Mercia takes £500,000 stake in BioCity company
Investment firm Mercia Technologies has taken a £500,000 stake in Nottingham life sciences company Locate Bio.
Locate is a specialist regenerative medicine and medical device company based Biocity. Mercia's investment will be used to further expand Locate's existing product portfolio as well as new product opportunities utilising its IntraStem technology.
The deal means Mercia holds a 6% equity stake in Locate.
Dr Ian Wilding, chairman of Locate, said: "The investment from Mercia is a strong endorsement of Locate's technolog... For the full story register now for free or login below...