The British biotech company’s expansion was made possible by a successful £7.9 million fundraising campaign last January, in addition to a £2.15 million equity-free grant from Innovate UK via the EIC Accelerator.
Developing growth media without fetal bovine serum (FBS), a traditionally essential but controversial ingredient for cell growth, has been a complex, expensive, and time-consuming task that has delayed industry progress.
Companies can now outsource the production of serum-free growth media. It enables faster market entry for products while channelling their resources into innovation and product development.