Leeds spinout Glucosense forms with NetScientific to commercialise blood-free test for glucose levels.

The molecular analysis technology developer, which counts Illumina among its investor base, has now raised almost $400m since it was founded in 2005.

Pain management company Axial has now raised almost $10m in less than a year from backers including insurer BlueCross BlueShield.

The medical device producer has now raised $40m in financing altogether, having secured $4m in a Novo-backed equity round and $4m in debt from GE Capital.

All three of the biotechnology company's corporate backers, Johnson & Johnson, Eli Lilly and Pharmstandard, returned for its latest round, and it has now raised $67m in total.

Immunotherapy firm Immunocore, which started life at Oxford University, raises the largest biotech round in European history.