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Scientist takes on executive post.

A CARDIFF-BASED biotechnology company at the forefront of new drug delivery and DNA testing technology has appointed a top scientist as executive chairman.

Joining Q Chip with a career spanning more than three decades as a senior researcher and manager in the pharmaceutical sector, Professor Ken Powell is regarded by the industry as one of its pioneers.

Prof Powell's previous positions include being chief executive of Arrow Therapeutics, head of antiviral research and head of biology at the Wellcome Foundation, and professor of virology and cell biology at the Wolfson Institute for Biomedical Research at University College, London.

During his time at the Wolfson Institute, Prof Powell helped establish Inpharmatica, now part of Galapagos NV and Ark Therapeutics which listedon the London Stock Exchange in March 2004.

Prof Powell currently serves as head of Arrow Therapeutics which he founded in 1998 and which was acquired by Astrazeneca for EUR150m in February last year.

He said, "I have accepted the role of executive chairman of Q Chip for the simple reason I am excited by its prospects.

"It has undertaken some very exciting research which provides the foundations for a strong pipeline of applications and products."

Prof Powell is associated with some of the UK's most dynamic biotech companies.

Mark Barry, chief executive officer of Q Chip, said, "The fact he has chosen to take on an executive chairmanship role and his ability to attract investment for a series of commercially successful pharmaceutical research-based entities provides an enormous endorsement of the strategy Q Chip has been pursuing."

Last summer Q Chip completed a funding round which saw it raise inexcess of pounds 2mfromexisting and new shareholders to accelerate product development and commercialisation.
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Title Annotation:Business
Publication:Western Mail (Cardiff, Wales)
Date:Jan 30, 2008
Words:281
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