
Magnitude Biosciences moves its unique COVID-19 compatible technology to a new lab at NETPark in Sedgefield, County Durham
Durham, UK – May 2020
Janet Todd, NETPark Manager said: “Magnitude Bioscience are a highly innovative company who have identified a growing area of research and development in the field of age-related conditions. We are delighted to welcome them as they move into our science and technology community here at NETPark. The park is ideal for this type of University spin out company, where the group will be able to benefit from the facilities, support and networks as they move to the next stage of their development.”
Magnitude Biosciences also joins the growing list of young biotech companies that, thanks to the early support and guidance of Durham University’s Research and Commercialisation Team, have gone on to successfully transition from Durham University to NETPark.
Dr Tim Hammond, Director of Commercialisation and Economic Development at Durham University, and Project Lead for Northern Accelerator, added: “It’s fantastic to have supported Magnitude Biosciences from a seed of an idea in an innovative academic’s mind, through to the formation of a promising company, and now to see them ‘flying the nest’ and setting up their new base at NETPark. This journey embodies the aims of Northern Accelerator, the four university partnership that is accelerating the commercialisation of research in the North East’s universities. Through our Executives into Business programme a strong management team was formed, and now a growing team of people are employed in skilled jobs in another high potential biosciences company, here in the region. The university has a strong relationship with NETPark, to be strengthened further still with the launch of our University Enterprise Zone, ‘Orbit’, next year – where we’ll see more SMEs working closely with Durham’s academic expertise. We’re confident Magnitude will continue to go from strength to strength in their new home –a journey to inspire an upcoming pipeline of academic entrepreneurs.”
To find out how Magnitude Biosciences can support your research contact us via info@magnitudebiosciences.com

