Archive for June, 2013

F2G Ltd and The University of Manchester Announce a new €6.1million project

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F2G Ltd and The University of Manchester Announce a new €6.1million project to develop new antifungal agents to treat resistant fungal infections.

Manchester UK, 25th June 2013

F2G Ltd, a privately-held antifungal drug discovery and development company and The University of Manchester, today announced the commencement of a 6.1 million euro EU-funded project to discover and develop novel antifungal drugs to treat serious, life-threatening fungal infections. The NOFUN project is a collaborative project under the7th Framework Program of the European Commission which brings together five partners to accelerate the development of a number of F2G’s broad spectrum antifungal agents.

About two million people die each year because of fungal infection and resistance is rapidly emerging to the most common drugs used to treat these diseases. This project aims to develop novel agents with completely new ways of acting in order to combat the increasing tide of drug resistant fungal infections. NOFUN will use F2G’s discovery assets and the University’s fungal genomics platforms in addition to the drug development and characterisation expertise of the other partners.

Participants in the NOFUN Project are F2G Ltd (UK), The University of Manchester(UK), Pharmacelsus GmbH (Germany), OncoTargeting AB (Sweden) and Universitat i Rovira Virgili (Spain).

Dr Mike Birch of F2G and Scientific Coordinator of NOFUN added: “Competition for funding in this call was immense and the NOFUN award represents a significant validation of the project and the partners. F2G is delighted to lead the scientific program to develop much needed new antifungal agents.”

Dr Mike Bromley, NOFUN Project Coordinator from The Manchester Fungal Infection Group at The University of Manchester, said: “We are delighted that this project has been funded and it confirms The University of Manchester as a centre of excellence in fungal biology and disease. Hopefully this cash boost will help us to create new treatments to tackle serious, life-threatening fungal infection.”

About F2G Ltd: Based in Manchester, UK, F2G Ltd is dedicated to the discovery and development of new and clinically superior drug classes to treat life-threatening systemic fungal infections in at-risk patient populations. This is a growing health risk for which there are currently limited treatment options and for which demand is increasing globally. Market growth is expected to increase with the emergence of new clinical indications in allergies and asthma. For more information visit www.f2g.com

UKTI announces Entrepreneur Festival to bring global talent to Britain

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UK Trade & Investment (UKTI) announced the launch of a new venture today aimed at boosting Britain’s community of young entrepreneurs with global ambitions. The  Entrepreneur Festival will offer final year students (BA/BSc level, Masters or Research degree programmes) and recent graduates from universities around the world an intensive induction into what it’s like to be a young entrepreneur in the UK.

Hosted in Manchester from 4-6 September, the Festival will bring budding entrepreneurs from a huge range of different countries together to learn about, and be mentored in, how to start a business in the UK. It will provide an opportunity to meet investors and inspirational mentors to get insight and advice, visits to UK businesses in a variety of sectors, and experience of working with peers from around the world to tackle practical business challenges.

The UK is one of the best places in the world to become an entrepreneur and we want to attract graduate talent into the UK to do just that, offering the guidance and support of the country’s entrepreneurial community, experts and specialist networks. If you’re a final year student or graduate and you have an exciting idea that you think one day will create a successful business, come to UKTI’s Entrepreneur Festival and find out how you can realise your ambition.

The Festival is open to recent graduates or final year BA/BSc level, Masters or Research degree students at, universities in the UK and elsewhere in the world. visit www.entrepreneursfestival.ukti.gov.uk

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