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30th March 2021

PBD Biotech raises £2.3m for ‘game changing’ bovine TB test

A University of Nottingham spin-out which has developed a rapid test that could be a ‘game changer’ in combatting tuberculosis (TB) in livestock has secured a £2.3m investment to help bring its product to market.  The funding for PBD Biotech has come from a consortium led by fund managers Mercia and the Foresight Group, which were both investing through the Midlands Engine Investment Fund (MEIF); the University of Nottingham; the government’s Future Fund; and private investors including farmers and veterinary practices. 

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