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Incisive Genetics, a Vancouver BC-based held biotech company, raised $2.5M in seed funding. The round was led by investors Noel Hall and Sandra MacPherson of the MacHall group and Haig Farris, OC. The company intends to use the funds to develop its manufacturing process and capabilities, advance key studies to enhance its gene editing delivery platform technology, and further add to its intellectual property portfolio. Established in 2018 and led by Dr. Blair R. Leavitt, Incisive Genetics provides a non-viral delivery platform for genetic therapies. This delivery platform enables a one-step encapsulation of the active CRISPR components within lipid nanoparticles. The company’s pre-clinical pipeline includes programs addressing neurologic and ocular genetic diseases. ....
“With this financing under our belt, we can complete the final build out of our [European] manufacturing site, continue the investment in our feedstock supply chain and enter full-scale commercialization,” said chief executive Noel Hall. Since the company’s last financing a year ago, the number of customers using its natural bast fibres on commercial production lines has significantly increased, so investing in manufacturing capacity to feed the strong market demand is critical, Hall said. The company raised $4.5 million last year that allowed it to complete trials and start production. Mina Mishrikey, senior partner with Merida Capital, said the Bast Fibre Technologies management team has an “unrivalled” level of experience in both natural fibre and nonwoven fabric markets. “The company’s product pipeline has the potential for immediate consumer adoption.” ....
20 maggio 2021 13:04 Fonte: Adnkronos #ambiente VICTORIA, BC, May 20, 2021 /PRNewswire/ Bast Fibre Technologies (BFT), a cleantech natural fibre engineering company, announces the closing of a CAD$8.5 million (US$7 million) series A equity financing. The Company will now enter its next phase of growth focused on the full-scale manufacturing and commercialization of natural bast fibres for nonwoven products. US-based private equity firm Merida Capital Holdings is a key new shareholder in this series A financing which also includes significant participation from existing investors. With this financing under our belt we can complete the final build out of our EU manufacturing site, continue the investment in our feedstock supply chain and enter full-scale commercialization, said CEO Noel Hall. Since our last financing 12 months ago, we now have a large number of customers using our natural bast fibres on commercial production lines, so it is critical that ....
Share this article Share this article VICTORIA, BC, May 20, 2021 /PRNewswire/ - Bast Fibre Technologies (BFT), a cleantech natural fibre engineering company, announces the closing of a CAD$8.5 million (US$7 million) series A equity financing. The Company will now enter its next phase of growth focused on the full-scale manufacturing and commercialization of natural bast fibres for nonwoven products. US-based private equity firm Merida Capital Holdings is a key new shareholder in this series A financing which also includes significant participation from existing investors. With this financing under our belt we can complete the final build out of our EU manufacturing site, continue the investment in our feedstock supply chain and enter full-scale commercialization, said CEO Noel Hall. Since our last financing 12 months ago, we now have a large number of customers using our natural bast fibres on commercial production lines, so it is critical that we invest in ma ....