Creditors include the Development Bank of Wales and Swansea Council
Swansea medtech firm Calon Cardio-Technology is being liquidated, owing creditors – which include the Development Bank of Wales and Swansea Council – more than £5m.
Founders of the Swansea University spin-out company, which had developed an implantable heart pump for patients with severe heart failure, included Professor Stephen Westaby and Prof Marc Clement, who was sacked for gross misconduct as dean of Swansea University’s School of Management in 2019.
The business, which employed 17 people, entered administration last summer. However, efforts to acquire the business out of…