Pinsent Masons advises Retroscreen on £25.5 million fund raising

14 Jun 2013 | 04:47 pm | 1 min. read

International law firm Pinsent Masons has advised antiviral anti-viral clinical trial specialist, Retroscreen, on its conditional placing raising a total of £25.5 million.

The firm, lead by corporate partner Russell Booker and associate Mark Stephens advised the AIM-listed company which is expected to use the funds to build a new clinical division.

Retroscreen is a virology healthcare business which provides clinical and pre-clinical analytical services for flu and cold antiviral products to global pharmaceutical and biotechnology organisations.

Partner Russell Booker said: "We are very pleased to have strengthened our relationship with Retroscreen and work with them again to raise funds for a number of high profile projects. The company has experienced significant growth since listing on AIM and it is testament to our expertise that we have been instructed to guide the team through some significant milestones."

Retroscreen turned to Pinsent Masons last year to advise on its listing on the London Stock Exchange (LSE) AIM market raising £15 million. Since listing on AIM the company has focused on developing its services opening a new Flucamp screening centre and viral study programme. In 2012, Retroscreen reported a 237 per cent revenue growth up to £14.4m.

Retroscreen chief executive, Kym Denny, said: "We are delighted to have successfully raised these funds through both existing and new shareholders. We thank our existing shareholders for their continued support and encouragement, and we welcome our new shareholders to the share register. The board looks forward to investing the proceeds of the placing in building the AD-VCM and Discovery Division. It is a very exciting time at Retroscreen and lots to achieve."

Latest press releases

Show me all press releases

Pinsent Masons elects Laura Cameron as Managing Partner

Multinational law firm Pinsent Masons has announced that Laura Cameron will succeed John Cleland as the firm’s Managing Partner with effect from 1 May 2023.

Pinsent Masons launches paralegal focused trainee programme partnership with LexisNexis

Multinational law firm Pinsent Masons has launched a paralegal Solicitor Qualifying Examination (SQE) career pathway initiative with LexisNexis as it seeks to broaden access to the legal profession.

Pinsent Masons advises Ocean Winds on exclusive offshore wind joint venture with Bord na Móna

Multinational law firm Pinsent Masons has advised leading global offshore wind energy developer Ocean Winds on a partnership with Ireland’s climate solutions company Bord na Móna to develop projects that will generate up to 2.3GW of clean and renewable electricity to power up to 2.1million homes by 2030.

People who viewed this press release also viewed

Show me all press releases

Pinsent Masons advises Halma plc on the acquisition of WEETECH Holding GmbH

Multinational law firm Pinsent Masons has advised Halma plc on the acquisition of WEETECH Holding GmbH - the holding company of WEETECH GmbH and its subsidiaries based in Wertheim, Germany.

Pinsent Masons advises AIB on landmark corporate purchase power agreement in Ireland

Multinational law firm Pinsent Masons has advised AIB on a Corporate Power Purchase Agreement with NTR plc to buy energy from two new solar farms which will provide 80% of AIB’s energy requirements.

Pinsent Masons advises Cathexis on acquisition of Jones Engineering

Multinational law firm Pinsent Masons has advised Cathexis Holdings, LP on the acquisition of Jones Engineering Holdings International Limited.

For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on

+44 (0)20 7418 8199 or 

Location contacts

We are processing your request. \n Thank you for your patience. An error occurred. This could be due to inactivity on the page - please try again.