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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.

- COREENA FORD Business writer coreena.ford@reachplc.com

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.

Cette histoire est tirée de l'édition August 26, 2025 de The Journal.

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