Billionaire Trader Platt Boosts Investment in UK Biotech Engitix

Jan. 8, 2026, 3:40 AM UTC

UK-based biotechnology company Engitix Ltd.has raised a further $25 million from billionaire Michael Platt to help develop its therapies for cancer and fibrosis.

Engitix plans to use the funds for preclinical development across its pipeline in solid tumors and fibrosis, and to expand its platform, it said in a statement Thursday. The company develops drugs targeting the extracellular matrix, known as ECM, which surrounds and supports cells and tissues in the body.

Michael Platt
Source: Bloomberg

Platt, the co-founder and chief executive officer of BlueCrest Capital Management, is investing in Engitix via Netherton Investments Ltd. The deal is an extension of ...

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