Portfolio Update

RNS Number : 9301Y

Intl. Biotechnology Trust PLC

11 July 2008

 

11 July 2008

PORTFOLIO UPDATE

The Board of International Biotechnology Trust plc (the 'Company') notes that new and follow-on investments have been made in the unquoted portfolio this week. 

The Company invested £0.6m in new unquoted portfolio company CR LLC, based in Virginia, USA and Cologne, Germany. CR LLC has been set up to build a contract research business that will buy and consolidate businesses in this sector.

In addition, a follow-on investment of £0.2m has been made in ESBATech, a Swiss- based company focused on inflammatory conditions, bringing the total investment in this company to £1.0m.

Enquiries:

Kate Bingham/David Pinniger

SV Life Sciences Managers LLP          

Investment Manager                                        Tel: [phone]

Louise Richard

Schroder Investment Management Limited        Tel: [phone]

 

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