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. In 2003, the company was taken over by the American Chiron Corporation for £542 million. 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. Drayson received £43m for his 8% holding, Bellhouse £19.5m for his 3.6% stake, and their family trusts received £41m. References 1993 establishments in England 2003 disestablishments in England Pharmaceutical companies established in 1993 Pharmaceutical companies disestablished in 2003 Pharmaceutical companies of England Vaccine producers Companies associated with the University of Oxford