Small Talk: The engineers who are building human tissue

The possible discovery of flowing water on Mars is yet another example of how science fiction is becoming science fact. And it's not just in outer space.

Back on earth, just look at the area of regenerative medicine, which uses donor tissue from either humans or animals (most commonly, pigs) to patch up patients suffering everything from heart disease to diabetes.

Tissue Regenix, which launched on the Alternative Investment Market (AIM) last summer, hopes to be a key player in this nascent industry. Using tissue-engineering research pioneered by Professor Eileen Ingham and Professor John Fisher at the University of Leeds, the company has patented an innovative way of stripping the cells away from the donor structure – a heart valve, for example – leaving only the generic collagen structure to be implanted. The patient's own body then overlays the "biological scaffolding" with its own tissues.

The potential market is massive, given the perpetual shortages of human donors. The use of immuno-suppressant drugs to counteract the rejection of foreign tissues is a far-from-ideal long-term solution.

Tissue Regenix has a range of different applications for its technology, but the most eye-catching in the current corporate climate is its woundcare product. The stripped-down skin patch for use treating diabetic ulcers is currently being trialled by the NHS.

Meanwhile, there are growing signs that the much-predicted consolidation is ramping up in the woundcare sector.

Last month, Apax spent $6.3bn (£3.8bn) buying New York-listed KCI, a medical technology group whose fastest-growing segment is its woundcare business. And in May, pharma giant Shire snapped up Advanced BioHealing, a direct competitor to Tissue Regenix in the regeneration space.

Last week, Tissue Regenix received its first overview by City analysts. Peel Hunt, which took over as house broker in November, describes the company as "one of the most exciting medical device opportunities". It is one to watch.

Breathing easy with Vectura

Respiratory specialist Vectura last week announced two licensing deals for the development of its VR315 treatment for asthma and COPD, a smoking-induced breathing problem.

Catchily-named VR315 is a generic version of a branded therapy which commands a whopping $8bn market worldwide. Vectura's copy is already licensed in Europe, to Swiss drugs giant Novartis, and expected to go on the market within the coming year or so.

As of Wednesday, it is also licensed for the US market – with a company which remains anonymous for commercial reasons. And on Friday Vectura announced an agreement for the rest of the world, in a second deal with the Novartis generics division, Sandoz.

"This is a real step change for Vectura," Chris Blackwell, the chief executive, said. "It puts us in a really strong position."

VR315 is not the only major development the company is working on. Two more major products – which also treat COPD – will come to fruition in the next one to two years, and are expected to give a major boost to revenues.

The company is garnering considerable support amongst City analysts. Peel Hunt's Stefan Hamill described the latest VR315 licensing deals as "a signal of confidence" that "puts to rest any lingering doubts over Vectura's technology. "In a week where growth and sovereign concerns have come further to the fore, Vectura offers a structural play on austerity," he says.

Investors seem to agree. The company's stock rose by 2 per cent on Friday – taking it up by more than 100 per cent over the last 12 months – despite the turmoil in the world's equity markets.

A new way to tempt investors

With credit still tight and few interesting initial public offerings to tempt investors, Patrick Gruhn, the founder of Elevator investment magazine, has turned his sights to the private equity market.

FirstPEX – billed by Mr Gruhn as Europe's first secondary market for private equity investments – was soft launched in Switzerland last month and is set to go live in the UK by the end of this year.

Small British companies and entrepreneurs will be able to list on the site, offering holdings to registered investors, who will also be able to trade their stakes online. The technology allows buyers and sellers to trade, via a traditional auction process, with no intermediaries and with complete transparency as to bid-offer prices.

"The idea is simple: provide a solution for investors and business owners to trade non-liquid assets in a swift and cost-efficient manner," Mr Gruhn explains.

LPO Ventures – the company set up by Mr Gruhn to create FirstPEX – expects trading to hit more than €1bn (£871m) over the next 12 to 18 months, and to €10bn by 2015.

At the moment, British companies can list on the site, but the only registered buyers are Swiss (of which there are around 80, so far). But by the end of the year the market will be opened up to investors from the UK as well.

Start your day with The Independent, sign up for daily news emails
  • Get to the point
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs Money & Business

Recruitment Genius: Claims Administrator

£16000 - £18500 per annum: Recruitment Genius: This is an excellent opportunit...

Recruitment Genius: Senior SEO Executive

£24000 - £28000 per annum: Recruitment Genius: A Senior SEO Executive is requi...

Recruitment Genius: Online Customer Service Administrator

£16000 - £18000 per annum: Recruitment Genius: An Online customer Service Admi...

Recruitment Genius: Digital Marketing Executive

£18000 - £22000 per annum: Recruitment Genius: This global, industry leading, ...

Day In a Page

'It was first time I had ever tasted chocolate. I kept a piece, and when Amsterdam was liberated, I gave it to the first Allied soldier I saw'

Bread from heaven

Dutch survivors thank RAF for World War II drop that saved millions
Britain will be 'run for the wealthy and powerful' if Tories retain power - Labour

How 'the Axe' helped Labour

UK will be 'run for the wealthy and powerful' if Tories retain power
Rare and exclusive video shows the horrific price paid by activists for challenging the rule of jihadist extremists in Syria

The price to be paid for challenging the rule of extremists

A revolution now 'consuming its own children'
Welcome to the world of Megagames

Welcome to the world of Megagames

300 players take part in Watch the Skies! board game in London
'Nymphomaniac' actress reveals what it was really like to star in one of the most explicit films ever

Charlotte Gainsbourg on 'Nymphomaniac'

Starring in one of the most explicit films ever
Robert Fisk in Abu Dhabi: The Emirates' out-of-sight migrant workers helping to build the dream projects of its rulers

Robert Fisk in Abu Dhabi

The Emirates' out-of-sight migrant workers helping to build the dream projects of its rulers
Vince Cable interview: Charging fees for employment tribunals was 'a very bad move'

Vince Cable exclusive interview

Charging fees for employment tribunals was 'a very bad move'
Iwan Rheon interview: Game of Thrones star returns to his Welsh roots to record debut album

Iwan Rheon is returning to his Welsh roots

Rheon is best known for his role as the Bastard of Bolton. It's gruelling playing a sadistic torturer, he tells Craig McLean, but it hasn't stopped him recording an album of Welsh psychedelia
Russell Brand's interview with Ed Miliband has got everyone talking about The Trews

Everyone is talking about The Trews

Russell Brand's 'true news' videos attract millions of viewers. But today's 'Milibrand' interview introduced his resolutely amateurish style to a whole new crowd
Morne Hardenberg interview: Cameraman for BBC's upcoming show Shark on filming the ocean's most dangerous predator

It's time for my close-up

Meet the man who films great whites for a living
Increasing numbers of homeless people in America keep their mobile phones on the streets

Homeless people keep mobile phones

A homeless person with a smartphone is a common sight in the US. And that's creating a network where the 'hobo' community can share information - and fight stigma - like never before
'Queer saint' Peter Watson left his mark on British culture by bankrolling artworld giants

'Queer saint' who bankrolled artworld giants

British culture owes a huge debt to Peter Watson, says Michael Prodger
Pushkin Prizes: Unusual exchange programme aims to bring countries together through culture

Pushkin Prizes brings countries together

Ten Scottish schoolchildren and their Russian peers attended a creative writing workshop in the Highlands this week
14 best kids' hoodies

14 best kids' hoodies

Don't get caught out by that wind on the beach. Zip them up in a lightweight top to see them through summer to autumn
Robert Fisk in Abu Dhabi: The acceptable face of the Emirates

The acceptable face of the Emirates

Has Abu Dhabi found a way to blend petrodollars with principles, asks Robert Fisk