Suffolk company seeks investors

IPSWICH-BASED Biotec Laboratories, has announced it is seeking to raise £250,000-£500,000 as it heads towards a flotation on the London Stock Exchange's Alternative Investment Market (AIM).

IPSWICH-BASED Biotec Laboratories, has announced it is seeking to raise £250,000-£500,000 as it heads towards a flotation on the London Stock Exchange's Alternative Investment Market (AIM).

Biotec Laboratories, a developer and manufacturer of medical diagnostics products, plans to raise funds on AIM to expand international sales of its new lead tuberculosis diagnostic product called FASTPlaqueTB™.

FASTPlaqueTB™ is a patented diagnostic kit that offers considerable benefits over older, less advanced TB diagnostic technologies.

These include rapid detection, lower cost and much higher accuracy.

Biotec Laboratories is based in Martlesham Heath, near Ipswich, where it employs around 30 people.

With the funds it hopes to raise on AIM, the company expects to increase marketing and production which would result in increased employment.

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Interested investors can contact Matthew Durdy at 01473 612158.