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Rapid Micro Biosystems raises $120m: improving contamination testing in pharma

state Massachusets covid-19 testing pandemic vaccine
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www.pharmaceutical-technology.com
pharmaceutical-technology.com:

Massachusetts-based Rapid Micro Biosystems has closed a $120m financing round, led by the new investors Ally Bridge Group and Endeavour Vision.

Existing investors, including  Bain Capital Life Sciences, Longitude Capital, Xeraya Capital and Asahi Kasei Medical, also participated in the funding round.

Rapid Micro Biosystems is a crucial player behind the scenes of the pharmaceutical industry; the company provides automated, high-throughput microbial detection technology for manufacturing through its Growth Direct platform.

The company plans to use this $120m of funding to accelerate the global expansion of this technology to meet growing demand, particularly in the context of Covid-19 and its disruption of pharma manufacturing. Importance

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
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Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
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Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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