Tag: BioOrbit
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BioOrbit Raises £9.8 Million Seed Funding to Advance Space-Based Drug Manufacturing
London-based BioOrbit said it has raised £9.8 million ($11.4 million) in a seed funding round to accelerate its space-based pharmaceutical manufacturing technology and expand operations into the United States. The round was co-led by LocalGlobe and BREEGA, with participation from Auxxo, Seedcamp, Type One Ventures, 7percent Ventures, and undisclosed angel investors. Founded in 2023, BioOrbit…
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UK Space Agency Awards Contracts to Advance In-Orbit Manufacturing
The UK Space Agency (UKSA) has awarded contracts worth more than $1.1 million to three British companies to develop technologies for manufacturing products in microgravity, the agency said. The funding aims to accelerate research into producing advanced materials and medicines in space, where conditions such as microgravity and vacuum can yield higher-quality results than on…