Thursday August 13, 2020

CPL’s Heraty backing Solvotrin Therapeutics

Several well-known investors put more than €1.5m into drug-making firm

17th May, 2020
Anne Heraty of CPL: invested €250,000 in Solvotrin last year. Picture: Feargal Ward

Anne Heraty, the chief executive of CPL Resources, and David Power, a co-founder of Paddy Power, are among several well-known business figures behind a combined €1.5 million-plus investment in Solvotrin Therapeutics, companies records show.

The figure also includes investment in the drug-making firm by Alan Merriman’s Elkstone Capital, the wealth company that has managed investments for Elle MacPherson, the model, and Nicole Junkermann, the Monaco-based businesswoman.

Solvotrin Therapeutics started out as a Trinity...

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