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Press Release - 04 February 2005

Vectura breathes life into pharmaceutical industry

Vectura, a company established by academics at the University of Bath, is in the top four university spin-off companies in the UK, according to an article in this week’s Times Higher Education Supplement (Friday 4 February).

Vectura, a company established by academics at the University of Bath, is in the top four university spin-off companies in the UK, according to an article in this week’s Times Higher Education Supplement (Friday 4 February).

The article looks at the value of the country’s top ten university spin-offs when floated on the stock market in 2004. Vectura is valued at £60 million, which places it above other spin-off companies such as VASTox at Oxford University.

Internationally-known for research, the University of Bath is well-positioned to create enterprises which bring the benefits of its work into the wider community.

Vectura is recognised as one of Europe's leading pharmaceutical businesses. It is developing a range of inhaled drugs for the treatment of lung diseases and conditions where delivery via the lungs could provide significant benefits - these conditions include erectile dysfunction, premature ejaculation, Chronic Obstructive Pulmonary Disease, cystic fibrosis and asthma.

“We are delighted by this news,” said Professor Chris Garland, Head of Pharmacology. “Vectura’s successful growth reflects very much the exceptionally strong research culture provided by the Pharmacy & Pharmacology Department, which received the top rating (5 star) in the latest government research assessment exercise.”

The success of a company like Vectura helps to strengthen the local and national economies, as well as bringing financial rewards to the University.

“The value of university spin-off companies floated on the stock market has outstripped, in just one year, the Government’s entire spend on ‘knowledge transfer activities’.” said Caroline Davis in the Times Higher article.

Notes

The Department of Pharmacy and Pharmacology at the University of Bath is currently ranked first for research among all UK Departments of Pharmacy and was recently recognised by The Times Good University Guide as one of the best places in the country to study the subject.