The prognosis is good for Sunderland medical business Arquer Diagnostics.
The cancer diagnostic company, located at the North East Business and Innovation Centre (BIC) in North Hylton, has expanded its laboratory space from 300 sq ft to 1555 sq ft.
The North East is a fantastic location to tap into different skill sets including research and development scientists and product management
Arquer Diagnostics was established in 2006 and also has a presence Cambridge.
The firm has expanded in size as well as staff numbers and now employs seven people at its branch in Sunderland.
The company, which focuses on developing urine-based tests for cancer of the bladder and prostate, has taken extra lab space which will not only help to expand its current research but extend it to help detect other types of cancer.
CEO Dr Ian Campbell explained the reason for the expansion: “We recognise the availability of local talent in the region.
“The North East is a fantastic location to tap into different skill sets including research and development scientists and product management.
“We have also been able to work with some North East companies for the lab equipment and supplies.”
The Bic was the perfect location for the firm to expand its business, he said.
“The space is exactly what we need and having the flexibility to grow is paramount to our business needs.
“We have good quality broadband at the BIC which means that we can use communication to our advantage.
“I often work remotely and the facilities enable me to communicate with the sites effectively.”
The firm has recently raised additional funding from Longwall Venture Partners, Esperante Ventures and local investment from Northstar Ventures, who are tenants at the Bic’s sister site in Darlington.
In addition, the company has just recently received £10,000 funding from Sunderland City Council to assist with bringing jobs to the region.
Louise Hardy is business development manager at the BIC.
“The BIC’s laboratories are of the highest standards and benefit from the same great services and facilities offered with all of our tenancies,” she said.
“It is fantastic to hear that Arquer Diagnostics are expanding on the site and I look forward to seeing them grow the company further from their home here at the BIC.”