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Molecular Vision Ltd ("MV"), which was spun-out of Imperial Innovations, develops simple-to-use, point-of-care diagnostic devices (known as the BioLED™ platform) that quickly produce lab-quality information from a single sample of bodily fluids. Since 2008 MV has validated the platform, including demonstration of its CardioplexTM triple test for myoglobin, CK-MB and troponin-I in a serum sample, and undertaken >£1.5M of contract work for a variety of customers including Acrongenomics Inc, Microfluidic ChipShop and L'Oreal; addressing analysis problems relating to kidney and cardiac health, pathogen identification and cosmetics. During the REF period the Company has generated a total of over £3.4m in investment, contract revenue and non-UK grant funding and created greater than 50 man years of UK employment, primarily at the PhD level. Abingdon Health Group acquired a majority stake in MV in 2012 as part of its strategy to create a fully integrated business in the UK that is able to compete in the large and global immunodiagnostics market.
A spin-out company, Ingenia Technology Ltd, was launched in 2005, to bring the technique now known as Laser Surface Authentication (LSA) to market. LSA is used to detect and prevent forgeries by allowing a unique, naturally occurring and uncopyable identity code to be read from material surfaces. It is particularly useful for fighting counterfeiting and smuggling of high-value documents and products and as such makes an important contribution to (i) industrial and consumer safety, (ii) commercial revenues and (iii) countering criminal activity. Organisations and companies contracted to use Ingenia's LSA technology include the pharmaceutical firm Bayer, carton manufacturers CARTONDRUCK and Grafiche Bramucci, Swiss precious metal refiner PAMP and the International Atomic Energy Agency.
Molecular Vision Ltd (MV), an Imperial Innovations spinout, has developed a low-cost technology for multiplexed analysis on bodily fluids. The BioLED™ platform rapidly delivers lab-quality information from a single-sample point-of-care diagnostic device. Since 2008 MV has validated the platform, including demonstration of its Cardioplex™ triple test for myoglobin, CK-MB and troponin-I in a serum sample, and undertaken > £1.5M of contract work for a variety of customers including Acrongenomics Inc, Microfluidic ChipShop and L'Oreal. A further £1.2M in non-UK and £2.6M in UK equity investment and > £660K in non-UK grant funding has been injected via MV into the UK economy during the REF period, securing > 50 person years' employment. MV is now a key component of the Abingdon Health Group's (AHG's) strategy to create a fully integrated UK business to compete in the multi-billion pound global immunodiagnostics market. Agreements with a leading European pharmaceutical company and a large multi-national chemical company, in both cases to co-develop point-of-care diagnostic tests in the UK, are now underway.
Researchers at Imperial College London have established a spin-out company called Ionscope Ltd which develops and sells Scanning Ion Conductance Microscopes (SICM). This is a novel technology that can (i) characterise live cells and their derivatives non-destructively during differentiation and development, (ii) correlate biophysical features at unprecedented resolution with detailed transcriptional information on a single cell level, and (iii) steer cell fate by mechanical stimulus. Other high magnification techniques interfere with or kill living cells, whereas SICM is benign, allowing living cells to be studied over long periods, making it a highly desirable technology for all groups working within biomedical research. The technique has application in the study of living processes at nano-scale, which to date has included neurons, heart muscle, kidney, sperm and stem cells. Ionscope Ltd sales since 2009 have totalled [text removed for publication], with the company registering a 20% increase in its revenue over the past 5 years.
Imperial researchers in Prof Paul French's photonics group demonstrated one of the first practical FLIM instruments in 1997 using a prototype gated optical intensifier (GOI) developed by Kentech Instruments Ltd and a home-built solid-state ultrafast laser. They subsequently pioneered the use of ultrafast supercontinuum sources (USS) for FLIM. Today wide-field time-gated FLIM is a commercial success and is being widely applied for biomedicine, including for imaging of diseased tissue [e.g. 5] and for FRET (Fluorescence resonance energy transfer) microscopy to assay protein interactions [e.g. 3, 4]. This research thus helped translate FLIM to a wider community, highlighting the potential for tissue imaging, cell biology and drug discovery. It stimulated about £5M of GOI sales for Kentech [section 5, source A], with whom they developed time-gated FLIM technology and applications, and millions of pounds worth of sales of supercontinuum sources for Fianium Ltd [B].
Locust and grasshopper outbreaks can form swarms containing billions of insects, creating feared and damaging agricultural pests. Following research at Imperial College London, the entomopathogenic fungus Metarhizium acridum was developed into an oil formulated product (`Green Muscle®') that could be applied by ground-based and aerial spray equipment at ultra-low volume (ULV) rates, when locust and grasshopper populations periodically increased. Green Muscle® has since been used to treat locust outbreaks in Israel and five southern African countries. Green Guard®, an associated mycoinsecticide marketed in Australia, has been used extensively to control locusts in regions where there are land use limitations on chemical pesticides. Both Green Musclef6da and Green Guardf6da are supplied by Becker Underwood. Besides the success of Metarhizium as an effective, environmentally-friendly locust control option, substantial science and enabling technology ensued, that should accelerate the development of other mycopesticides as important alternatives to currently beleaguered chemical pest control methods.
Questions about the benign or malignant nature of liver tumours are common and pressing since they determine how the patient is managed. Benign masses are frequently encountered; they usually do not require intervention but are easily mistaken for malignancies with conventional imaging methods. Work at Imperial College demonstrated that microbubble contrast agents have the special property of lingering in both normal liver tissue and in benign solid masses, whereas malignancies do not retain microbubble. The discovery of this property at Imperial has led to their use worldwide as a diagnostic tool. In 2012 NICE recommended their use as being cost-effective for this use.
Work since 1993 at Imperial College has led to a novel generic approach to Separation Science called: Label Free Intrinsic Imaging (LFII) — with applications in high throughput proteomics, metabolomics, analytical chemistry, health care diagnostics and genomics. LFII was commercialised by Imperial spin-out deltaDOT Ltd in Nov 2000. Sales of LFII products by deltaDOT have been made to various sectors including pharmaceutical, analytical and diagnostic companies. The average annual turnover of deltaDOT Ltd in the REF period was >£600k per annum and the net worth and total assets in 2012 were £569,595 and £808,027, respectively. The deltaDOT technology has been adopted by the US multi-million dollar DARPA-funded [Defense Advanced Research Project Agency] rapid-vaccine development programme. In 2009 an affiliate company, deltaDOT QSTP-LLC, was formed in Qatar, developing a world-class proteomics research and testing facility in Doha also entirely based on the LFII technology. Since its formation deltaDOT QSTP-LLC has generated total revenues of >$10M.
Methodological, algorithmic and interpretational advances in wavelet techniques for time series analysis are encapsulated in the research monograph by Percival and Walden (2000): "Wavelet Methods for Time Series Analysis" (WMTSA). Multiple language software packages have been developed from the book's contents, including the Spotfire S+ package from the major commercial software company TIBCO (2008-present). TIBCO Spotfire clients span many sectors and include major companies such as GE, Chevron, GlaxoSmithKline and Cisco. Further applications of the wavelet techniques developed in WMTSA include in the biomedical, conservation and financial sectors. WMTSA is used, for example, in functional Magnetic Resonance Imaging by GlaxoSmithKline, to monitor cracks in the dome of the UNESCO world heritage site Santa Maria del Fiore Cathedral in Florence, and by the Reserve Bank of New Zealand in its analysis of measuring core inflation.
The sale of Genapta Ltd. to a North American Instrument manufacturer was successfully completed in December 2008, with the release of the holdback payments and associated validation of its technology, as well as the transfer of know-how to the purchaser. The funds from the sale also benefitted the shareholders, including Cambridge Enterprise Ltd which was able to reinvest funds in new University spin-outs. Genapta was co-founded by David Richards, with product development between 2001 and 2008 of a fluorescence assay system for biochemical screening informed by his expertise in fluorescence detection, resulting from his research during this period.