Cell Engineering Company Stays Focused Despite Pandemic : Cambridge-based cell engineering company Horizon Discovery has stayed focused despite first-half revenues dropping because of the coronavirus crisis and the reduction in academic research due to the pandemic. In the six months to 30 June 2020, revenues slipped by 13.9 per cent to £22.4 million. Losses from continuing operations also widened to £9.4 million from £4.8 million.
“Despite the impact of the global COVID-19 pandemic during the first half of 2020, we concentrated our efforts to ensure the business remained focused and executing on its strategy, whilst continuing to invest in long-term growth drivers such as our collaborations with Mammoth BioSciences and Rutgers in Base Editing,” said Chief executive Terry Pizzie.
“The fantastic efforts of our staff have ensured that we have been able to continue to operate effectively through the crisis, enhancing relationships with our biopharma customers despite the challenging operational environment.”
He added that the group is “encouraged” by the level of trading in July 2020.
The company’s goal is to commercialise the application of gene editing and gene modulation to accelerate scientific innovation and biopharmaceutical drug development.
Manufacturing & Engineering Magazine | The Home of Manufacturing Industry News
Manufacturing & Engineering Magazine (MEM), is a the leading UK based monthly print & digital publication focused on promoting innovation in manufacturing and engineering available here in the UK. We cover : SUSTAINABILITY (Waste & Water Management, Recycling, Energy); INMOTION (Rail, Marine, Aerospace, Automotive, Defence); INFRASTRUCTURE (Oil & Gas, Nuclear, Construction); Healthcare (Medical), TECHNOLOGY(Printed, Connected, Software, Composite); MANUFACTURING (Chemical, Metals, Plastics, Electronics, Electrical); CONSUMER GOODS(Furniture, Electrical, Electronics, Food) to name but a few. We have over 50,000 views of each issue of MEM on average in 2022 and go to print monthly and also publish in our newsletter, (each issue is available free for 12 months digitally). Our focus is aligned across the next 12 months with our global media partnerships around Trade Events and also contains original content.
