Portfolio Update

RNS Number : 2235Q

Intl. Biotechnology Trust PLC

06 April 2009

 



INTERNATIONAL BIOTECHNOLOGY TRUST PLC

Portfolio Update

The Board of International Biotechnology Trust plc (the 'Company') notes a follow on investment in the unquoted portfolio company ESBATech.

On 6 April 2009, the Company invested £168,000 (CHF 283,000) into ESBATech, which has Board approval to trigger this second tranche of funding. ESBATech is a Swiss based company focused on inflammatory conditions such as osteoarthritis, and this investment brings the total invested cost in the company to £1.04m with a value of £1.4m.  

Enquiries:

Kate Bingham/David Pinniger

Telephone: [phone]       

SV Life Sciences Managers LLP   

Investment Manager                                        

Rachael Nelson

Telephone: [phone]

BNP Paribas Secretarial Services Limited

Company Secretary

6 APRIL 2009

 

END

 

 

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