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The Medical House takes on the US
Sheffield-based drug company The Medical House has developed a disposable autoinjector device to compete with the American EpiPen. The EpiPen dominates the market for autoinjectors, which administer adrenaline in an emergency to allergy sufferers in the event of an anaphylactic shock. But The Medical House is hoping its safer and more user-friendly version could take it on. The company has signed a deal with global pharmaceutical service provider Catalent, which will provide the adrenaline for the device, and Stallergenes, a European biopharmaceutical company, that will sell the product across its network in 13 European countries. The autoinjector will undergo testing and Ian Townsend, chairman of The Medical House, expects it to launch in 2010. If its successful we will also be able to take it to the biggest market in the world the US, he said.
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Losses were expected for Fusion IP
Fusion IP, the Sheffield-based intellectual property commercialisation company, has announced increased losses from £3.1m to £5m in its preliminary results to 31 July 2008. Chief executive officer David Baynes said the loss was in line with the budget and reflected the impact of a full year of operating activity in the Cardiff operation as the 2007 figures only included six months of operating costs in Cardiff. The company's operating costs of its growing portfolio of spin-out companies also increased. The company invested £2.7m in 17 of its portfolio companies, underwent two equity exits and CellTran, one of its spin-outs, went into administration in May 2008 because of the poor funding climate. 
Better timing for trains
East Midlands Trains' punctuality improvement programmes latest figures have indicated punctuality is at 90.9 per cent the best recorded since East Midlands Train took over the franchise between Sheffield and St Pancras in November 2007. The initiative to improve train punctuality has included issuing radio-controlled watches and whistles to all staff to emphasise the importance of on-time despatch of trains, and the move to a joint control centre, shared with Network Rail, to improve communication.
Japan looks to Rotherham
A Japanese university professor has flown almost 6,000 miles to see the enterprise learning model developed by Rotherham Ready. Naoki Wakabayashi, professor of organisational behaviour at Kyoto University, visited Rotherham to learn more about how enterprise education, such as the initiatives Make £5 Blossom project, is being delivered in the borough so it can be applied in Japan.
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Special Steel swoops on Hillfoot
Sheffield-based Special Steel Co has acquired Hillfoot Forge, a subsidiary of Sheffields Hillfoot Steels that was bought by the Edinburgh-based Murray Metals Group in April 2008, in a run of deals handled by Sheffield law firm Wake Smith in September. The firm also advised on the £7.5m sale of Lowe Group to Connaught and an international joint venture between Sheffield-based Johnson & Allen and the American Vibrant Corporation to create Vibrant NDT, based at Sheffield Universitys Advanced Manufacturing Research Centre.
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Canoe dig it?
Work has been completed at the canoe club for the British Canoeing Union at Rotherhams Waterfront development. The boathouse is part of a £5m commitment by developer TCN UK to Rotherham council that also includes a golf course, driving range and club house. Sport England provided £106,000 for the canoe club project. Within the £130m Waterfront project, work has started on the £9m hotel by London Heritage and Hanover, and on Taylor Wimpeys Kingfishers Walk residential scheme.
Yorkshire land price falls most in UK
The value of urban development land in Yorkshire and Humberside has almost halved in value over the past year, according to the Knight Frank Residential Development Land Index. With developers unable to access funding, brownfield land has fallen in value by 49 per cent and greenfield land by 48 per cent. These are the biggest decreases in value in the UK, with further falls of 10 per cent expected during the next 12 months.
Rotherham breeds new businesses
Mobile phone and broadband company Voot Mobile has set up in Rotherhams Fusion@Magna business centre. Founders Nigel Short and Kerry Goding worked for major mobile phone suppliers before setting up Voot Mobile up in their home. Ridos Matrix@Dinnington business centre for start-ups is set to open in October.
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SYIF man joins Hart Shaw
Sheffield accountancy firm Hart Shaw has appointed Steve Bell to its growing corporate finance team as associate director. Bell joins Hart Shaw after two years as an investment manager at South Yorkshire Investment Fund where he worked on a variety of transactions.
Nabarro creates single department
Nabarro has restructured its planning, construction and real estate practice to create a single built environment group made up of over 30 lawyers. The group will be led by six partners including construction partner Martin McKervey who said it was a logical progression given our increasing activity in the relevant practice areas.
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