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Liverpool Chirochem is looking to raise £550,000 on equity crowdfunding platform Syndicate Room to ramp up production and sales.

The co-founder of the University of Liverpool spin-out, which won the 2015 Merseyside Innovation Awards, has told Insider that the business has already started to purchase specialist laboratory equipment and hire chemists to carry out production of its novel products.

Liverpool Chirochem has submitted a pitch to Syndicate Room in which it is seeking £550,000 in return for giving away a 31 per cent stake in the business. The start-up, which was founded in 2014, has developed a manufacturing process for making exceptionally pure chemicals in three steps rather than the usual ten, delivering cost efficiencies and time efficiencies for the pharmaceutical R&D industries that rely on these chemicals.

Deepbridge Advisers is leading the funding round. Liverpool Chirochem’s offer on Syndicate Room will close on or before midnight on Sunday, 27 September 2015.

Read the full article here.