The bioprocessing firm fell into administration last month, citing lack of funds.
UK-based bioprocessing firm CellRev in August fell into administration with debts totaling nearly £1 million (US$1.4 million), according to documents filed with Companies House, the country’s official registrar of companies.
When it collapsed, the Newcastle University spin-out had £81,142 (US$110,000) in the bank as well as equipment worth £527,073 (US$622,000) and £31,245 (US$42,000) in grant monies from Innovate UK. …
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