Pinpoint Scientific secures new investment from Cherwell Laboratories and the Development Bank of Wales to develop its ImpactAir range.
Cherwell Laboratories and the Development Bank of Wales have taken a minority stake in the environmental monitoring specialist.
Pinpoint Scientific designs and manufactures environmental monitoring solutions for the pharmaceutical sector and related industries.
Pinpoint Scientific has secured new investment from Cherwell Laboratories and the Development Bank of Wales to fund the ongoing development of its ImpactAir range of microbial air monitors.
The capital injection coincides with upcoming regulatory revisions in the pharmaceutical industry and will assist the company in bringing new monitoring devices to market while supporting regional employment.
As part of the transaction, Cherwell Laboratories managing director Andy Whittard has joined the Pinpoint board to assist with strategic planning.
From the founder
"This is an exciting time for Pinpoint. We have been working on very innovative ideas to develop a new generation of microbial air monitors to meet the new Pharmaceutical regulations. This investment is perfect timing for Pinpoint and allows us to create a range of ground-breaking products for this market."
Gethin Jones
Managing Director at Pinpoint Scientific
Investor perspective
"I am really excited to join up with Gethin and the team at Pinpoint and help create an exciting range of products for pharma EM. The Annex 1 revision is potentially going to shift the dynamics for EM within grade A spaces and I think Pinpoint are well placed to service that need with innovative and highly effective monitoring devices."
Andy Whittard
Managing Director, Cherwell Laboratories
Use of funds
- 01Continue product development
- 02Grow the team
Investors
Categories
About the company
Pinpoint Scientific
Pinpoint Scientific designs and manufactures environmental monitoring solutions for the pharmaceutical industry.