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4 February, 2013 - 01:19 By News Desk

Biotech entrepreneur receives lifetime achievement award

From left to right – Steve Bates, BIA CEO, Andy Richards, BIA Lifetime Achievement Award winner, and Tim Edwards, BIA chairman.

Cambridge life sciences entrepreneur Dr Andy Richards received the BioIndustry Association Lifetime Achievement Award at the Association’s annual gala dinner.

Dr Richards is currently chairman of a host of Cambridge and UK BioMedTech technology companies, including Altacor, Abcodia, Novacta and Ixico.

He is also non-executive director of Arecor, PsychologyOn-line and Cambridge Temperature Concepts and is a special advisor to Vectura plc.

In addition, he is a non-executive director of Cancer Research Technologies (the commercial arm of CR-UK) and Babraham Bioscience Technologies, a member of the BBSRC Council and a Trustee of the British Science Association.

He is a founder member of Cambridge Angels and an adviser to several Venture Capital Funds, Private Equity Funds and Corporate Venture Funds.

A Cambridge graduate with a PhD in enzyme chemistry, he cut his teeth with ICI (now AstraZeneca) and with PA Technology. He was a founder of Chiroscience in 1992 and an executive director through to the Celltech deal in 1999.

He has a track record as a founder, active investor in and director of more than 20 innovative healthcare and life-science companies over the last 12 years including companies that are have successfully exited – such as Arakis, Cambridge Biotechnology Ltd, Geneservice, Sirus, Daniolabs, Biowisdom, Pharmakodex and Clinical Force.

He has also been a director of the BIA and has contributed to numerous government committees and initiatives.

Presenting Dr Richards with the award, Tim Edwards, BIA chairman, said: “Andy Richards is an enthusiast for and champion of UK bioscience. He has established numerous companies that are getting new medicines from an idea to approved products that help patients.

“He is a true leader in our sector who has continued to put his own money where his mouth is. Finally, and quite possibly most importantly, Andy spends time inspiring school and university students to be entrepreneurial and to consider following a career in an innovative sector, such as life sciences.”

Dr Richards added: “It is truly gratifying to be honoured by the BIA in this way, and I would like to thank all of those who have worked with me. The UK life-science ecosystem is a tremendous community with the profound capacity to do real good.

“It punches well above its weight in global impact and has many more successes than are recognised and reported. As we enter the age of biology and personalised medicine it is a great place to be with great people.”

• PHOTOGRAPH SHOWS: (from left to right) Steve Bates, BIA CEO, Andy Richards, BIA Lifetime Achievement Award winner, and Tim Edwards, BIA chairman.

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