Wednesday, April 22, 2020 Daily Archives

Sartorius’ strong Q1 shows ‘defensiveness of bioprocess industry,’ analysts

by

Sartorius reported pronounced year-on-year increases in sales and orders for its first quarter 2020, indicating the opportunities for bioprocessing and the resilience of biopharma amid the coronavirus pandemic. For many businesses, the first quarter 2020 could be described as exceptional; at best subdued, but more realistically unsettling or even disastrous. Since January, the novel coronavirus (SARS-CoV-2) has led to systematic shutdowns and lockdowns, creating fiscal uncertainty and forcing many businesses to shut up shop. But for Sartorius Stedim Biotech, the…

April 22, 2020

MilliporeSigma invests $110m in gene therapy CDMO biz

by

MilliporeSigma is building a second facility at its gene therapy site in California, adding 11 production suites and more than doubling its viral vector capacity. The life sciences services division of Merck KGaA, MilliporeSigma, has been involved in the gene therapy area since 1997 through its site in Carlsbad, California. In 2016, the company expanded the site from 44,000 square feet to 65,000 square feet to meet growing demand for viral and gene therapy products. Now the firm has announced…

April 22, 2020

Avectas attracts $20m to scale-up non-viral cell engineering tech

by

Avectas has secured funds needed to scale-up its cell engineering technology and expand its teams in the US and Ireland. Dublin-based Avectas attracted $20m of equity investment in a series C fundraising round completed on April 16. The firm plans to use the funds to scale up its Soluporation technology and to expand its commercial, regulatory and technical organization within Ireland and the US. CEO Michael Maguire told us “We will accelerate our translation and scale-up by engagement with external CDMOs and…

April 22, 2020