jon Moulton
  • Ken Powell
  • Sir Harry Solomon
Team profiled 7 named & role-tagged
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Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇬🇧 United Kingdom · Cardiff HQ
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Market sentiment

Posts on X, past 7 days

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Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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