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Back From The Dead Biodexa Makes Bid For VarianBio

Months After Bioasis Merger Collapsed

 
• By Kevin Grogan

Having just avoided going into administration, the firm formerly known as Midatech has pivoted its business model from a drug delivery company to a therapeutics player and has hit the acquisition trail.

Light Through Tunnel
• Source: Shutterstock

After its bid to acquire Canada's Bioasis Technologies, Inc. hit the rocks, UK group Biodexa Pharmaceuticals, formerly Midatech Pharma PLC, is looking to combine with Varian Biopharmaceuticals in the latest attempt to secure its future.

VarianBio, a private US precision oncology company, is developing an atypical protein kinase C iota (aPKCi) inhibitor which it i

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