Details

Last Funding Type

Series Unknown

Last Funding Money Raised

£4M

Industries

Biotechnology,Medical,Pharmaceutical

Founded date

Jan 1, 2010

Number Of Employee

1 - 10

Operating Status

Active

Proveca Ltd is a pharmaceutical company specialising in identifying, researching and licensing off-patent medicines with unmet priority health care needs, with a focus on the paediatric market. By developing the necessary formulations and clinical data required to obtain a Paediatric Use Marketing Authorisation (PUMA) these drugs will benefit from a period of 10 years' market protection (8 years of data and market protection plus 2 further years of market protection). In addition, where appropriate, Orphan Drug status (Orphan Drug) will be sought which affords a period of 10 years' market exclusivity to run concurrently.
Value will be realised through commercialisation of the licensed medicine or an outright sale of the licence to a larger pharmaceutical company.