Portfolio Update

RNS Number : 1607Y

Intl. Biotechnology Trust PLC

02 July 2008

 

2 July 2008

NEW PRIVATE PORTFOLIO COMPANY

The Board of International Biotechnology Trust plc (the 'Company') notes that a new investment was made in the unquoted portfolio on 30 June 2008. 

The Company invested £84,000 (with milestone-based future commitments of £400,000) in Allocure, a company based in Salt Lake City, Utah, USA and Hamburg, Germany, focused on developing treatments for acute renal failure and medical complications following kidney transplant.

Enquiries:

Kate Bingham/David Pinniger

SV Life Sciences Managers LLP          

Investment Manager                                          Tel: [phone]

Louise Richard

Schroder Investment Management Limited        Tel: [phone]

 

END

 

 

PFUBXGDRGGGGGID