Two of the scientists behind Britain s AstraZeneca jab could both make £26million today as the tech firm that developed it hits the US stock market.
Oxford professors Sarah Gilbert and Adrian Hill both own 5.2 per cent of Vaccitech, which will later float on America s Nasdaq exchange.
The pair are alongside other scientists and investors who put money and expertise into the company after it was founded in 2016.
Companies House papers audited by MailOnline show Profs Gilbert and Hill each hold 2,500 ordinary shares in the firm, out of a total 47,827.
Experts have suggested it is targeting a value of some £509 million, meaning if this is realised, the two scientists stakes will be each worth £26.4million.
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A Virtual Events Startup With $670 Million And The 19 Other Highest-Funded Forbes Under 30 Europe Honorees
Illustration by Alexander Wells for Forbes
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These companies have all raised over $10 million in funding.
While 2020 brought public life to a halt, venture capitalists cut checks at an unmatched volume. The 20 companies on 2021 30 Under 30 Europe Big Money list captured some the largest investments as all raised upwards of $10 million. These companies range from finance to science and all have an Under 30 honoree at the helm.
The list’s highest funded startup Hopin has attracted $670 million from investors to enliven virtual events, surpassing other Under 30 Europe 2021 companies by the hundreds of millions. The company is founded by 28-year-old London-based engineer Johnny Boufarhat and has attracted top tier investors like Andreessen Horowitz, General Catalyst and IVP, whose checks have given the two-year-old company a whopping $5.65 bill
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LONDON and OXFORD, England, April 8, 2021 /PRNewswire/
PQShield, the cybersecurity company specialising in post-quantum cryptography, today announces that it is further strengthening its cryptographic hardware team with the appointment of Ben Marshall, the editor and main author of the RISC-V K Cryptography Extension, as a Cryptography Engineer. Ben will continue to contribute to
RISC-V International s cryptography standardisation efforts while also working on PQShield s post-quantum hardware architecture.
While quantum computers offer enormous potential benefits to society, they also pose a significant risk to information security, as they will be able to easily break the public-key encryption widely relied on to protect sensitive data. Because of this, engineers and scientists around the world are working to develop
Credit: OxiFlow
Origami is more traditionally associated with the art of paper folding, but one British startup is using the technique to develop a treatment for brain aneurysms.
Oxford Endovascular Ltd has raised $10 million in Series A funding for its OxiFlow solution, which aims to overcome challenges with existing medical devices.
Vulpes Investment Management led the round, with the Additio Investment Group, Oxford Sciences Innovation PLC, Parkwalk Advisors, Perivoli Innovations, Oxford Investment Consultants, the University of Oxford and private individuals following on.
The Oxford University spin-out has previously won funding from the European Union’s Horizon 2020 SME instrument and the UK’s grant programme, Innovate UK.
Oxford scientist set for £15m payday in Vaccitech flotation cityam.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cityam.com Daily Mail and Mail on Sunday newspapers.