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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.
यह कहानी The Journal के August 26, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 9,500 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
क्या आप पहले से ही ग्राहक हैं? साइन इन करें
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