Liverpool Funding Bid by Pharma Firm

BBC News has reported that Liverpool Pharmaceutical company Redx Pharma has applied for a grant to create 250 jobs.
The government grant would amount to £5.9 million and also fund a cancer treatment research centre. The grant would lead to a further £33.2 million investment by shareholders over five years.
Should the grant be successful the new centre, fitted with state of the art biochemistry and testing resources, would be up and running by 2012.

Max Steinburg, chief executive of Liverpool Vision, the cities economic development company, said the centre will have “economic and employment benefits” as well as giving Liverpool the “potential to become a world leader in bio sciences”.  Dr Neil Murray, chief executive of Redx Pharma concurs, believing “life science has a major role to play in the development of Liverpool’s future”.

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