Securing the future of UK chemistry research
Colleagues in our Department of Chemistry have launched an exciting new spin-out company in collaboration with the University of Leeds. The company will enable pharmaceutical industries to develop life-saving medicines and secure the future of chemistry research in the UK.
Redbrick Molecular Ltd, led by Professor Simon Jones from our Department of Chemistry and industrialist Dr David Lathbury, will also benefit from the expertise of Professor Joe Harrity in our Department of Chemistry and academic colleagues in Leeds.
Formed with input from industry leaders, the innovative spin-out company will partner closely with other universities to identify commercially valuable chemistry, before licensing and manufacturing compounds for use in industrial drug discovery research and development.
The company will sit at the interface between industrial customers and universities to facilitate collaboration and knowledge exchange, providing added value for all parties.
Professor Dave Petley, our University's Vice-President for Research and Innovation, said: “Universities are always seeking novel ways to translate research into industry-ready tools. I am delighted that Sheffield is a partner in Redbrick Molecular’s pioneering approach to commercialisation, which is inspirational and offers an innovative way to fund future academic research.”
Redbrick Molecular will dedicate all its profits to support further UK chemistry research through grant funding projects at its member institutions.
Professor Simon Jones, who is also a member of the Science Advisory Group said: “This is a great opportunity to showcase the innovative science going on in UK chemistry departments and to clearly demonstrate the commercial impact at an international level.”
The company’s unique business model was conceived with input from industry experts and leading academics who wished to improve and secure chemistry research in the UK, and see this research used to develop medicines which will make a life-changing difference to people across the globe.
The aim is to build on this foundation by forming relationships with other higher education institutions as both licensors and future company members.