Provexis wins government grant

A developer of medical food and dietary supplements has secured EU approval for one of its products and won a grant to support further research.

AIM-listed Provexis received a grant of £100,000 from the Northwest Regional Development Agency to fund research into the control of gastric ulcers and cancers. The announcement was made by Provexis backer Enterprise Ventures, which also revealed that the company’s tomato-based Fruitflow product for thinning the blood and preventing thrombosis has had its health benefits confirmed by the European Food Safety Authority.

Jonathan Diggins, chief executive of Enterprise Ventures, says the firm’s RisingStars funds have invested in Provexis in several funding rounds over the past five years. Their commitment to the company is now £1.75 million.

Fruitflow is stocked by Waitrose under the Sirco juice brand.

Nick Britton

Nick Britton

Nick was the Managing Editor for when it was owned by Vitesse Media, before moving on to become Head of Investment Group and Editor at What Investment and thence to Head of Intermediary...

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