logo-loader
viewCreo Medical Group PLC

Creo Medical lands £2mln loan to fund development of sterlisation technology that could help combat coronavirus

"The Cool Plasma technology was one of Creo's very early projects, which was originally focused on hand sanitisation,” explained the medical devices specialist’s chief technology officer, Professor Chris Hancock

Creo Medical Group PLC -

A sterlisation technology that could be used to combat the spread of coronavirus has won £2mln of Welsh financial backing.

Creo Medical Group PLC (LON:CREO) said it had secured a loan from the Cardiff Capital Region, which will be used to develop the company’s Cool Plasma technology, which kills bacteria and viruses.

"The Cool Plasma technology was one of Creo's very early projects, which was originally focused on hand sanitisation,” explained the medical devices specialist’s chief technology officer, Professor Chris Hancock.

“I'm delighted that we are able to advance this technology which has a variety of applications. The current pandemic has highlighted the need to focus on technology that can limit the spread of Coronavirus and I am excited that we have support from the Cardiff Capital Region to commercialise our patented technology as part of our COVID-19 response.”

Quick facts: Creo Medical Group PLC

Price: 184.4 GBX

LSE:CREO
Market: LSE
Market Cap: £290.47 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

MBH Corporation's Callum Laing on how investors can overcome a lack of track...

  MBH Corporation Plc's (FRA:M8H) Callum Laing explains how to overcome a lack of track record which can often mean inexperienced entrepreneurs miss out on the best deals. Laing suggests mimicking investment strategies of others by joining groups or syndicates and start to trade off and...

6 minutes ago

2 min read