Mygenomics stems from Science City
LEADING North East commercial law firm Muckle LLP has helped to set up and provide specialist legal advice to an innovative and exciting new personal genomics company.
Muckle LLP’s commercial services group handled the legal issues surrounding MyGenomics’ incorporation as an independent company and the transfer of its assets, as well as licensing technology, drawing up a service contract and advising on a range of legal issues, including consent, terms and conditions and the Data Protection Act.
MyGenomics had its roots in Newcastle Science City’s Innovation Machine until it was spun out and incorporated as a standalone company at the end of October 2010.
The Muckle LLP team undertook the work to help establish MyGenomics as an independent business and to ensure the transfer of relevant assets, including intellectual property, from Science City to the start-up company. Muckle LLP also helped the innovative company to license its technology and advised on a range of commercial work relating to its suppliers and contractors, including drawing up a detailed supply agreement.
Peter Robinson, partner in Muckle LLP’s commercial services group, said: “We’re genuinely delighted to have helped Newcastle Science City establish MyGenomics. The launch is one of eight completed by the team this year and is testament to the drive, energy and hard work of both MyGenomics and Newcastle Science City teams.
“Our commercial group has unrivalled expertise in a broad range of specialisms and we are extremely pleased to have been able to help. Our clients range from entrepreneurial start-up businesses like MyGenomics to large organisations and plcs across all sectors, but our focus on commercial matters is always the same – to become part of a client’s team, to overcome obstacles and find solutions to the issues they face. It’s in our DNA.”