Vale companies in Sunday Times Tech Track 100

The Sunday Times Hiscox Tech Track 100 league table ranks Britain’s 100 private tech (TMT) companies with the fastest-growing sales over their latest three years. It is compiled by Fast Track and published in The Sunday Times each September, with an awards dinner in November, and alumni dinners during the year.

The 2017 league table was published on 10 September, and features two companies based in Vale of White Horse! Find out more about these businesses below:

PsiOxus Therapeutics

Funding totalling £55m provided by the likes of Imperial Innovations and Mercia Technologies has helped PsiOxus develop viruses that can deliver medicines to cancer patients. It was formed in 2009 from the merger of two university spin-outs, and most of its income came from research grants. Revenue from licensing its own intellectual property hit £8.6m last year after it secured a deal with biopharma multinational Bristol-Myers Squibb. This partnership is expected to boost sales to more than £50m this year. Led by chief executive John Beadle, 52, in June PsiOxus relocated to a new base in Abingdon, Oxfordshire, expanding its office and laboratory space seven-fold.

Company details
Year 2017
Rank 25
Company PsiOxus
Activity Biotechnology developer
Location Abingdon
Average 3 year sales growth 120.50%
Latest sales £000s *8,564
Staff 46
Founded 2006
Website www.psioxus.com

 

Immunocore

This Oxfordshire firm, led by chief executive Eliot Forster, 51, develops drugs that harness the body’s immune system to fight cancer, infectious diseases and autoimmune diseases. In 2015 it raised £205m from investors including Woodford Investment Management and Malin. It also set up a subsidiary in America. The company’s partnerships with drug giants such as Glaxo Smith Kline and Astra Zeneca brought revenue of £16.5m in 2016, when it also made a large loss. It is expanding its Oxfordshire laboratory by 53,000 sq ft.

Company details
Year 2017
Rank 34
Company Immunocore
Activity Biotechnology developer
Location Abingdon
Average 3 year sales growth 100.41%
Latest sales £000s 16,465
Staff 279
Founded 2008
Website www.immunocore.com

Content courtesy of www.fasttrack.co.uk