22 October 1999 LTDExpert advisers to growing businesses, BDO Stoy Hayward have joined forces with PharmaVentures Ltd to service the needs of emerging life science companies.There are approximately 250 emerging life science companies in the UK, making it the single largest market in Europe. However, as the number of companies has grown so the market has become increasingly dependent on financial investment and support. TIan Templeton, Senior Partner at the Manchester office of BDO Stoy Hayward, commented: “We are delighted to collaborate with PharmaVentures. With our significant experience in advising and raising finance for emerging life science companies since 1992, we can provide a range of services including capital, management, analysis & evaluations and business strategy. Dr Fintan Walton, Chief Executive of PharmaVentures Ltd, commented: “With our focus on corporate business development strategies now combined with BDO Stoy Hayward’s corporate finance capabilities, we believe the joint venture will provide a considerable boost to the development of new emerging life science companies in the UK.”Ian added: “Because the level of risk is often considered to be too high, usual avenues of funding are often reluctant to invest in companies of this type. We have access to a variety of funding sources, many of which have experience of high risk funding, ranging from specialist life science venture capital funds to our own seedcorn investors database.”BDO Stoy Hayward has produced a brochure on the specialist service BDO Stoy Hayward and PharmaVentures Ltd offer to emerging life science companies. For a complimentary copy of Funding emerging life science companies, please contact Lorraine Baillie on 0161 203 2700.EndsNotes to editor:1. Chartered Accountants BDO Stoy Hayward has over 40 offices nationwide. It is the 6th largest accountancy organisation in the UK and specialises in entrepreneurial businesses and the people behind them.2. BDO Stoy Hayward firms are the UK members of BDO International. BDO International is the 6th largest accountancy organisation in the world with a worldwide network of accounting and consulting firms serving global and national businesses. It operates from 490 offices in over 80 countries.3. PharmaVentures Ltd (www.pharmaventures.com) is a specialist healthcare consultancy that delivers practical and cost effective solutions to emerging life science companies. Dr Fintan Walton heads PharmaVentures Ltd.————————————–For further information, please contact:Ian Templeton / Graham Norfolk Tel: 0161 203 2700Senior Partner / PartnerBDO Stoy HaywardDr Fintan Walton / Scott Gorman Tel: 01865 784177PharmaVentures LtdLorraine Baillie Tel: 0161 203 2700 / 07901 517500Regional PR ExecutiveBDO Stoy Hayward
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