BTG plc

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BTG plc
Type Public
Traded as LSEBTG
Industry Healthcare
Founded 1991 as British Technology Group Ltd.
Headquarters London, United Kingdom
Key people Garry Watts (Chairman of the board), Louise Makin (CEO), Rolf Soderstrom (CFO)
Products Development, manufacturing and commercialisation of specialty pharmaceuticals and interventional medicine in the areas of critical care, cancer and varicose veins. BTG also has a revenue stream from royalty payments on partnered products.
Revenue £233.7 million (2013)[1]
Operating income £69.0 million (2013)[1]
Profit £16.4 million (2013)[1]
Employees 580 (2012)
Website www.btgplc.com

BTG plc is an international specialist healthcare company that is developing and commercialising products targeting critical care, cancer and other disorders. The company has diversified revenues from sales of its own marketed products and from royalties on partnered products, and is seeking to acquire new programmes and products to develop and market to specialist physicians.

It trades as BTG International Inc. in the United States and as BTG International Ltd. in the United Kingdom.[2] The latter name arose as the result of the British Technology Group Ltd changing its name on 27 May 1998.[3] BTG is a constituent of the FTSE 250 Index.

History[edit]

In 1948, the National Research Development Corporation was formed with the purpose of commercialising innovations that arose from public funded research.[4] This was complemented in November 1975 by the establishment of the National Enterprise Board to implement the then-Government's policy of moving public sector industry into commercial private enterprise.[5]

These two organisations were merged by the Government in 1981 to form a new, non-statutory body called the British Technology Group.[6] It acted principally to licence and commercialise the use of publicly funded developments. The Group was put onto a statutory footing in the British Technology Group Act, 1991[7] with HM Treasury initially being the only shareholder. Subsequently, in March 1992, Cinven arranged a management buy-out from the Government. The company later floated on the London Stock Exchange in 1995.[4] Three years later, on 27 May 1998, the Group adopted its present name. It now focuses its work on developing and commercialising medical innovations.[4]

Since acquiring the commercialisation rights to magnetic resonance imaging (MRI) (under a revenue share scheme) in 1983, BTG has come to licence a large part of the world market in MRI, including licencees such as General Electric and Philips.[8]

BTG plc completed the acquisition of Protherics PLC in December 2008 and of Biocompatibles International plc in January 2011.[9]

Operations[edit]

BTG earns revenues from specialty pharmaceutical and interventional medicine product sales and on royalties from partnered products. The company has operations in Europe, North America and Australia.

See also[edit]

References[edit]

  1. ^ a b c "Preliminary Results 2013". BTG. Retrieved 15 March 2014. 
  2. ^ Contact page for BTG plc giving the various names it trades under
  3. ^ Companies House details
  4. ^ a b c Overview of BTG International's history
  5. ^ Elizabeth II (1975, c. 63). The Industry Act, 1975. HM Stationery Office. ISBN 0-10-546875-4. 
  6. ^ Abstract of Department of Trade and Industry report "Monitoring of British Technology Group"
  7. ^ Elizabeth II (1991, c. 66). The British Technology Group Act, 1991. The Stationery Office Books. ISBN 0-10-546691-3. 
  8. ^ Case study of BTG's MRI licensing
  9. ^ BTG’s £177m deal to buy cancer treatment firm Biocompatibles International

External links[edit]