NU1433-10 RAR-M Therapeutics Ltd The Provision of Business Consultancy to Assist Commercialisation of University Research.

Newcastle UniversitycontractContracts FinderRef NCL001-DN473477-33950644SME suitablecomplete

Estimated value

£30k

Awarded value

£30k

Awarded 21 Apr 2020

Suppliers

1

Lots

1

1 awarded

Published

19 May 2020

Deadline 13 Apr 2020

Description

Amyotrophic lateral sclerosis (ALS) - as with most other neurodegenerative diseases, including Alzheimer's and Parkinson's - is a major medical challenge and is having an ever-increasing impact upon the lives of patients, carers and indeed of society as a whole. Scientists at Durham (Chemistry Department) and Aberdeen Universities have recently designed, synthesised and identified a lead drug candidate with the potential for establishing a new treatment approach for ALS and with a longer-term potential of being effective for other neurodegenerative diseases. The technology is now being patented and we are ready to develop a commercial vehicle to drive the drug development programme forwards and raise the necessary investment required for the next stages. The need for an experienced Business Executive/CEO, who has already delivered drugs to the market in the neurodegenerative area, is essential to support the Commercial Team and especially the CEO directly. Although two of the Team have commercial (spinout) experience (e.g. as CTO of LightOx who are successfully raising second phase major investment currently for LightOx), the successful launch of market leading drugs and the raising of the finance to make that happen is needed to successfully take the company forward. In the longer term (such as Phase III raise of ca. £100+ million), such an executive might well be appointed as CEO, but in these early development stages, advise and business support is required

Scope

Reference
NCL001-DN473477-33950644
Total value
£30,000 excluding VAT
Commercial tool
Standalone contract
Contract dates
30 Apr 2020 to 31 Dec 2020
CPV classifications
79400000
Particular suitability
Small and medium-sized enterprises (SME)

Submission & procedure

Submission deadline
13 Apr 2020, 11:00 pm

Award details

Awarded supplier(s), contract period and value as published in the award notice.

Awarded value

£30k

Award date

21 Apr 2020

Contract start

30 Apr 2020

Contract end

31 Dec 2020