Paxman signs five-year research agreement with leading university
HEALTHTECH FIRM Paxman has signed a five-year research and collaboration agreement with the University of Huddersfield.
The agreement covers the Paxman Scalp Cooling Research Centre, a new multidisciplinary research group at the University of Huddersfield.
The centre will focus on biological hair follicle research as well as developing innovative scalp cooling-related treatments and individual 3D-printed cooling caps.
The £1m investment in cash, staffing and other resources during the first five years will be jointly funded by Paxman and the University of Huddersfield.
Paxman’s investment during the first year will be covered partly by an EU-financed grant and during the following four years it will be included as a part of the company’s existing R&D budget.
Initially, the centre will focus on biological research, development of a product with the potential to substantially enhance the effect of scalp cooling and development of an ecosystem for 3Dprinted individual cooling caps ready for mass production.
Chief executive Richard Paxman, said: “The launch of the Paxman Scalp Cooling Research Centre is a historic event in the scalp cooling sector that will take our existing R&D projects to a whole new level.
“Paxman will now become the only hair loss-preventing scalp cooling provider firmly based on biological research.
“We are also taking an important step towards achieving our long-term Zero Hair Loss vision.”
Professors Michael Ginger and Mike Kagioglou at the University of Huddersfield, called the agreement “exciting”.