05 May 2011 16:05:20.300
Molecular Profiles, one of The University of Nottingham’s spinout companies, has won the prestigious Queen's Award for Enterprise — the UK’s highest accolade for business success.
The award, the second for Innovation, has been made in recognition of the company’s cutting edge pharmaceutical development services that significantly improve and speed-up the introduction of new drugs.
The awards are made annually by HM The Queen and are only given for the highest levels of excellence demonstrated in each category. They are judged to a demanding level and winners receive a number of benefits and worldwide recognition.
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The Queens Award comes just days after Molecular Profiles was awarded £1.6m from the Government’s Regional Growth Fund — one of only 62 companies, and one of only two in the East Midlands, in the first round of awards. The money will be used for a £10m expansion project including the building of a new 30,000 sq ft facility at its Nottingham Business Park base.
Chairman, Professor Martyn Davies, said: “These are exciting times for Molecular Profiles and we are delighted with our two recent achievements. This could not have been achieved without our highly talented and committed team who have demonstrated year on year that they can solve some of the toughest drug development issues.”
Molecular Profiles specialises in providing pharmaceutical development services and consulting expertise to pharmaceutical companies worldwide. It offers a complete portfolio of services including formulation development, preformulation, polymorph screening, salt selection, analytical services and clinical trial manufacturing for up to phase IIa. This extensive range of solutions all under one roof decreases the need to perform a technical transfer of work to other companies and therefore lessens the risk to the customer’s research.
The Queens Award is made to Molecular Profiles Limited for the creation of cutting edge development services that includes the nanoPASS™ (nanoscale Predictive Analytical Screening Solution) service platform. This novel analytical approach improves the development of new pharmaceuticals by exploiting the latest advances in nanotechnology to yield key analytical data from minute quantities of potential drug candidates and then predicting those candidates that are most likely to make it to market. It helps customers to substantially reduce R&D and production costs and enables earlier introduction of new medicines to market benefiting both industry and patients.
Professor Chris Rudd, Pro-Vice-Chancellor for Knowledge Transfer said: “Molecular Profiles has become one of the stars of our spinout portfolio — it links some of our top scientists with cutting edge industry and addresses some of the truly systemic problems in the pharmaceutical sector. The recent awards are a further endorsement of our talented colleagues in the School of Pharmacy whose innovation and ingenuity provided the initial platform for this great Nottingham company.”
The University of Nottingham won the Queen's Award Anniversary Prize for Higher Education in 2000, the Queen's Award for Enterprise 2001and Queen's Award for Industry (International Trade) in 2006 in recognition of its innovation in establishing its two overseas campuses in Malaysia and China. In 2007 the University’s School of Pharmacy was awarded the Queen's Award for Innovation.
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Notes to editors: The University of Nottingham, described by The Sunday Times University Guide 2011 as ‘the embodiment of the modern international university’, has award-winning campuses in the United Kingdom, China and Malaysia. It is ranked in the UK's Top 10 and the World's Top 75 universities by the Shanghai Jiao Tong (SJTU) and the QS World University Rankings. It was named ‘Europe’s greenest university’ in the UI GreenMetric World University Ranking, a league table of the world’s most environmentally-friendly higher education institutions, which ranked Nottingham second in the world overall.
The University is committed to providing a truly international education for its 40,000 students, producing world-leading research and benefiting the communities around its campuses in the UK and Asia.
More than 90 per cent of research at The University of Nottingham is of international quality, according to the most recent Research Assessment Exercise, with almost 60 per cent of all research defined as ‘world-leading’ or ‘internationally excellent’. Research Fortnight analysis of RAE 2008 ranked the University 7th in the UK by research power. The University’s vision is to be recognised around the world for its signature contributions, especially in global food security, energy & sustainability, and health.
May Fest 2011 is on Saturday May 7, 11am to 5.30pm, at The University of Nottingham. The University is throwing open its doors to the community — with heaps of free activities for all ages. The Physics Buskers, thunder and lightning on demand and brain games. Get a glimpse of some of the amazing things that are happening on your doorstep. Visit: www.nottingham.ac.uk/mayfest
More news from the University at: www.nottingham.ac.uk/news
For more information about Molecular Profiles go to www.molprofiles.com
More information is available from Emma Parker on +44 (0)115 8718893 or 07921 390701, email@example.com