(LONDON) 08 December, 2014 – International law firm Brown Rudnick LLP has advised Midatech Pharma, a nanomedicine company, on its admission to AIM and acquisition of Q Chip Limited, a drug delivery company.

Midatech Pharma develops and commercialises therapeutic products to enhance the delivery of medicines for diseases with high unmet medical needs such as cancer and diabetes and has acquired Q Chip Limited upon its admission to AIM on 8 December. Q Chip Limited is a specialist drug delivery company focused on the application of fluidic droplet systems.

Tim Matthews was the lead Partner for Brown Rudnick in a flotation that is noteworthy for its short timeframe and a simultaneous IPO and acquisition, as well as the cross-border complexity provided by a US-based major shareholder in Midatech.

Midatech hopes to take advantage of a resurgent appetite for medical research companies in the City to join the AIM.

The flotation will enable Midatech to rapidly move ahead with clinical trials for joint ventured products for the treatment of diabetes, to fund the pre-clinical and clinical development of brain, liver and pancreatic cancer treatments and to accelerate product programmes based on acquired sustained release technology.

Tim Matthews, Partner in Brown Rudnick’s Corporate practice, said: “The simultaneous IPO and acquisition makes this listing noteworthy, as well as the cross-border complexity provided by a US-based major shareholder in Midatech.”

Panmure Gordon (UK) Limited is acting as nominated adviser and broker to Midatech.

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For further information, please contact:

Dragon Associates
George Morrison / Claire Rumbellow
T: +44 (0)20.7495.4401
E: /

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