Smurfit backs cancer biotech firm

Inflection Biotech recently raised €230,000 from investors to develop targeted therapies to tackle several cancers

Barry J Whyte

Chief Feature Writer @whytebarry
13th December, 2020
Smurfit backs cancer biotech firm
Michael Smurfit: €80k investment in biotech firm

Michael Smurfit, the former chief executive of Smurfit Kappa, has put just over €80,000 into a biotech start-up aiming to develop targeted cancer treatments.

Documents filed for Inflection Biotech show that the company raised just under €230,000 in recent months, with Smurfit buying around €81,000 worth of shares through his Isle of Man-based vehicle, Bacchantes.

Smurfit was joined in the investment by Conor Mallaghan, whose family owns the Carton House golf resort. Mallaghan is also...

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