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New uses for old drugs

Warwick Ventures, the university’s technology transfer office, supported the deal, which sees all a2sp’s employees moving across to Tangent Reprofiling and a2sp COO Suzanne Dilly becoming Tangent’s new CEO.

Dr Dilly added: “We are excited to be joining the PepTcell group and eagerly anticipate working with their innovative scientific team.”

PepTcell holds the majority interest in Tangent Reprofiling with the other shareholders comprising the University of Warwick and previous staff members, consultants and directors of a2sp.

John Mihell, of Warwick Ventures, said: “We are glad to see another spin out company successfully commercialised. We are excited by the prospects of this new relationship with the PepTcell group and hope that Tangent Reprofiling will fulfil their objectives.”

Gregory Stoloff, of PepTcell, added: “PepTcell is excited by this acquisition which completes its drug reprofiling ambitions by complementing the activities of its recently established subsidiary Biocopea Ltd. PepTcell now has the full spectrum of risk from reprofiling through to new drug development with a particular focus in the area of immunology.”

Dr Suzanne Dilly is joined on the board of Tangent Reprofiling by Dr Paul Taylor, Associate Professor of Chemistry at Warwick, who will also be providing services as a consultant. The Board is completed by Chairman, Gregory Stoloff, and PepTcell members, James Synge and Wilson Caparros Wanderley.

For further information, please contact:
Dr Suzanne Dilly, CEO, Tangent Reprofiling Ltd. Tel: (0)1789 840599 Suzanne.dilly@tangentreprofiling.com
Beck Lockwood, Campuspr Midlands Ltd. Tel: 0121 451 1321; mobile: 0778 3802318; email: beck@campusprmidlands.co.uk

Notes for editors:
For further details of the PepTcell group please see http://www.peptcell.com/collaborations.aspx
Sat 13 Dec 2008, 21:08 | Tags: grant income