Life science start-up invests in growth with Maxim move

Jobs will be created in the wake of a university spin-out’s investment in new workspace at Maxim Park to accommodate strong growth.

Aureum Diagnostics has taken 3,500 sq. ft. of second floor space at Maxim 1 on a five-year lease.

The firm was established in 2021 to develop and commercialise advanced electrochemical medical diagnostics assay technologies at the University of Strathclyde.

Backed by investors, the company currently employs eight people but sees the move to larger premises as the next phase of its expanding operations with plans to recruit further as the business continues to develop its ground-breaking technology platforms and begins scaling up operations ready for product commercialisation.

The new office space will house all technical, operational and leadership staff with product development activities being carried out in an adjoining dedicated laboratory space.

The quality of the space available at Maxim Park was attractive, said Oliver Davies, CEO at Aureum, who added that good onsite amenities and excellent local transport links were also important reasons for moving to the site.

“Operating between Glasgow and Edinburgh is an excellent location for both staff and visitors. The team at Maxim Park have been extremely helpful in facilitating our workspace needs and meeting a tight moving-in deadline. We now look forward to seeing the business continue to go from strength-to-strength on the back of this latest investment.”

The deal follows a host of lettings at Maxim Park to firms operating in the life sciences sector who require a mix of laboratory and office space, including research and biopharmaceutical group Sartorius and TC BioPharma.

Caroline Baillie, director of park services at Maxim Park, said: “With a host of top-quality facilities, the park is ideal for life science companies gearing up for growth and investing in infrastructure to support their ambitions. I’m sure that Aureum Diagnostics will settle into their new offices quickly and take advantage of the many amenities on offer.”

Joint letting agents Knight Frank and CBRE acted on behalf of landlord Shelborn Asset Management which acquired the 756,000 sq ft Maxim Park in 2018.