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Portfolio companies and the fight against coronavirus

The Association of Investment Companies (AIC) has spoken to investment company and VCT managers about the prospects for a vaccine and how their portfolio companies are contributing to the fight against coronavirus. John Glencross, Chief Executive, told of three Calculus portfolio companies, Mologic, Genedrive and Yourgene. Read the full press release here Are any of … Continued

Yourgene Health unveils agreement for a COVID-19 diagnostic test

Calculus portfolio company Yourgene Health PLC has unveiled a contract manufacturing agreement with Novacyt SA for a COVID-19 diagnostic test. Under the deal, Yourgene will use its manufacturing facility in Manchester, UK, to ramp up production of Novacyt’s COVID-19 test, with the first batches to be shipped from the Manchester site in the next few … Continued

Genedrive says coronavirus test could be available in eight weeks

Genedrive, has pivoted part of its core resources towards development of two SARS-COV-2 tests, which can determine whether someone is infected with coronavirus. The first assay, already in development, is an instrument-agnostic molecular assay (the Genedrive® 96 SARS-COV-2 test) that can be performed on a variety of high throughput molecular testing platforms already installed in many … Continued

Calculus Capital and COVID-19

Calculus Capital is committed to providing the same level of service to our valued investors and advisers, and continuing to guide and support our portfolio companies, during this unprecedented time. Our EIS Funds and VCT remain open for investment with a number of new deals about to be made over the coming weeks and months. … Continued

Post Budget Comment – John Glencross

During his budget speech on March 11th, Chancellor Rishi Sunak announced he had cut Entrepreneurs’ Relief from £10m to £1m, amid expectations he would scrap it altogether. Sunak also confirmed the government’s commitment to supporting small businesses and innovation. This includes retaining the VCT and EIS tax incentives, increasing the support for SMEs across the UK’s 38 … Continued

Calculus invests in Raindog Films

Raindog is the production company founded by Oscar®-winning actor Colin Firth and former Sony Music CEO Ged Doherty, now joined by writer/producer Trish D Chetty Building on the platform of a robust award-winning film track-record, Raindog will expand into TV drama, music content and documentaries The UK Creative Content EIS Fund has invested in Raindog … Continued