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International law firm Brown Rudnick represented Midatech Pharma PLC in raising £10 million through a placing to investors in the United Kingdom of approximately 35 million ordinary shares in the capital of the company.

Midatech is a drug delivery technology company focused on improving the bio-delivery and bio-distribution of medicines. Dual listed on AIM and NASDAQ, Midatech will use the proceeds from the placing to develop additional monoclonal-antibody formulations its Q-Sphera technology, add new small-molecule Q-Sphera programs to its pipeline, and start clinical studies.

The Brown Rudnick team included Lena HodgeNick DaviesMark LubbockJason McCaffrey, and Tobias Plowman.