Allergy diagnostics firm among fastest growing

DEESIDE-BASED food allergy diagnostics firm Reacta Healthcare has been named as one of the fastest-growing private technology firms in the UK.

- SION BARRY Business editor [e-mail]

The company is the only firm in Wales on this year’s Sunday Times 100 Tech list.

Led by chief executive Dr Paul Abrahams, Reacta is the world’s only manufacturer of tests that can be used in clinical trials by life sciences firms developing treatments for food allergies.

Scientists in the UK, Europe and North America are using the company’s patented tests to safely and accurately diagnose and monitor allergies to foods such as peanuts, milk and egg.

Since being established in 2013 the business has secured equity growth finance from the family Office of renowned venture capitalist Jon Moulton and the Development Bank of Wales.

To qualify companies must be independent, privately owned, and headquartered in the UK.

For the purpose of the list a technology business is defined as one that either sells its own proprietary technology or has developed proprietary technology that is essential to delivering its products or services.

‘The list is split (50 ranked in each) between software and hardware companies.