York receives L100,000 award from Wellcome Trust

22 December 2008

UK-based York Pharma has received program-related funding of L100,014 ($153,341) from the Wellcome Trust as a Translation Award for the development of a cell-free dressing to accelerate re-epithelialization in partial thickness burns wounds.

In consideration of this funding, the company says that 526,389 York Pharma 5 pence ordinary shares have been conditionally placed with the Wellcome Trust at a price of 19 pence each. Application has been made to the London Stock Exchange for the placing shares to be admitted to trading on Alternative Investment Market.

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