Molecular Profiles, provides specialist pharma and biotech contract research in pharmaceutical formulation and small scale manufacture. The company was founded by an academic group from the University of Nottingham in 1997.
The government funding which is coming from the Regional Growth fund will be put to good use and will go towards purchasing land, building an R&D facility, and equipping their new laboratory.
Speaking of the funding, Dr Nikin Patel, chief executive officer of Molecular Profiles, stated, “This RGF grant is a significant milestone in the growth plan for our company. We are excited by the opportunity this grant has created, which will allow us to create a new state-of-the art pharmaceutical development facility and significantly expand our team. We are eager to commence the expansion as soon as possible.”