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Stock impact report

PBS Biotech Expands Leadership Team and Secures $17 Million in Growth Capital to Accelerate Delivery of Next Generation Cell and Regenerative Therapies [Yahoo! Finance]

Thermo Fisher Scientific Inc (TMO) 
Last thermo fisher scientific inc earnings: 4/22 06:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
CAMARILLO, Calif. Jan. 6, 2025 /PRNewswire/ -- PBS Biotech ("PBS"), a provider of innovative single-use bioreactor systems and bioprocess development services, has secured $17 million in follow-on growth capital from Avego Management, LLC ("Avego") and BroadOak Capital Partners ("BroadOak"). This investment will accelerate PBS' new product innovation, process development services, and quality system improvements, further advancing the cell therapy industry and helping their customers bring life-saving therapies to market faster. PBS Biotech Logo (PRNewsfoto/PBS Biotech Inc.) The company is also expanding its ISO 9001:2015 manufacturing capacity, which will be completed by mid-2025, to support more than $100 million in annual revenue and to demonstrate readiness to meet customers' demands as they scale up from clinical trials to regulatory approval and commercialization. PBS is excited to welcome Terrell Mathews as Chief Commercial Officer and Erik Wiberg as Chief Financial Offi Show less Read more
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