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Q Chip
Sustained-release injectable drug delivery technology for biopharmaceuticals
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 dataAt a glance
- Founded
- 2003
- Headquarters
- Cardiff, United Kingdom
- Sector
- Biotech & Life Sciences
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Investors
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
- DCDisruptive Capital
Development Bank of Wales
Finance Wales
Series B and later5 investors entered at this stage
- LVLimburg Ventures
Nedermaas Hightech Ventures
Jon Moulton
Ken Powell
Sir Harry Solomon
Source: Dealroom Talent Intelligence.
Global footprint
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