Ferryx has participated in SETsquared Bristol’s prestigious Tech-Xpo 21 competition; Tech- Xpo is a platform that introduces new technology for start-ups and helps increase investment. The event is annually held by SETSquared Bristol which is the world's top leading incubator for start-ups offering world-class business support programs.
On Wednesday 30 June, Ferryx competed alongside ten other Bristol-led start-ups to win the ‘Best Elevator Pitch’.
The occasion was a hybrid event for the first time since its first edition in 2004. Bristol enterprise hub and Engine Shed merged the companies’ best live pitches along with an extended audience of influential investors and business leaders.
In her pitch, the CEO of Ferryx, Jenny Bailey, discussed the importance of having an effective treatment for gut inflammation that is without side effects for the 6.8 million people worldwide suffering from inflammatory bowel disease. In her own words, Jenny Bailey said in her winning pitch: “We have a product that does just that.”
Ferryx lead product (FX856) is a live bacteria that is able to function during active inflammation. This product has been designated Generally Regarded As Safe (GRAS) by the Food and Drug Administration (FDA) and it can immediately hit the market as a food supplement. On top of that, it has a much-shortened development pathway compared to a regular pharmaceutical product.
In her acceptance speech, Jenny Bailey said: “We are absolutely thrilled to win Tech-Xpo’s Best Elevator Pitch. It’s not about the trophy for us but about the opportunity to improve the quality of life of millions of people suffering from gut inflammation. This event has already helped us make some important connections which we hope will assist us in progressing our plans towards this important goal.”
Ferryx is looking forward to announcing its first UK license agreement and is seeking initial investment to accelerate its pharmaceutical market growth. If you are an investor who is excited about this opportunity and ready to embark with us on this journey, contact us now for more information.