2 years ago
BDD Secures £2 Million to Expand Early Phase Clinical Trials
BDD, a Glasgow-based company specializing in integrated drug formulation and clinical trials, has secured an additional £2 million in funding
The round was led by existing investors, including angel syndicate Archangels, Scottish Enterprise, and new investor British Business Bank
The investment will help in BDD's expansion to meet the growing demand for both its patented drug delivery technology and specialist clinical trial services.
ProblemHealthcare
"Traditionally slow and costly development processes in the pharmaceutical industry are hampering the path to market for new medicines."
Solution
"BDD offers a single point of contact for early phase formulation development and clinical evaluation, enabling clients to fast-track their drug product development by providing phase-appropriate development, manufacturing and clinical testing services. BDD's patented oral drug delivery technology, OralogiK™, enables the timed release of active pharmaceutical ingredients tailored to specific modified-release needs."