Monica Healthcare, a previous University of Nottingham spin-out, who developed a novel technology for monitoring expectant mothers has been acquires by U.S-based GE Healthcare. The work was developed by a research group led by Professor Barrie Hayes-Gill and his colleague Professor John Crowe between 1989 and 2002.
Dr Susan Huxtable, director of intellectual property commercialisation at The University of Nottingham, added: “I am delighted that Monica is being acquired by GE Healthcare. GE will ensure that Monica Healthcare’s innovative products, based on technology developed by The University of Nottingham, can be distributed widely, benefitting thousands of expectant mothers across the world.
“The success of Monica illustrates that although the journey to commercialisation might be a long one, in the end it can lead to something very worthwhile which can make a significant impact”.
Monica gained early stage funding from Action Medical Research, the Engineering and Physical Sciences Research Council (EPSRC) and also from the EU (Maria Sklodowska-Curie). It is also a portfolio company of Leicestershire -based Catapult Ventures.
For more about Monika and the purchase by GE Healthcare, follow the link.