Pbs Biotech Raises $22M To Expand Single-Use Manufacturing Products And Services For Cell Therapy Clients
PRIVATEJan 09, 2023
Amount Raised
$22 Million
Round Type
Funding Round
CamarilloManufacturingBiotechnologyAgriculture and FarmingSoftwareHealth CareScience And EngineeringEducation
Investors
Broad Oak Capital PartnersAvego Management, Llc
Description
PBS Biotech ("PBS"), an innovative, single-use bioreactor manufacturer and process development services provider, has completed a $22 million financing led by Avego Management, LLC ("Avego") with additional investment from existing investor BroadOak Capital Partners ("BroadOak"). This financing will be used to improve the company's products portfolio, expand its process development services capability, and increase customer support for global cell therapy clients.
Company Information
Company
PBS Biotech
Location
Camarillo, California, United States
About
PBS Biotech is a leading manufacturer of single-use bioreactor systems and provider of process development services. PBS' bioreactors utilize proprietary Vertical-Wheel® technology to create homogeneous and scalable mixing conditions for a variety of sensitive cell therapy products and cell culture applications. PBS Biotech's vision is to become the world's standard manufacturing platform for allogeneic cell-based therapies.
Fundz sees it the moment PBS Biotech raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
CamarilloManufacturingBiotechnologyAgriculture and FarmingSoftwareHealth CareScience And EngineeringEducation