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Bust life sciences firm owed £1.89m
The Journal
|August 26, 2025
NEWCASTLE life sciences company fell into administration owing £1.89m to unsecured creditors, documents show.
AMLo Biosciences Ltd (AMLo) was forced to call in administrators in June after a three-month battle to find fresh investment came to an end.
The company had been launched as a Newcastle University spin-out in 2017, specialising in a pioneering early-stage skin cancer test.
Its diagnostic test allowed clinicians to ascertain whether early stage melanomas are at low-risk of progression.
However, new documents filed by joint administrators Christopher Petts and James Hichens at Grant Thornton reveal the chain events that led to the firm's demise, starting with a failed investment round when a new investor pulled out.
This story is from the August 26, 2025 edition of The Journal.
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