CMC Biotech gets 36 million dollar cash injection  

2002.05.08
CMC Biotech to build new facilities following biggest private investment deal of recent years

Daily broadsheet Jyllands-Posten reports today that the one year old company CMC Biotech is to get a DKK 300 million (USD 36 million) cash injection in one of the biggest private financing deals of recent years. The fresh capital, from a consortium including venture companies Bankinvest and European Equity Partner, will be used to build production facilities and a new HQ building in the greater Copenhagen area. 100 new jobs will be created as a result.

The testing and production facilities will be used for pilot production on a contract basis of promising new biologics for other biopharmaceutical companies. The idea is that a customer can supply a therapeutic protein or molecule that forms the active ingredient of a potential new drug, which CMC Biotech can then upscale to sufficient production amounts to enable clinical testing. In the longer term CMC Biotech plans to produce biologics on a commercial scale.

Next step

Explore business cases

Please contact me

Name
Company
E-mail
Phone
How can we help you?

IDK
We use cookies to make the website perform optimally. You accept cookies by closing the box or continuing to use the website. Click here to read more about cookies. ×