ReViral Success Story
PIONEERING biotechnology firm ReViral has found that NETPark has been the ideal place to grow the business and carry out its cutting edge research.
The company, which opened a research facility at the Sedgefield-based technology park in 2016, is due to start the next stage of clinical trials of its drug to combat Respiratory Syncytial Virus (RSV). The virus infects the lungs and can cause bronchiolitis and pneumonia and is particularly dangerous in those with compromised immune systems, particularly when found in young children and the elderly.
The company, which has recently secured its next round of funding, US$55 million from US and European investors, joins scores of other high tech medical companies at NETPark which are making huge advancements in the healthcare and materials industries.
Former Durham University lecturer Dr Stuart Cockerill, chief scientific advisor at ReViral, said: “It’s been hard work to get to this point but it’s very exciting to be here now.
“We love it at NETPark. It’s a great location and a good site being among other companies such as the CPI. It’s clean and a safe site.”
Janet Todd, manager of NETPark, said: “Reviral love it here and we’ve supported them in many ways. They’ve spent a great deal of time and money fitting out their facility so we’ve pointed them in the right direction for suppliers and made introductions for their business which left them more time to focus on what they do best – research.
“With any business on NETPark, if we think a service or an introduction will benefit them we’ll pick up the phone and put them in touch.”
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The North East Technology Park provides a dynamic and supportive environment to accelerate the growth of ambitious, innovative, high tech companies into global markets. NETPark encourages collaborative multidisciplinary links, driving innovation, enterprise and economic prosperity.
We provide companies with access to a focused and international community where talent flourishes, ideas are generated and businesses have the support and resources to compete with the best in the world.
NETPark North East Technology Park
NETPark, North East Technology Park,
Sedgefield, County Durham TS21 3FD
Call Us: (+44) 01740 625250
The proximity to the universities and the infrastructure are very important factors. Ultimately having a presence in Europe is very valuable to us and we intend to stay at NETPark for many years to come.
The quality of the facilities at NETPark and the attitude of staff is first class. It has a really dynamic, innovative atmosphere.
We initially came because of the printable electronics centre but access to a highly skilled semi conductor workforce in the North East has been a key factor in us staying and growing here, as well as the value for money office space and the access to funding.
CPI has developed a specialist offering to support SMEs looking to develop their printable electronics applications and our partnership with Business Durham has been instrumental in attracting several SMEs to locate here in the region.
Access to quality facilities was one of the main drivers for deciding to locate the business at the NETPark. We have been able to use this as a launch pad to link into support from CPI and world-class expertise from Durham University.
It fits perfectly for us that we’re surrounded by like-minded companies at NETPark. There are a number of highly skilled people in the area who can help us grow our business. The facilities and services offered by NETPark are first class, they make office life simple and engaging.