Prime Movers Lab Expands Life Sciences Practice
Portfolio of companies Prime Movers Lab supports already working to end the pandemic, accelerate cures for diseases of aging and help stroke patients recover
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JACKSON, Wyo., Feb. 16, 2021 /PRNewswire/ Prime Movers Lab – an investor in breakthrough scientific startups that will revolutionize the world s most important industries and transform billions of lives – today announced that it is expanding its efforts in the life sciences and has added new partners with deep expertise in biology, longevity and neuroscience.
Three new Prime Movers Lab partners, Caleb Bell, PhD, Amy Kruse, PhD, and Jyothi Devakumar, PhD bring varied experience across multiple verticals including biotech, food, neuroscience and longevity medicine. These new partners are complemented by longtime members of Prime Movers scientific advisory board, who include Robert Booth, PhD, a former member of Roch
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COVID-19 Analysis
The on-going COVID-19 pandemic has had a negative impact on the energy storage industry. The market faced a lot of problems, including obtaining raw material components as well as delivering end products to attract workers from quarantines. The lockdown imposed by the government worldwide has put a brake on the production of energy storage that spiked product prices, thus lowering the market demand.
On the brighter side, the industry is rapidly returning to normal, experiencing a steady increase in the demand for energy, particularly from the industrial sectors. The demand for the product in end use sectors is likely to pick up after the uplift of the lockdown in most countries. This is likely to boost the energy storage market revenue over the forecast period.
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