PowderMed
PowderMed, an Oxford University spinout specialising in the emerging science of DNA-based vaccines, was sold to Pfizer, Inc., the world leading pharmaceutical company, in October 2006.
Quester invested in PowderMed in 2004. The offer from Pfizer, Inc. values PowderMed at circa £170 million, which represents a 5x return on Quester’s cost in less than 18 months.
PowderMed has developed a unique and proprietary technology which could potentially revolutionise the prevention and treatment of infectious diseases by delivering DNA directly to the cells of the body’s immune system. The company is also advancing a promising pipeline of proprietary vaccine candidates for influenza and chronic diseases.
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