Published date: 20 April 2018

Awarded contract - This means that the contract has been awarded to a supplier.


Closing: 29 March 2018

Contract summary

Industry

  • Financial consultancy services - 66171000

Location of contract

North East

Value of contract

£28,800

Procurement reference

NCL001-DN328893-96955177

Published date

20 April 2018

Closing date

29 March 2018

Contract start date

1 May 2018

Contract end date

31 October 2018

Contract type

Service contract

Procedure type

Open procedure

Any interested supplier may submit a tender in response to an opportunity notice.

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

No

Description

Professor Jeff Pearson and Dr Peter Chater, of Newcastle University, have developed an innovative in vitro model gut system which is currently offered as a research service through the university. The system is the first of its kind capable of integrating a cell culture system with a physiologically accurate mucus layer and whole digestive secretions including bile and digestive enzymes, and has been described as the 'holy grail' of research into oral pharmaceuticals.
This system has been used in numerous academic and commercial projects, correctly predicting the outcome of a human ileostomy study and providing contract research services to customers such as Oxford Pharmascience, Suntory Lucozade Ribena, Croda and Capsugel.
The proposal is to set up a company 'Aelius Biotech' as a contract research organisation to scale up the service provision and provide improved in vitro testing to the pharmaceutical and functional food markets.
The initial brief of the executive will be to:
(a) Produce a viable business plan;
(b) Obtain university approval for the venture;
(c) Act for the company in the spin-out legal process and address all company formation matters;
(d) Negotiate and deliver a funding package, in accordance with the business plan, to finance the growth of the business.

Award information

Awarded date

18 April 2018

Contract start date

1 May 2018

Contract end date

31 October 2018

Total value of contract

£28,800

This contract was awarded to 1 supplier.

Technostics Ltd

Address

Daisy Building (2nd Floor), Castle Hill Hospital, Castle Road, Cottingham, East Yorkshire, HU16 5JQ

Reference

None

Supplier is SME?

Yes

Supplier is VCSE?

No

About the buyer

Contact name

Leigh Anderson

Address

Newcastle University
1 Park Tce
Newcastle upon Tyne
NE1 7RU
England

Telephone

+44 1912228618

Email

leigh.anderson@ncl.ac.uk

Website

https://www.ncl.ac.uk