Cork-based firm signs €7.3m deal

CORK-based scientific research and technology company Glantreo has signed a $10 million (€7.3m) licensing deal with a major US company.

Although details of the other company haven’t been fully disclosed, the tie-in is with a major player in the area of chromatography – the name given to collective laboratory techniques for the separation of mixtures and a big part of the manufacturing process in areas like the food, chemical and pharmaceutical industries.

Glantreo, a spin-out company from University College Cork (UCC) that was established six years ago, classes itself as a high-tech materials company and focuses on commercialising the materials/science chemical separations research carried out in Irish universities.