The capital raised will also increase its team of clinical trial experts in serving both pharma and patients across the UK and overseas.
UK-based independent SMO, Panthera Biopartners has completed a Series A funding round with Gresham House Ventures as a major investor.
WHY IT MATTERS
Panthera is looking to extend its UK site network by opening a new clinic in Glasgow and expanding existing locations to service higher patient volumes and take forward alliance partnerships across Europe.
The Series A funding will also ensure Panthera has the financial backing to provide pharmaceutical clients and patients with high quality service.
THE LARGER CONTEXT
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Earlier this year, Panthera and Rutherford Health launched an oncology clinical trial network for the development of new cancer treatments. The collaboration is called Panthera@theRutherford and combines Rutherford’s UK network of oncologists and Panthera’s expertise in managing clinical trials.
ON THE RECORD
Professor John Lyon, chairman of Preston-based Panthera said: “I am pleased that Gresham House Ventures is investing in Panthera and we are delighted to have such a reputable and respected investment house as a shareholder. Despite the challenges faced with Covid, we have built Panthera into a significant player with dedicated sites across the UK in Preston, Manchester and London.”
Brendan Gulston, investment director at Gresham House Ventures, added: “We are very pleased to be able to support such an innovative and experienced team as they look to build a market leading site management organisation.”
Source: Mobihealth News
