Cardiff spinout Nanotether Discovery Science has been acquired for $340,000.

Nanotether Discovery Science, a biotechnology spinout of Cardiff University, was acquired by medical device manufacturer Belluscura yesterday for £265,000 ($340,000).

Belluscura has obtained all intellectual property, cash reserves and tangible assets of Nanotether, but will not retain any of the spinout’s employees or consultants.

Founded in 2012, Nanotether has developed technology to accelerate the rate at which interactions between proteins and drug candidates can be studied. It is based on research by Trevor Dale, Adrian Harwood and Paola Borri from…