PowderJect Pharmaceuticals was a British vaccine, drug and diagnostics delivery company founded by Brian Bellhouse. They developed a needle-free injection system for delivering medications and vaccines.
In 1993, PowderJect was spun out of the University of Oxford with the help of Isis Innovation.[1][2]
In 2003, the company was taken over by the American Chiron Corporation for £542 million.[3][4] The company's CEO was Paul Drayson, Baron Drayson, son-in-law of the founder, Brian Bellhouse, and they received £100 million following the takeover.[3][4] Drayson received £43m for his 8% holding, Bellhouse £19.5m for his 3.6% stake, and their family trusts received £41m.[4]
