The Secretary of State for Wales, the Rt Hon David TC Davies MP, yesterday visited the South Wales-based headquarters of Jellagen – the Cardiff-founded biotech company that is leading the world in revolutionary regenerative medicine, through its radical approach to harnessing the benefits of advanced collagen biomaterials derived sustainably from jellyfish.
The visit follows an £8.7M Series A equity investment in this transformative medtech innovator, by Cardiff Capital Region, Development Bank of Wales, Thai Union Group PCL and existing shareholders – enabling Jellagen to accelerate its pioneering programme of product development, towards human trials and regulatory filing.
Welsh Secretary David TC Davies, said:
“The fast-evolving Welsh Medtech sector is rightly growing a global reputation and it was fantastic to meet the Jellagen team and see the incredible work they are doing.
“The UK Government has invested £500M in the Cardiff Capital Region with the aim of developing a vibrant local economy and boosting the skills and jobs of the future. Jellagen is a great example of Welsh innovation and ambition – and it is exciting to see government funds supporting work which is at the cutting edge of its field.”
Thomas-Paul Descamps, CEO of Jellagen, warmly welcomed the Welsh Secretary’s enthusiastic support:
“We are delighted to be recognised by the UK Government for the paradigm shift being made through the Jellagen platform in accelerating the medical development of Collagen Type 0. Our progress represents a major milestone in being able to use sustainable collagen biomaterial for a whole range of skin diseases and tissue reconstruction, through innovative devices – and our team is particularly delighted to welcome the Welsh Secretary, given his keen interest in promoting innovation in Wales and championing investment from both domestic and international investors.
“We are proud to be part of this unique Welsh ecosystem – and thrilled by the support given to Jellagen as a future global medical devices and biomaterial leader based in Wales.”
Rhys Thomas, Chief Operating Officer of Cardiff Capital Region (CCR), noted the collaborative approach typified by the Secretary of State for Wales’ visit to South East Wales:
“CCR’s investment in Jellagen reflects our belief in the incredible potential of their technology platform, and the benefits this will bring to our Region through future manufacturing scaleup. It’s highly encouraging to see how a Cardiff-born enterprise is growing from strength-to-strength here in the Region – and wonderful to witness how CCR’s close collaboration with UK Government, Welsh Government, private sector partners and the wider investment community is creating highly innovative and sustainable applications for use around the world.
“Preclinical results have proven that Collagen Type 0 can negate the use of mammals in the development process, decreasing the risk of disease and virus transfer – and we are delighted to be part of a major breakthrough that enhances the wellbeing of patients requiring tissue reconstruction or treatment for skin disease.”